Oxx announces $133 Million scale up capital for B2B SaaS companies. A highly ambitious VC firm with offices in London and Stockholm founded by Richard Anton and Mikael Johnsson. The capital is intended for companies that have rapidly emerging SaaS metrics, category defining and true blue sky opportunities.
With an abundance of experienced talent available in Europe, according to the Oxx team, the firm wants to focus on sustainable business run by experienced entrepreneurial teams. The company believes that Europe has an increasing number of founders starting their second or third B2B software business. According to Oxx “an abundance of highly-skilled and relatively affordable tech talent,” coupled with lower levels of VC investment per capita, Oxx wants to utilise the capital to fulfil this gap.
“We invest exclusively in European B2B SaaS companies at the scale-up stage,” Co-founder Mikael Johnsson
Oxx has partnered with a number of SaaS companies; Funnel, software that collects, maps and sends Marketing data. ThinkTank, automated selling and managing cloud ERP software. ForeScout, enterprise class, pervasive network security. Zift Solutions, comprehensive Enterprise Channel Management technology. Celltick, mobile marketing. Apica, application performance and comprehensive load testing. Codility, recruiting technical talent effectively.
Oxx Co-founder Richard Anton has indicated that they will lead funding rounds anywhere in the range $5-20m in Europe’s most promising SaaS companies at Series A and beyond.