VC firm Oxx says SaaS startups should avoid high-risk growth models – TechCrunch

‘The businesses that greatest meet their prospects’ wants at all times find yourself profitable’


Steve O’Hear

@sohear
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eight hours

Oxx, a European enterprise capital agency co-founded by Richard Anton and Mikael Johnsson, this month introduced the closing of its debut fund of $133 million to again “Europe’s most promising SaaS corporations” at Sequence A and past.

Launched in 2017 and headquartered in London and Stockholm, Oxx pitches itself as one in every of just a few European funds centered solely on SaaS, and says it would make investments broadly throughout software program purposes and infrastructure, highlighting 5 key themes: “information convergence & refinery,” “future of labor,” “monetary companies infrastructure,” “consumer empowerment” and “sustainable enterprise.”

Nonetheless, its standout USP is that the agency says it desires to be a extra affected person type of capital than buyers who’ve a inflexible Silicon Valley SaaS mindset, which, it says, usually locations development forward of constructing long-lasting companies.

I caught up with Oxx’s co-founders to dig deeper into their pondering, each as regards to the agency’s remit and funding thesis, and to be taught extra in regards to the pair’s criticism of the prevailing enterprise capital mannequin they are saying usually pushes SaaS corporations to prioritize “develop in any respect prices.”

TechCrunch: Oxx is described as a B2B software program investor investing in SaaS corporations throughout Europe from Sequence A and past. Are you able to be extra particular concerning the scale of verify you write and the sorts of corporations, geographies, applied sciences and enterprise fashions you might be specializing in?

Richard Anton: We’ll lead funding rounds wherever within the vary $5-20 million in SaaS corporations. Some themes we’re particularly enthusiastic about embrace information convergence and the refining and utilization of information (suppose purposes of machine studying, for instance), the way forward for work, monetary companies infrastructure, end-user empowerment and sustainable enterprise.

The post VC firm Oxx says SaaS startups should avoid high-risk growth models – TechCrunch appeared first on gariwerd.com.



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