Stockholm and London-based Oxx closes €172 million second fund generation to power the growth of European SaaS scaleups
Summary
In building Oxx for the long term, they have brought together a highly skilled, hand-picked team with experience from various investing and operational backgrounds, making the firm uniquely placed to identify key opportunities and shepherd them to success at the advent of a very exciting new chapter of SaaS development in Europe. Richard Anton, General Partner of Oxx, said: “We invest with evidence-based, absolute conviction in companies with strong fundamentals, where we can generate sustainable, capital efficient and consistent growth. The trust shown by both returning and new LPs is a testament to our highly selective and hype-resistant approach resonating with the wider community and proves that our commitment to maintain a strong LP/GP relationship is valued by our stakeholders.” Mikael Johnsson, General Partner of Oxx, commented: “The SaaS industry has undergone a seismic shift over the past decades. AI is not merely hype, it is the technological driver underpinning a structural shift and spurring another tidal wave of innovation, driving migration from incumbent legacy systems and applications. Many SaaS companies building profound and sophisticated products don’t come flying out of the gates commercially, but instead spend a period experimenting and adapting as they take the time to find Product-Market fit.
Funding
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