Saturday, February 24, 2024
HomeFunding London-based Oxx Secures €172 Million its Second Fund Generation

[Funding alert] London-based Oxx Secures €172 Million its Second Fund Generation

London-based Oxx secures €172 million its second fund generation to continue our mission to help European scaleups unlock and navigate the scale-up stage and achieve explosive growth.
Richard Anton – GENERAL PARTNER(left), Mikael Johnsson – GENERAL PARTNER(right) of Oxx

London-based Oxx secures €172 million its second fund generation to continue their mission to help European scaleups unlock and navigate the scale-up stage and achieve explosive growth.

The trust imbued in them by both long standing and new investors is a testament to the work they are doing and the direction they are taking Oxx – both in terms of investments made and building a team for the future.

Read also – Amsterdam-based Biotech Startup Cradle Secures $24M in Series A Round Funding

Since their last announcement, the full team has doubled, Bob Thomas and Phil Edmondson-Jones have become Partners and Ingrid Bonde Åkerlind has become a Principal. This era is the new age of AI, or as we refer to it, the AI paradigm of SaaS. It is their firm belief that AI is the driving force behind a transformative shift in how software is built and used; it’s not just a buzzword or hype.

Oxx’s specific focus is on backing European SaaS companies at the scale-up stage. This is a particular area where there is a great opportunity, but one that they find is often misunderstood and overlooked by other investors.

Read also – Stockholm-based Lassie Secures €23 Million in Series B Round Funding

In this second generation of Oxx funds, they will continue to invest in European companies with exceptional founders and ideas that will make a difference, and they will do so in the Oxx way:

With absolute conviction and as main stakeholders, actively taking a role in the success of their companies. By sharing their deep knowledge and expertise for the benefit of their portfolio companies and the wider SaaS community. Through providing unfettered access to their wide network of specialist advisors, helping companies unlock the knots on the journey to growth.

About Oxx

B2B SaaS was Oxx’s lifeblood before the craze began.They probably already have an excellent grasp of your market, category, and the kinds of models that could help you grow. They seek out specialised, niche businesses—those whose success stems from delving deeply. Then, they combine your zeal and tenacity to create a business that shines out on an international level.

Read also – Hexa Secures €20M for Launching 30 Startups Annually by 2030

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular