OpenOcean is a venture capital and private equity firm established in 2008. The firm was founded by Patrik Backman. Its headquarters is located in Helsinki, Finland with additional offices in Espoo, Finland, and London, United Kingdom. As of March 2019, the firm has 22 active companies in its portfolio and has sold off its ownership in 19 companies. Its most recent investment was in December 2018 for import.io, a company providing website data extraction platform for its customers.
OpenOcean focuses on funding companies that are based in the United States and Europe, with a focus on the Nordic and Baltic regions. The firm specializes in Series A investments. It provides funding for companies in these industries: enterprise software, big data, artificial intelligence, machine learning, adtech, and fintech. Since 2011, the firm has managed to raise a fund total of €149 million across three funding rounds. Its last one was raised in January 2019, amassing €24 million.
Michael "Monty" Widenius
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