Growth Capital Firm Oxx Closes Debut Fund at $100 Million Cap

London and Stockholm-based growth capital firm Oxx Ltd. has closed its debut fund Oxx I, reaching a cap of $100 million, the company announced Thursday.

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Launched in 2017 by veterans of technology investment company Amadeus Capital Partners, Oxx is focused on scale-up stage companies developing business-to-business (B2B) software, operating in the U.K., the Nordics, and Israel and looking to expand internationally. The first fund will participate in $5 million to $20 million funding rounds.

The largest investor in the fund is British Business Bank Investments Ltd., the investment arm of state-owned British Business Bank PLC. Additional funding was secured from institutional and private investors in the U.K., Germany and the Nordics as well as through a strategic partnership with Jerusalem-based equity crowdfunding company OurCrowd Management Ltd., announced in November. Oxx’s portfolio companies include Nasdaq-listed cybersecurity company Forescout Technologies Inc., and e-commerce company ClickTale Ltd., both originally founded in Israel, as well as Herzliya, Israel-headquartered mobile engagement company Celltick Technologies Ltd.