For Fund Investors

OpenOcean is an early-stage venture capital firm investing across Europe with offices in London, Helsinki, and Amsterdam. With an entrepreneurial background from building several category-defining software businesses, the firm engages with founders to build and scale global companies delivering data-intensive and delicious software solutions. OpenOcean typically leads or co-leads €5M Series A funding rounds in Europe.

  • Background
  • Uniquely Positioned
  • Who can invest?

Background


Prior to starting OpenOcean, the Partners founded and built several global software businesses from Europe, including MySQL (acquired by Sun Microsystems in 2008), MariaDB, Nokia Interactive Advertising, and others.
 
In 2011 OpenOcean launched it’s first institutional fund with ca. €45M in total commitments. Fund 2011 made 13 investments and is expecting to realize top 5% European venture returns.
 
In late 2015 OpenOcean raised a second institutional fund with ca. €80M in total commitments. Fund 2015 has to date made 10 investments and is expecting to invest in 5 to 6 more companies in the next 18 months.
 
In 2018 an opportunity fund was raised with the purpose of making growth round investments in three to four pre-selected growth stage software companies from Fund 2011. The opportunity fund was closed at €23M, and has to date made three investments.
 
All current OpenOcean funds are incorporated in Finland.

Uniquely Positioned


Thanks to our background as founders and entrepreneurs with deep understanding of data-intensive software solutions, OpenOcean is in a unique position in Europe in terms of deal-flow access and ability to support relentless entrepreneurs aiming to change the world. You can read more about our investment philosophy and approach here.
 
In addition to having an entrepreneurial focus and mindset, the OpenOcean team is highly skilled in evaluating technologies and software development processes. Many team members have been software builders themselves, and having taken some of the most popular technologies to the global market, it’s safe to say that OpenOcean knows how to assess and improve scaling strategies.
 
As a leading venture capital investor OpenOcean recognizes the key role that improvement of Environmental, Social and Governance (“ESG”) matters places as a prerequisite for long-term value creation. OpenOcean always aims to invest responsibly within the scope of our investment strategy and we have a Responsible Investment Policy in place.

Who can invest?


Our current Limited Partner Investors come from around the world and consist mainly of institutional investors, family offices, and high net-worth individuals.
 
At the moment all of our three funds are closed and we are not actively fundraising. We expect to raise our next OpenOcean fund by the end of 2019.
 
OpenOcean is registered as an alternative investment fund manager under the AIFM Act with approval from the Finnish Financial Supervisory Authority. OpenOcean is also registered as an “EuVECA” alternative investment fund manager.
 
We are a member of the Finnish Venture Capital Association (FVCA) and Invest Europe (the association representing Europe’s Private Equity and Venture Capital sectors).
 
Our reporting follows Invest Europe guidelines and our valuation follows guidelines issued or endorsed by IPEV.
 
For further enquiries please contact Head of Operations Niklas Rosenberg.