Oxx, a London and Stockholm-based growth capital firm investing in B2B software companies, completed the first close of its debut fund, Oxx I, with a total of $100m in funds under management so far.
Oxx I reached its first close target with backing from a range of significant institutions, family offices and HNWs, including British Business Investments, the commercial arm of the British Business Bank, individuals including Amadeus Capital co-founder Hermann Hauser KBE and Dr. Robert Easton, currently Pro-Vice-Chancellor of Oxford University and the former head or co-head of several Carlyle Group funds.
Launched in January 2017 by Richard Anton and Mikael Johnsson, Oxx focuses on businesses from the UK, Nordic region and Israel and invests growth stage capital in business-to-business software companies looking to expand internationally.
The fund will participate in funding rounds of $5 million to $20 million and it is actively working on new investments.
Oxx has invested in Apica, an infrastructure software provider, Clicktale, a customer experience analytics platform, Thinktank, a cloud-based stakeholder engagement system for enterprises, Celltick, a global leader in mobile marketing and monetization, and Zift, a channel sales, marketing and operations technology.
In October 2017, ForeScout (NASDAQ: FSCT), which it manages on behalf of Amadeus, completed its IPO.
The firm also signed a strategic partnership with OurCrowd, one of the world’s largest equity crowdfunding platforms, based in Israel.