Open Ocean, a Helsinki, Finland-based early stage venture capital firm, has launched a €100m fund.
Backers include the European Investment Fund, Finnish Industry Investment, Fund of Fund Growth II and other institutional and private investors.
The fund will make Series A investments, with the capacity to select Series B opportunities, in startups developing enterprise SaaS, market networks, cloud infrastructure, big data/machine learning and mobile solutions.
In conjunction with the close of the fund, Firestartr’s co-founder Richard Muirhead will be joining the firm as general partner. Richard will recruit and lead the London office to source British and European software companies.
Led by Michael “Monty” Widenius, Tom Henriksson, Patrik Backman, Ralf Wahlsten Open Ocean has invested in Truecaller, Oppex, EyeEm, Import.io, Tapdaq, etc.