Oxx holds first close on $100m

The fund was launched shortly after partners Mikael Johnsson and Richard Anton left their roles at Amadeus in January 2017. The vehicle is targeting $160m.

Oxx I will target companies in the UK, the Nordic region and Israel with a view to assisting them with their expansion to the US.

Oxx also plans to expand its operations to other parts of continental Europe in the future, possibly the DACH region, general partner Richard Anton told Unquote.

Investors
British Business Investments is the largest LP in the new fund, which was also backed by family offices and high-net-worth individuals from the DACH and Nordic regions.

Amadeus co-founder Herman Hauser invested in the vehicle, as did Robert Easton (formerly of The Carlyle Group). The fund also raised capital using OurCrowd, an equity crowdfunding platform.

Investments
The vehicle will take part in funding rounds between $5-20m with an average equity ticket of $10-12m. It expects to make 10-12 investments over the next three to five years. Three investments that Oxx has already made will be transferred to the fund: Thinktank, Zift and Apica. Oxx also manages Forescout, Clicktale and Celltick on behalf of Amadeus.

It will target B2B software companies in the UK, the Nordic region and Israel, and assist them with expanding their operations to the US.

People
Oxx – Richard Anton, Mikael Johnsson (general partners).

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