OpenOcean Founded 2009
Founders Michael Widenius Patrik Backman Ralf Wahlsten
Overview
Portfolio analytics
Team
Investments
News & Media
Add fund to favorites
info
Save this fund for later to form your own custom list of funds
This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 23
Average round size
info
The average size of a deal this fund participated in
$10M
Portfolio companies 23
Rounds per year 1.92
Lead investments 15
Follow on index
info
How often the fund supports its portfolio startups at next rounds
0.42
Exits -
Key employees -
Stages of investment
Early Stage Venture
Areas of investment
Analytics
B2B
Big Data
Enterprise Software
Finance
FinTech
Machine Learning
SaaS
Software
Summary

OpenOcean appeared to be the VC, which was created in 2011. The leading representative office of defined VC is situated in the Helsinki. The company was established in Europe in Finland.

When the investment is from OpenOcean the average startup value is 100-500 millions dollars. Comparing to the other companies, this OpenOcean performs on 25 percentage points less the average number of lead investments. The usual things for fund are deals in the range of 5 - 10 millions dollars. The top activity for fund was in 2014. The higher amount of exits for fund were in 2019. The fund is constantly included in 2-6 deals per year. The real fund results show that this VC is 15 percentage points more often commits exit comparing to other companies.

The fund was created by Patrik Backman. Besides them, we counted 10 critical employees of this fund in our database.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the OpenOcean, startups are often financed by Wellington Partners, Piton Capital, Louis Monier. The meaningful sponsors for the fund in investment in the same round are Tesi, Wellington Partners, Earlybird Venture Capital. In the next rounds fund is usually obtained by Tesi, Wellington Partners, Piton Capital.

We can highlight the next thriving fund investment areas, such as Mobile, SaaS. Among the various public portfolio startups of the fund, we may underline Booksy, MariaDB Corporation, Oppex For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund.

Read more
Latest deals
CompanyIndustryRoundRound SizeDateInvestorsLocation
Nosto
Analytics
Big Data
E-Commerce
Internet
Marketing Automation
Personalization
SEO
Software
Series B
7M18 Sep 2018 Finland, Helsinki
IQM
Computer
Hardware
Product Design
Quantum Computing
Seed
13M09 Jul 2019 Finland, Espoo
MindsDB
Computer
Enterprise Software
Machine Learning
Open Source
Predictive Analytics
Software
Seed
4M16 Apr 2020 United States, Berkeley
Tapdaq
Advertising
Advertising Platforms
App Marketing
Marketing
Series A
6M16 Jan 2016 United Kingdom, Westminster
Booksy
Beauty
E-Commerce
Marketplace
Mobile Apps
SaaS
Wellness
Series B
13M05 Jul 2018 Panama, San Francisco
NearGroup
Artificial Intelligence
Dating
Internet
Social Media
Seed
1M05 Oct 2017 Panama, San Francisco
Commerce Guys
Computer
E-Commerce
Open Source
Software
Series B
7M02 Jun 2014 United States, Greenville
Commerce Guys
Computer
E-Commerce
Open Source
Software
Series A
5M06 Mar 2012 United States, Greenville
Platform.sh
Cloud Management
Internet
Open Source
PaaS
Software
Series A
5M06 Mar 2012 France, Paris
Supermetrics
Analytics
B2B
Enterprise Software
Marketing
SaaS
Software
Series B
47M24 Aug 2020 Finland, Helsinki
Review
  • No reviews are submitted yet.
Do you want more?
We provide dozens of additional datapoints about this fund.
Sign up and get access to full fund profile and advanced analysis.
Full team
Industries heatmap
Stages heatmap
Georgaphy breakdown
Coinvestors
Portfolio analysis
Performance indexes
Latest highlights
Unlock all data
Do you represent OpenOcean?
Get access to manage this page
Get in touch
Found incorrect info? Let us know!
Crunchbase icon

Content report

The following text will be sent to our editors: