OpenOcean has successfully raised €100 million for its new fund, focusing on early-stage AI-driven software companies across Europe.

Information on the Target

OpenOcean, a Finnish venture capital firm founded in 2008, specializes in investing in early-stage European software companies that leverage data-driven technologies. The firm is recognized for its focus on seed and Series A funding rounds, typically investing between €2-6 million as initial stakes. With a portfolio that includes prominent Finnish companies such as Supermetrics, IQM, and Cambri, OpenOcean aims to empower and support startups in achieving global market leadership through innovative data utilization.

Recently, OpenOcean announced the successful gathering of €100 million in commitments for its new fund, targeting a final goal of €130 million. This fund will primarily invest in early-stage AI-driven software companies across Europe, further strengthening OpenOcean's commitment to fostering the expansion of local and European software firms.

Industry Overview in Finland

The venture capital landscape in Finland is experiencing robust growth, fueled by increasing investments in technology and innovation. The government and private sectors are driving initiatives to enhance the startup ecosystem, making it an attractive