Partner, OIF Ventures
Stories naming Laurence Schwartz. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
OIF Ventures has locked in $55 million from investors for a new Opportunity Fund aimed at later-stage tech companies, and the article recalls its earlier backing of Advanced Navigation and Go1.
OIF Ventures has gathered $55 million toward a new Opportunity Fund with a $75 million goal, backed by several tech founders, and has put $4 million into Advanced Navigation's $108 million round.
Amid the tech downturn, a roundup of five Australian companies that recently secured backing: Behaviol, LUMOS, Zipr, Envirma, plus OIF Ventures closing its third fund at $140 million.
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OIF Ventures has closed its third fund at $140m, beating its original $100m target, with founder backers including Peter Lilley and Andrew Barnes; earlier trade sales underpin its strong returns.
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Biza.io, a Brisbane consumer-data-right compliance startup, has closed a $7.5m Series A with OIF Ventures and Jelix Ventures — its first raise after bootstrapping to profitability under founder Stuart Low, a former Rabobank innovation head.
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OIF says its early stake in Israeli cybersecurity firm XM Cyber, bought by Schwarz Group for US$700 million, returned the firm's entire first fund; Macquarie and others joined its 2020 Series B.
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OIF has upsized its second fund's target to $100m from $75m, with $50m committed at an August 2020 first close and $30m more banked by February 2021; $20m deployed across twelve startups so far.
Circle In, a platform helping employers support employees through parental leave and working parenthood, has raised a $1.5 million seed round from Our Innovation Fund, with its founders and the fund's partner welcoming the partnership.
An Our Innovation Fund partner argues New York should be the first US expansion destination for Australian B2B SaaS founders, noting several portfolio companies recently raised from American venture firms.