# OpenOcean

> OpenOcean is a VC fund backing Software and Information Technology. See 98 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Helsinki, Finland
- Total investments: 98
- Last investment: Feb 2026
- Lead investor: 42%
- Last fund: Jun 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/1222409
- X (Twitter): https://twitter.com/openoceanvc
- Website: https://openocean.vc
- Facebook: https://www.facebook.com/openoceanventurecapital/

OpenOcean is a thesis driven pan-European early-stage Venture Capital investor with offices in Helsinki and London. Our investment strategy focuses on leading or co-leading Series A investments in European companies driving the data economy with a focus on B2B platforms and Enterprise Software technology. Our investments are driven by three coretheses: Automation, Data Infrastructure and Future of Software Development, with initial average investment sizes of €5m. ‍ Our founding team members include key persons behind MySQL AB (sold to Sun Microsystems Inc. for $1 Billion in 2008), after which the team jointly built category leader MariaDB Corporation Ab, as well as forming and managing OpenOcean. Our DNA is rooted in having a deep understanding of the underlying technology and software stacks, which drive the growth of innovative new digital platforms and services. Our strong technical background and expertise allows us to identify and invest in the next game-changing and category winning start-tups at the early-stages, whose unique solutions can be rapidly scaled and adopted globally.

## Contacts

5 contacts available for OpenOcean. Shizune tracks 10 team members at OpenOcean. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/open-ocean?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2.8M–$11M |
| Series A | $2.3M–$22M |
| Series B | $7.3M–$30M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 28 | 29% |
| Information Technology | 12 | 12% |
| Artificial Intelligence | 8 | 8% |
| SaaS | 7 | 7% |
| Enterprise Software | 6 | 6% |

107 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 40 | 41% |
| Seed | 14 | 14% |
| Series B | 14 | 14% |
| Series C | 6 | 6% |
| Funding Round | 6 | 6% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Finland | 14 | 14% |
| United States | 10 | 10% |
| United Kingdom | 8 | 8% |
| Germany | 7 | 7% |
| France | 2 | 2% |

13 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Naureen Zahid | Investor Relations Director | 0 | https://shizune.co/investors/profile/naureen-zahid |
| Patrik Backman | General Partner | 34 | https://shizune.co/investors/profile/patrik-backman |
| Ralf Wahlsten | Chairman | 9 | https://shizune.co/investors/profile/ralf-wahlsten |
| Tom Henriksson | General Partner | 22 | https://shizune.co/investors/profile/tom-henriksson |
| Tony Nysten | Principal | 3 | https://shizune.co/investors/profile/tony-nysten |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Sitegeist | Sitegeist Robotics develops autonomous, modular construction robots to automate dangerous tasks like hydrodemolition, sandblasting, and drilling, boosting productivity and addressing labor shortages.Sitegeist Robotics primarily serves the construction industry, focusing on infrastructure renovation and building site operations. | $4.7M | Pre-Seed | Feb 16, 2026 |  |
| Arbio | Arbio is transforming the property management landscape for alternative accommodations by leveraging advanced AI technology. Our solutions drive higher revenue, increased profitability, and superior operational efficiency - setting a new industry benchmark.By combining data-driven insights with seamless automation, we optimize every aspect ofproperty performance, enhancing both owner returns and guest satisfaction.With a vision to redefine how properties are managed and monetized, Arbio is paving the way for a more efficient, profitable, and scalable future in the alternative accommodations market. | $40.9M | Series A | Jun 01, 2025 |  |
| Embeddable | Embeddable is a platform that simplifies the creation of custom analytics dashboards and visualizations by enabling end-users to tailor their own data views through a no-code interface. | $6.3M | Seed | Dec 12, 2024 |  |
| Surglogs | Surglogs streamlines and automates the administration of logbooks, medications, supplies, in-services, and drills in healthcare facilities. The outdated pen-and-paper method is replaced with a HIPAA compliant state of the art digital application, complemented with a desktop portal that serves as an administrative dashboard.Surglogs was founded in2015 and headquartered in California, United States. |  |  | Nov 20, 2024 |  |
| Surglogs | Surglogs streamlines and automates the administration of logbooks, medications, supplies, in-services, and drills in healthcare facilities. The outdated pen-and-paper method is replaced with a HIPAA compliant state of the art digital application, complemented with a desktop portal that serves as an administrative dashboard.Surglogs was founded in2015 and headquartered in California, United States. |  |  | Nov 20, 2024 |  |
| Authologic | Authologic is a system that helps businesses in checking the identity of their clients online.Authologic is a provider of identity verification solutions that includes tools for determining identity through online video, data, and digital IDs.Krzysztof Klimczak, Jarek Sygitowicz, and Marek Rogoziński founded Authologic in 2020 and is based inWarsaw, Poland. | $8.2M | Series A | Oct 22, 2024 |  |
| Cambri | Cambri is a concept testing software that helps global brands accelerate their innovation process. | $8.7M | Venture - Series Unknown | Oct 17, 2024 |  |
| Droppe | Droppe is a source-to-order platform that transforms the sourcing and ordering of packaging, paper, and operating supplies. With Droppe, companies can spend less, order faster, and sleep better with more control. | $4.2M | Seed | Jun 18, 2024 |  |
| Purple Dot | Purple Dot creates best-in-class pre-order experiences for e-Commerce. With Purple Dot, brands no longer need to be restricted to only selling stock once it’s in the warehouse. Through powering hyped influencer drops, ‘never go out of stock’ strategies, and derisking supply chain, Purple Dot enables modern eCommerce brands to sell more by sellingearlier. | $10.1M | Series A | May 14, 2024 |  |
| Workfellow | Workfellow is a work intelligence platform to accelerate enterprise digital transformation journey. Plug-and-play to see the next best development cases all the time | $3.1M | Series A | Feb 07, 2024 |  |

10 of 98 investments shown.

## Co-investors
- [Tesi](https://shizune.co/investors/profile/tesi) — VC Fund, 13 deals together
- [Wellington Partners](https://shizune.co/investors/profile/wellington-partners) — VC Fund, 8 deals together
- [Earlybird Venture Capital](https://shizune.co/investors/profile/earlybird-venture-capital) — VC Fund, 7 deals together
- [Alven](https://shizune.co/investors/profile/alven-capital) — VC Fund, 4 deals together
- [Conor Venture Partners](https://shizune.co/investors/profile/conor-venture-partners) — VC Fund, 4 deals together
- [Eurazeo](https://shizune.co/investors/profile/eurazeo-com) — VC Fund, 4 deals together

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## FAQ

### What does OpenOcean invest in?

OpenOcean invests primarily in Software, Information Technology and Artificial Intelligence startups, most often at Series A and Seed stage. Most of the 98 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is OpenOcean's check size?

OpenOcean typically joins rounds of $2.8M–$11M at Seed, $2.3M–$22M at Series A and $7.3M–$30M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds OpenOcean participates in.

### How do I contact OpenOcean?

Public channels for OpenOcean include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at OpenOcean?

The team at OpenOcean includes Naureen Zahid (Investor Relations Director), Patrik Backman (General Partner) and Ralf Wahlsten (Chairman), among 10 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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