VC agency Oxx says SaaS startups ought to keep away from high-risk development fashions – theinformationsuperhighway

"The companies that best meet their customers' needs always win."

Steve O & # 39; Hear

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15 hours

Oxx, a European The venture capital firm, co-founded by Richard Anton and Mikael Johnsson, announced this month that it would close its $ 133 million debut fund to help “Europe's most promising SaaS company” on Series A and beyond.

Oxx was founded in 2017 and is headquartered in London and Stockholm. The company is one of the few European funds that focus exclusively on SaaS. The company will invest heavily in software applications and infrastructure, highlighting five key themes: "Data Convergence and Refining". "Future of Work", "Financial Services Infrastructure", "User Empowerment" and "Sustainable Business".

The unique selling point, however, is that the company seeks a more patient form of capital than investors with a rigid SaaS mindset in Silicon Valley, where growth is often ahead of building long-lived businesses.

I met with Oxx co-founders to deepen their considerations, both in terms of the area of ​​responsibility and the company's investment thesis, and to learn more about the couple's criticism of the prevailing venture capital model, the SaaS- Often pushing companies to prioritize "growth" at all costs. "

theinformationsuperhighway: Oxx is described as a B2B software investor who invests in SaaS companies across Europe from Series A and beyond. Can you describe in more detail the size of the check you issue and the types of companies, regions, technologies and business models you focus on?

Richard Anton: We will conduct funding rounds in SaaS companies in the $ 5-20 million range. Topics to look forward to include data convergence, data refinement and use (e.g. machine learning applications), the future of work, financial services infrastructure, empowering end users, and sustainability economies.