Skip to main content

Ex-MySQL, Nokia Execs Close $60 M Fund For Europe-Focused VC Firm Open Ocean


Exclusive - Open Ocean, a recently established venture capital firm co-founded by the investors who closed the $1 billion sale of MySQL to Sun Microsystems, has just finalized its Fund Three with approximately $60 million (40 million euros) in capital in the first closing, TechCrunch has learned.
The fund kicks off the first widespread outreach from the former MySQL and Nokia team members to founders and startups primarily based in Europe; the focus of the new fund will be squarely on community and open source software ventures.
Open Ocean’s strategy is to start investments at approximately $1 million – with additional performance-based rounds totaling up to $8 million – usually translating to a 10-40% stake in portfolio companies.
Current investments include SkySQL, WOT, MoSync and Ironstar Helsinki.
The firm is led by partners Patrik Backman, Ralf Wahlsten (who both previously worked for MySQL) and former Nokia executive Tom Henriksson, as well as Michael “Monty” Widenius, the original developer of the MySQL database and co-founder of MySQL.

Comments

Popular posts from this blog

Kurumsal Dijitalleşme mi yoksa Dijital Kurumsallaşma mı? (+Anket)

EÄŸer benim gibi siz de iÅŸinizin önemli bir bölümünü pazar araÅŸtırması yaparak geçiriyorsanız muhtemelen siz de en az benim kadar Türkiye'de pazar verisine ulaÅŸmanın ne kadar zor olduÄŸu hakkında defalarca ÅŸikayet etmiÅŸ ve sonunda yaratıcı yollar keÅŸfetme yolunu tercih etmiÅŸsinizdir. Bunun sebebinin analitik düşünceye ihtiyacımızın olmaması mı, tembellik mi, kısa vadeli düşünmemiz mi yoksa insanüstü tahmin ve öngörü yeteneklerine sahip olmamız mı emin deÄŸilim. "Y  ou can’t manage what you can’t measure " - "Ö  lçemedeÄŸiniz ÅŸeyi yönetemezsiniz " Her ne kadar bu söz, günümüze  yanlış  bir ÅŸekilde aktarılmış olsa da, kendi içerisinde kısmi bir doÄŸruluk barındırmakta. Aslında bu söz ile anlatılmak istenen, Ã¶lçerek herÅŸeyin yönetilemeyeceÄŸi fakat sonuçları iyileÅŸtirmek için süreçlerin ölçülmesi ve takip edilmesinin önemli olduÄŸudur.  Sözün asıl sahibi W. Edward Deming, verinin ve gözlemin önemini aÅŸağıdaki sözüyle çok güzel bir ÅŸekilde anlatmaktadır....

Entrepreneurial Mindset

A Creative Way to Meet Investors - UberX

Have a cool startup idea, and want to get it funded? You could go the traditional route, blindly sending your pitch deck to every VC in Silicon Valley. Or you could follow investors on Twitter, hoping that through casual badinage you can win the hearts (and eventually, the wallets) of your startup's money source.  Or maybe, just maybe, you should drive for Uber. UberX Lowers The Bar Yes, Uber, the popular mobile app that connects drivers with people who need a lift. Founded in 2009 as UberCab, Uber has become the go-to app for hailing a sedan in markets like San Francisco, New York City and London. And while historically Uber operators have been commercial sedan drivers filling time between jobs their employer provides them, Uber's introduction of UberX in July 2012 has opened the service to cars and drivers of all kinds. This means that not only will you be picked up in a Toyota Prius or Volkswagen Jetta instead of a Lincoln Town Car, but you're also going...