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.
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.