What Oxx does

Oxx is a London-headquartered boutique venture capital firm specializing in European B2B software investments at the scale-up stage. Operating under FCA authorization (FRN: 825289) as Oxx Ltd, the firm partners with founders who have already achieved product-market fit and are transitioning into repeatable go-to-market motions. Oxx typically leads or co-leads Series A and B rounds sized between $5 million and $25 million, deliberately limiting activity to roughly 3-4 new investments per year to provide intensive operational support. The firm maintains offices in London (regional HQ) and Stockholm, with explicit relationship depth across European ecosystems from Berlin to Tel Aviv.

The current fund, Oxx II, closed at $190 million in November 2023. Oxx's portfolio of 17 B2B SaaS companies spans AI applications, cybersecurity, data management, vertical SaaS, and CXO tools — including Moments Lab, Kodiak Hub, Codility, Funnel, Goodlord, Peak, Black Swan Data, CyberSmart, and SOCRadar. Beyond capital, Oxx productizes its support via proprietary assets including the Go-to-Market Fit Toolkit and the annual Rising Stars of Open Source report, plus curated access to a community of Silicon Valley investors and European operators. Recent lead investments (Kodiak Hub €6M in November 2024, Moments Lab $24M Series B in June 2025) increasingly emphasize US market expansion and AI-driven vertical software.

The firm's revenue model follows standard VC economics: management fees on committed capital plus carried interest on fund returns. ESG commitments are formalized through Diversity VC Standard Level II accreditation, UN SDG alignment, the Investing in Women Code, and active membership in VentureESG, positioning Oxx to attract sustainability-mandated LP capital. The senior team — co-founders and general partners Richard Anton and Mikael Johnsson, partner Phil Edmondson-Jones, and principal Gökçe Ceylan — combines investment and operating backgrounds from Beringea, OC&C, Bank of America Merrill Lynch, Deloitte Ventures, and Princeton/Cambridge education, anchoring the firm's specialist B2B SaaS positioning.

Name

Oxx

Legal name

Oxx Ltd

Website

https://oxx.vc

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Oxx is a London-based boutique venture capital firm specializing in European B2B software scale-ups, leading or co-leading $5-25 million Series A/B rounds in companies with proven product-market fit across AI, cybersecurity, and vertical SaaS sectors.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management Fees: VC firms typically charge management fees on committed capital to cover operational expenses.
2. Carried Interest: Performance-based carried interest from successful portfolio company exits, which is the primary profit driver for VC firms.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Oxx is a specialist venture capital firm that invests in European B2B software companies at the scale-up stage, typically leading or co-leading Series A or B rounds of $5–25 million in companies with proven product-market fit. Beyond capital, Oxx provides hands-on operational support covering go-to-market strategy, international expansion, hiring, and fundraising navigation. The firm is authorized and regulated by the UK Financial Conduct Authority and manages a $190 million fund dedicated to European SaaS investments.

Product overview

Oxx is a boutique venture capital firm specializing in European B2B software investments. Rather than offering a software product suite, Oxx provides investment capital and operational support to scale-up stage software companies. Their core offering is investment services (typically $5-25M Series A/B rounds), complemented by the Go-to-Market Fit Toolkit for portfolio support and the Rising Stars of Open Source annual research report. Their portfolio spans 17 companies across AI applications, cybersecurity, data management, vertical SaaS, and executive tools.

Differentiator

Problem solved

Functional benefit

Products and services

• Oxx Investment Services

Named customers16 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor.

• VentureESGminorStrategic or Co-development PartnerOxx is a member of the VentureESG initiative and community, a group of over 150 global venture capital funds driving the industry towards more consideration of ESG principles. Oxx was closely involved in crafting the VentureESG due diligence standard.
• Investing in Women CodeminorStrategic or Co-development PartnerOxx is a signatory to the Investing in Women Code, a commitment to support the advancement of female entrepreneurship in the United Kingdom by improving female entrepreneurs' access to tools, resources and finance from the financial services sector.
• UN Sustainable Development GoalsminorStrategic or Co-development PartnerOxx has chosen to follow the 17 principle UN SDG framework when assessing the possible positive sustainability impact a potential investee company may have.
• FutureVCminorStrategic or Co-development PartnerThrough involvement with the Diversity VC standard, Oxx is an active contributor to the FutureVC initiative supporting the next generation of venture capital professionals.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Notion Capital: European VC firm exclusively focused on B2B SaaS and enterprise software at Series A and B. Operates a boutique model with hands-on support similar to Oxx, making it the closest direct comparable in thesis and stage.
• Balderton Capital: London-based early-to-growth stage European VC with a strong B2B SaaS franchise. Targets similar Series A/B rounds and competes for the same European B2B software founder pool as Oxx.
• Northzone: Pan-European VC with a Nordic stronghold, having backed several breakout B2B SaaS companies. Competes with Oxx for similar Series A/B SaaS deals particularly in the Nordics and UK.
• Speedinvest: European early-growth VC with sector-focused funds including B2B software. Overlaps with Oxx in stage and geography, though generally more sector-specialized than Oxx's broad B2B SaaS mandate.
• Earlybird: Berlin-based European VC with a long-standing B2B software franchise. Competes with Oxx for European B2B SaaS deal flow, particularly in Germany and the DACH region.
• Creandum: Northern European VC firm focused on early-stage B2B software. Stockholm-based like Oxx, and competes for Nordic B2B SaaS deals at the Series A stage.
• Acton Capital: European growth-stage VC with a B2B software focus. Similar check size profile and European geographic mandate to Oxx, making it a direct comparable for both deal flow and LP competition.

Broad incumbents

• Atomico: Large European VC firm investing across stages including B2B software. Bigger fund sizes and broader scope than Oxx, but a direct competitor for highest-quality European SaaS deals.
• Index Ventures: Transatlantic VC with deep European roots and a strong B2B SaaS portfolio. Frequently competes with Oxx at Series B and beyond, though typically at much larger check sizes.

Regional players

• HV Capital: Germany-headquartered European VC with broad B2B software exposure. Overlaps with Oxx in stage and vertical but ties more closely to the DACH ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/oxxvc
• LinkedInlinkedin.com/company/oxxvc

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments26 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oxx