Oxx’s $133 Million Fundraising

Morrison & Foerster has advised Oxx, the focused B2B software investor, on its $133 million fundraise to back Europe’s most promising SaaS companies from series A and beyond.

Oxx was founded by VC veterans Richard Anton and Mikael Johnsson, and invests broadly across software applications and infrastructure. The fund is backed by leading investors, including British Patient Capital and a number of institutions, family offices, and high-net-worth individuals.

Headquartered in London and Stockholm, Oxx has already invested in the likes of Funnel, which automates marketing performance reporting and intelligence for businesses; Apica, a performance monitoring platform for large enterprises; and Codility, a comprehensive tech recruiting platform for hiring at scale. Oxx wants to change the ‘growth at all costs’ mindset of B2B software investment. That’s why it encourages portfolio companies to build sustainable businesses that can retain market dominance, rather than push for an oversimplified, one-size-fits-all ‘growth at all costs’ model.

The MoFo deal team advising Oxx was led out of London by Funds partner Rob Mailer (Picture), together with Funds associates Xun Ning Choong and Eliska Macnerova, Corporate/Financial Regulation of counsel Yulia Makarova, and Employment/Privacy partner Annabel Gillham.

Involved fees earner: Xun Ning Choong – Morrison Foerster; Eliska Macnerova – Morrison Foerster; Rob Mailer – Morrison Foerster; Yulia Makarova – Morrison Foerster;

Law Firms: Morrison Foerster;

Clients: Oxx;