# OpenOcean: portfolio, investments and team

> OpenOcean is a vc firm based in Finland. 34 investments on record, 1 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/openocean (Millionrounds; every figure on the page links to its filing or article)

Finland · [Investor](https://millionrounds.com/investors)

# OpenOcean

Last cheque observed Oct 2026; 34 cheques on record.

Email

Deploying now New fund $112M, Mar 2025 VC firm

Pre-seed Seed Series A Enterprise Subscription Collaboration Tools

Follow OpenOcean and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fopenocean)

Deploying now

**100%** of best year **1** **cheques in 12 months**, 34 on record

Since the last cheque **18** days **00** hrs **00** min **00** sec

Median round **$14M** Cheque size, as they say **$1.0M – $5.0M** Rounds led **1 of 34** Sole investor **4 rounds** Mostly in **Finland, 38%**

Pitch OpenOcean

## OpenOcean highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A and Series B: 81% of its rounds
- 03 Sole investor in 4 rounds, median $1.3M

## What they do

> OpenOcean is a pan-European early-stage venture capital firm investing in technical teams reshaping knowledge work and the infrastructure required to scale it, across AI-native software, automation, and foundational technology. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Enterprise Subscription Collaboration Tools
- **Based in:** Helsinki, Finland
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **34 appearances**

- **2026** 1 round
- **Oct** **[Ubitium GmbH](https://millionrounds.com/company/ubitium-gmbh)** Seed · DE · Silicon Angle **$14M** With 5 others
- **2024** 1 round
- **Oct** **[Authologic](https://millionrounds.com/company/authologic)** Series A · PL · Silicon Canals **$8.2M** *Led*
- **2019** 2 rounds
- **Jul** **[IQM](https://millionrounds.com/company/iqm)** FI · FinSMEs **$13M** With 6 others
- **Jun** **[Bitrise](https://millionrounds.com/company/bitrise)** Series B · HU · FinSMEs **$20M** With 4 others
- **2018** 4 rounds
- **Oct** **[LoopMe](https://millionrounds.com/company/loopme)** GB · FinSMEs **$17M** With 3 others
- **Sept** **[Nosto](https://millionrounds.com/company/nosto)** FI · FinSMEs **$7.4M** With 2 others
- **Jul** **[Verto Analytics](https://millionrounds.com/company/verto-analytics)** FI · FinSMEs **$13M** With 2 others
- **Feb** **[Unacast](https://millionrounds.com/company/unacast)** NO · FinSMEs **$18M** With 2 others
- **2017** 2 rounds
- **Jul** **[Nosto](https://millionrounds.com/company/nosto)** FI · FinSMEs **$17M** With 1 other
- **Mar** **[LoopMe](https://millionrounds.com/company/loopme)** GB · FinSMEs **$10M** With 3 others
- **2016** 1 round
- **Aug** **[HeavenHR](https://millionrounds.com/company/heavenhr)** Series A · DE · TechCrunch **$6.7M** With 1 other
- **2015** 3 rounds
- **Nov** **[Oppex](https://millionrounds.com/company/oppex)** Series A · FI **$2.3M** With 1 other
- **Apr** **[EyeEm](https://millionrounds.com/company/eyeem)** Series B **$18M** With 5 others
- **Feb** **[RapidMiner](https://millionrounds.com/company/rapidminer)** Series B · US **$15M** With 3 others
- **2014** 8 rounds
- **Oct** **[Truecaller](https://millionrounds.com/company/truecaller)** Series C · SE **$60M** With 5 others
- **Sept** **[Verto Analytics](https://millionrounds.com/company/verto-analytics)** Series B · US **$2.4M** With 1 other
- **Sept** **[import.io](https://millionrounds.com/company/import-io)** Seed · GB **$3.0M** With 9 others
- **Jul** **[Nosto](https://millionrounds.com/company/nosto)** Series A · FI **$5.5M** With 3 others
- **Jun** **[Commerce Guys](https://millionrounds.com/company/commerce-guys)** Series B · US **$7.3M** With 3 others
- **Mar** **[AppGyver](https://millionrounds.com/company/appgyver)** Seed · US **$2.5M** With 1 other
- **Mar** **[LoopMe](https://millionrounds.com/company/loopme)** Series A · GB **$3.0M** With 2 others
- **Feb** **[Truecaller](https://millionrounds.com/company/truecaller)** Series B · SE **$19M** With 2 others
- **2013** 4 rounds
- **Nov** **[RapidMiner](https://millionrounds.com/company/rapidminer)** Series A · US · techcrunch.com **$5.0M** With 3 others
- **Oct** **[MariaDB](https://millionrounds.com/company/mariadb)** Series B · FI · techcrunch.com **$20M** With 4 others
- **Jul** **[EyeEm](https://millionrounds.com/company/eyeem)** Series A · DE · techcrunch.com **$6.0M** With 3 others
- **Apr** **[Nosto](https://millionrounds.com/company/nosto)** Seed · FI · techcrunch.com **$2.8M** With 1 other
- **2012** 4 rounds
- **Dec** **[Nordic TeleCom](https://millionrounds.com/company/nordic-telecom)** Series A · FI · arcticstartup.com **$1.3M** Sole investor
- **Sept** **[Truecaller](https://millionrounds.com/company/truecaller)** Series A · SE · techcrunch.com **$1.3M** Sole investor
- **Apr** **[MariaDB](https://millionrounds.com/company/mariadb)** Series A · FI · venturebeat.com **$4.0M** With 1 other
- **Mar** **[Commerce Guys](https://millionrounds.com/company/commerce-guys)** Series A · US · techcrunch.com **$5.0M** With 2 others
- **2011** 1 round
- **Dec** **[Zentyal](https://millionrounds.com/company/zentyal)** Series A · ES · techcrunch.com **$1.0M** Sole investor
- **2009** 2 rounds
- **Feb** **[Ironstar Helsinki](https://millionrounds.com/company/ironstar-helsinki)** FI **Undisclosed** Sole investor
- **Feb** **[WOT Services Ltd.](https://millionrounds.com/company/wot-services-ltd)** Series B · FI **Undisclosed** With 2 others
- **Undated** 1 round
- **-** **[Arbio](https://millionrounds.com/company/arbio)** Series A · Firms' own news pages **$36M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **15** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Who backs their funds

## 2 LPs on record in OpenOcean's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: fund news.

- [**Isomer Capital** 1 fund](https://millionrounds.com/fund/isomer-capital) Fund Vintage Committed OpenOcean fourth main venture fund - -
- [**European Investment Fund** 1 fund](https://millionrounds.com/fund/european-investment-fund-eif) Fund Vintage Committed OpenOcean fourth main venture fund - -

## What they claim to have backed

From their own portfolio page (on their website)

**30** of 46 we have independently watched raise

[Appgyver](https://millionrounds.com/company/appgyver)[Arbio](https://millionrounds.com/company/arbio)[Authologic](https://millionrounds.com/company/authologic)[Binalyze](https://millionrounds.com/company/binalyze)[Bitrise](https://millionrounds.com/company/bitrise)[Booksy](https://millionrounds.com/company/booksy)[Cambri](https://millionrounds.com/company/cambri)[Droppe](https://millionrounds.com/company/droppe)[Embeddable](https://millionrounds.com/company/embeddable)[Eyeem](https://millionrounds.com/company/eyeem)[Heavenhr](https://millionrounds.com/company/heavenhr)[Hygraph](https://millionrounds.com/company/hygraph)[Latticeflow](https://millionrounds.com/company/latticeflow)[Loopme](https://millionrounds.com/company/loopme)[Mariadb](https://millionrounds.com/company/mariadb)[Mindsdb](https://millionrounds.com/company/mindsdb)[Mysql](https://millionrounds.com/company/mysql)[Nordictelecom](https://millionrounds.com/company/nordic-telecom)[Nosto](https://millionrounds.com/company/nosto)[Operations1](https://millionrounds.com/company/operations1)[Passfort](https://millionrounds.com/company/passfort)[Platform](https://millionrounds.com/company/platform-sh)[Rapidminer](https://millionrounds.com/company/rapidminer)[Surglogs](https://millionrounds.com/company/surglogs)[Tapdaq](https://millionrounds.com/company/tapdaq)[Thimble](https://millionrounds.com/company/thimble)[Truecaller](https://millionrounds.com/company/truecaller)[Unacast](https://millionrounds.com/company/unacast)[Zentyal](https://millionrounds.com/company/zentyal)[api.video](https://millionrounds.com/company/api-video) Dreamfold Favrit Getpurpledot Import Leadoo Levels Meetiqm Outlyer Personalyze Sitegeist-robotics Strong Sunlight Supermetrics Useminerva Workfellow kevin.eu

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$112M**

raised in Mar 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$14M** the round, not its cheque Alone, median **$1.3M**

Led 1 of 34 rounds **3%**

- **Said size:** $1.0M – $5.0M
- **Sole investor:** 4 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series A said *13*
- Series B said *8*
- Seed said *4*
- Series C *1*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Earlybird Venture Capital](https://millionrounds.com/fund/earlybird) 4
- [Wellington Partners](https://millionrounds.com/fund/wellington-partners) 4
- [Finnish Industry Investment](https://millionrounds.com/fund/finnish-industry-investment) 3
- [Alven](https://millionrounds.com/fund/alven) 2
- [Atlantic Labs](https://millionrounds.com/fund/atlantic-labs) 2
- [Conor Venture Partners](https://millionrounds.com/fund/conor-venture-partners) 2

**Pitching OpenOcean?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as OpenOcean. A count of rooms they were both in, not a relationship either has claimed.

[**Earlybird Venture Capital** VC firm **4** rounds together](https://millionrounds.com/fund/earlybird)[**Wellington Partners** VC firm **4** rounds together](https://millionrounds.com/fund/wellington-partners)[**Finnish Industry Investment** Investment firm **3** rounds together](https://millionrounds.com/fund/finnish-industry-investment)[**Alven** VC firm **2** rounds together](https://millionrounds.com/fund/alven)[**Atlantic Labs** VC firm **2** rounds together](https://millionrounds.com/fund/atlantic-labs)[**Conor Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/conor-venture-partners)[**David Axmark** Angel **2** rounds together](https://millionrounds.com/fund/david-axmark)[**Initial Capital** VC firm **2** rounds together](https://millionrounds.com/fund/initial-capital)[**Isai** VC firm **2** rounds together](https://millionrounds.com/fund/isai)[**Passion Capital** VC firm **2** rounds together](https://millionrounds.com/fund/passion-capital)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Stefan Lennhammer** Angel **2** rounds together](https://millionrounds.com/fund/stefan-lennhammer)

## Recently backed

The latest companies OpenOcean put money into.

[**Bitrise** $20M · Jun 2019](https://millionrounds.com/company/bitrise)[**LoopMe** $17M · Oct 2018](https://millionrounds.com/company/loopme)[**Nosto** $7.4M · Sept 2018](https://millionrounds.com/company/nosto)[**Verto Analytics** $13M · Jul 2018](https://millionrounds.com/company/verto-analytics)[**HeavenHR** $6.7M · Aug 2016](https://millionrounds.com/company/heavenhr)[**Arbio** $36M](https://millionrounds.com/company/arbio)

## Quick answers about OpenOcean

### What does OpenOcean invest in?

OpenOcean invests most often at Series A and Series B (81% of the rounds on record), in sectors such as Enterprise, Subscription and Collaboration Tools.

### How active is OpenOcean?

34 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has OpenOcean invested in recently?

Its most recent investments on record: Ubitium GmbH (Seed, Oct 2026), Authologic (Series A, Oct 2024) and IQM (Undisclosed round, Jul 2019).

### How big are OpenOcean's cheques?

The median round it joins is $14M. It says it writes cheques of $1.0M to $5.0M.

### Does OpenOcean lead rounds?

Sometimes: it led 1 of its 34 investments on record (3%).

### Where does OpenOcean invest?

Most of the companies it backs are in Finland (38%), the United States (19%) and the United Kingdom (13%).

### Is OpenOcean investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does OpenOcean invest alongside?

Most often Earlybird Venture Capital (4 rounds together), Wellington Partners (4 rounds together) and Finnish Industry Investment (3 rounds together).

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