Laurence Schwartz

OIF Ventures Launches $55 million Opportunity Fund

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.

Tech founders pile in as VC fund raises $55m in a week

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.

Also SmartCompany·TechCrunch Australia

Five Aussie startups and firms receiving major cash injections despite the tech downfall

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.

Also SmartCompany

VC fund defies the downturn, raising $100m in 24 hours

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.

Also OIF Ventures portfolio·OIF Ventures portfolio·OIF Ventures portfolio·OIF Ventures portfolio·Startup Daily·Startup Daily·Techboard·Startup Daily·SmartCompany·Startup Daily·Techboard·Techboard·Australian FinTech

Former bank exec finds funding for profitable fintech

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.

Also OIF Ventures portfolio·OIF Ventures portfolio·Startup Daily·Australian FinTech·Startup Daily·Techboard·Startup Daily·Australian FinTech·Australian FinTech·Australian FinTech·Australian FinTech

OIF, Macquarie win big from $US700m XM Cyber acquisition

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.

Also OIF Ventures portfolio·OIF Ventures portfolio·Startup Daily

Founders tip in cash for upsized OIF

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.