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.
For daily updates, subscribe to our newsletter by clicking here.
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.