OpenOcean
| File:OpenOcean logo.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Venture capital |
| Founded 📆 | 2009 |
| Founder 👔 | |
| Headquarters 🏙️ | Helsinki, Finland London, United Kingdom Amsterdam, Netherlands |
Area served 🗺️ | Europe and the UK |
| Members | |
Number of employees | |
| 🌐 Website | openocean.vc |
| 📇 Address | |
| 📞 telephone | |
OpenOcean is a pan-European venture capital firm based in Helsinki, Finland, with offices in London and Amsterdam. The firm primarily invests in data-intensive enterprise software companies developed on proprietary technology, and typically leads or co-leads Series A funding rounds with an average investment of around €3 million, and €150 million in assets under management.[1][2][3][4]
History[edit]
The firm was established in 2009 by the founders and early investors of MySQL, Michael "Monty" Widenius, Patrik Backman and Ralf Wahlsten, later joined by former Nokia executive Tom Henriksson. Richard Muirhead joined the OpenOcean general partnership in 2015 after serving as interim CEO at Automic before it was acquired by CA Technologies.[5] He left in 2018 to found Fabric Ventures.[6] In 2019, Ekaterina Almasque joined the OpenOcean general partnership from the investment team at Samsung. OpenOcean's key expertise and investment focuses within data-intensive software are artificial intelligence and machine learning, application-driven infrastructure and development tools, open source software, and automation software.[7][8]
Investments[edit]
OpenOcean is an early-stage venture fund with a vertical agnostic approach that focuses on following areas of enterprise software:
- Artificial intelligence and machine learning
- Application-driven infrastructure and development tools
- Open-source software
- Automation and recommendation engines
OpenOcean typically leads or co-leads Pre-A or Series A funding rounds in Europe.
Portfolio[edit]
Notable investments made by OpenOcean include Bitrise, Thimble, MariaDB, Truecaller, RapidMiner, Platform.sh, EyeEm, Import.io, Nosto, PassFort, Supermetrics, IQM, Leadoo, MindsDB and Sunlight. Their portfolio includes 27 companies.[9][10]
Team[edit]
The OpenOcean general partnership currently consists of five partners:
- Michael "Monty" Widenius, General Partner and Founder of MySQL and MariaDB
- Patrik Backman, General Partner and Co-founder of MariaDB
- Ralf Wahlsten, General Partner and Co-founder of MariaDB
- Ekaterina Almasque, General Partner
- Tom Henriksson, General Partner
The firm employs an additional two investment team members in Helsinki, two in London and one in Amsterdam, as well as three operational and marketing professionals.
See also[edit]
References[edit]
- ↑ Tech Crunch: OpenOcean Closes New 100 Million Euro Fund [1]
- ↑ PerfectPitch Blog: VC Investment Thesis, OpenOcean [2]
- ↑ The Register: OpenOcean raises 100 Million Fund[3]
- ↑ DataSeries [4]
- ↑ Bloomberg, Jason. "CA Technologies Announces Intent To Acquire Enterprise Automation Leader Automic". Forbes. Retrieved 2018-09-16.
- ↑ "About Fabric Ventures". Retrieved 2020-11-02.
- ↑ Business Insider: Finnish Startup Raises from OpenOcean [5] Archived 2018-08-29 at the Wayback Machine
- ↑ OpenOcean team [6]
- ↑ Crunchbase: OpenOcean Portfolio Companies [7]
- ↑ OpenOcean Portfolio [8]
External links[edit]
- OpenOcean website (company website)
- OpenOcean blog (company blog)
- Crunchbase Profile
This article "OpenOcean" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:OpenOcean. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
