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Oakley Capital Investments backs PROFounders III

221215 oci profounders

Oakley Capital Investments has committed €30m to Oakley Capital PROfounders Fund III, a venture capital fund focused on investments in entrepreneur-led, private businesses across Europe and part of the Oakley Capital family of funds.

The announcement says that “Reflecting Oakley’s entrepreneurial ethos and investment strategy, PROfounders III will continue its proven investment strategy, leveraging its unique origination network to find attractive investment opportunities, and backing business models that use technology to improve and transform customer experiences.”

PROfounders Capital has backed over 50 companies to date, many of which have gone on to become unicorns, or billion-dollar revenue companies. They include tourist activity platform Getyourguide, Finnish mobile games developer Small Giant Games and mobile software platform Unity.

PROfounders was set up in 2009 and targets mainly European early stage businesses looking for £/€ 1-3m.

Oakley Capital Investments’s commitment to PROfounders III takes its total outstanding commitments to the Oakley Funds to about £900m. This will be deployed into new investments over the next five years. The trust’s total liquidity as at 15 December is £208m, comprising £108m of cash on the balance sheet, and a £100m undrawn credit facility.

OCI : Oakley Capital Investments backs PROFounders III

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