INSUBCONTINENT EXCLUSIVE:
Oxx, a European venture capital firm co-founded by Richard Anton and Mikael Johnsson, this month announced the closing of its debut fund of
$133 million to back &Europe most promising SaaS companies& at Series A and beyond.
Launched in 2017 and headquartered in London and
Stockholm, Oxx pitches itself as one of only a few European funds focused solely on SaaS, and says it will invest broadly across software
applications and infrastructure, highlighting five key themes: &data convergence - refinery,& &future of work,& &financial services
infrastructure,& &user empowerment& and &sustainable business.&
However, its standout USP is that the firm says it wants to be a more
patient form of capital than investors who have a rigid Silicon Valley SaaS mindset, which, it says, often places growth ahead of building
long-lasting businesses.
I caught up with Oxx co-founders to dig deeper into their thinking, both with regards to the firm remit and
investment thesis, and to learn more about the pair criticism of the prevailing venture capital model they say often pushes SaaS companies
to prioritize &grow at all costs.&
TechCrunch: Oxx is described as a B2B software investor investing in SaaS companies across Europe from
Can you be more specific regarding the size of check you write and the types of companies, geographies, technologies and business models you
are focusing on?
Richard Anton: We will lead funding rounds anywhere in the range $5-20 million in SaaS companies
Some themes we&re especially excited about include data convergence and the refining and usage of data (think applications of machine
learning, for example), the future of work, financial services infrastructure, end-user empowerment and sustainable business.
