About us

We back relentless founders creating the data economy of the future

At OpenOcean, we believe in the power of data to create a wiser world. We trust in true science and data used in the right way, which can be much more powerful than just anecdote, gut-feeling, instinct or intuition alone.

OpenOcean in short

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

Our history

Our pioneering role in driving the new data economy began when our partners built companies like MySQL, MariaDB, and many more. We are now actively supporting the next early-movers in their journey to accelerate growth globally.

In 2011 OpenOcean launched its first institutional fund with ca. €45m in total commitments. Fund 2011 made 13 investments and has realized top decile European venture returns.

In late 2015 OpenOcean started the second institutional fund with ca. €80m in total commitments. Fund 2015 also made 13 investments and the investment period is now closed.

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.

We have launched the latest Fund 2020 to support relentless European founders to build solutions for the future where technology and data enable better decision making for consumers and businesses. The final closing of the fund completed in Q1, 2022.

Our vision

At OpenOcean, we believe in the power of data to create a better world.

We support relentless founders who are creating easy-to-love data solutions, with data at the core of their technology.

The startups we invest in are building the new data economy, where technology enables better decision making for businesses and improves the lives of consumers.

Featured articles

All news
May 13, 2022
·
10
min read

Our newest investment into cybersecurity: Binalyze

Our newest investment into the cybersecurity space, Binalyze (with a cool short name B!), where we led a $10M round, is one of those cutting-edge innovations that will shape the future of Enterprise Forensics.
May 13, 2022
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3
min read

Announcing LoopMe exit: celebrating the next chapter of a real Ad-Venture

In 2014, together with HV Capital, OpenOcean led the Series-A funding round for an early stage mobile advertising technology company from London called LoopMe. Almost 8 years on, LoopMe has grown to a very profitable business with almost 100 million USD in revenue.
May 13, 2022
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7
min read

The Truecaller IPO: nine years of “instant” success

In 2012 we were honoured to lead the series A funding round for a fast-growing new Caller ID app called Truecaller.