OpenOcean

OpenOcean

Signal active

Investment Firm

Overview

OpenOcean is a thesis driven pan-European early-stage Venture Capital investor with offices in Helsinki and London. Our investment strategy focuses on leading or co-leading Series A investments in European companies driving the data economy with a focus on B2B platforms and Enterprise Software technology. Our investments are driven by three core theses: Automation, Data Infrastructure and Future of Software Development, with initial average investment sizes of €5m. ‍

Our founding team members include key persons behind MySQL AB (sold to Sun Microsystems Inc. for $1 Billion in 2008), after which the team jointly built category leader MariaDB Corporation Ab, as well as forming and managing OpenOcean. Our DNA is rooted in having a deep understanding of the underlying technology and software stacks, which drive the growth of innovative new digital platforms and services. Our strong technical background and expertise allows us to identify and invest in the next game-changing and category winning start-tups at the early-stages, whose unique solutions can be rapidly scaled and adopted globally.

Highlights

Founded

2009

Industry

Enterprise Software

Employees

11-50

Investment

83

Lead Investment

34

Exits

14

Stages

Early Stage Venture, Seed, Late Stage Venture, Private Equity

Investor Type

Venture Capital

Location

Europe

Contact Information

Social

Profile Resume

OpenOcean, established in 2009 and headquartered in Europe., specializes in Early Stage Venture, Seed, Late Stage Venture, Private Equity investments across Mobile, Virtual Goods, Information Technology, E-Commerce, Security, Machine Learning, Finance, Digital Media, Web Development, Hardware. The organization boasts a portfolio of 83 investments, with an average round size of $15.2M and 14 successful exits. Their recent investments include Ironstar Helsinki, WOT Services, Tesi, Zentyal, Alven. The highest investment round they participated in was $99.0B. Among their most notable exits are Ironstar Helsinki and WOT Services. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Patrik Backman

Patrik Backman

General Partner, CEO and Co-Founder

imagePlace Ralf Wahlsten

Ralf Wahlsten

Chairman

imagePlace Tom Henriksson

Tom Henriksson

General Partner

imagePlace Ekaterina Almasque

Ekaterina Almasque

General Partner

imagePlace Naureen Zahid

Naureen Zahid

Investor Relations Director

imagePlace Sri Ayangar

Sri Ayangar

Investment Associate

Investment portfolio

OpenOcean has made 83 investments. Their most recent investment was on Jun 18, 2024, when Droppe raised $4.2M.

investments

83

Diversity investments

2

Lead investments

34

Number of exits

14

Investments

83

Annouced DateOrganization NameIndustryMoney Raised
Sep 12, 2023
Binalyze Binalyze
Information Technology19.0M
Feb 07, 2024
Workfellow Workfellow
Enterprise Software3.1M
May 14, 2024
Purple Dot Purple Dot
E-Commerce10.1M
Jun 18, 2024
Droppe Droppe
Marketplace4.2M

Exits

14

Funding Timeline

Funding rounds

83

Investors

0

Funds

4

Funding Rounds

83

OpenOcean has raised 83 rounds. Their latest funding was raised on Jun 18, 2024 from a Seed Round - Droppe round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Sep 12, 2023
Series A - Binalyze Series A - Binalyze
-19.0M-
Feb 07, 2024
Series A - Workfellow Series A - Workfellow
-3.1M-
May 14, 2024
Series A - Purple Dot Series A - Purple Dot
-10.1M-
Jun 18, 2024
Seed Round - Droppe Seed Round - Droppe
-4.2M-

Investors

0

There is no funding round available on this profile

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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