Oakley Touring Venture Fund ('Oakley Touring' or 'Touring')
Next generation software fund
Touring was founded in 2023 as a dedicated fund to invest in and grow a new generation of enterprise software companies globally. It brings together a diverse and highly technical team who have previously worked together to build a number of global venture investing franchises, including Qualcomm Ventures and M12, Microsoft’s venture fund.
Next generation software The team will be investing a dedicated pool of capital, targeting a strong pipeline of investment opportunities in proven next-generation software businesses for the modern worker, powered by generative AI.
Focused on growth prospects Touring will focus primarily on Series B and C venture opportunities, investing in proven businesses with strong and efficient growth prospects.
Fund commitment
OCI is one of a number of investors who have invested in Touring as at 31 December 2023
$100m
Pixis
AI-powered infrastructure platform that enables marketers to achieve significantly improved marketing performance through campaign automation and optimisation. Since acquisition in Q3 2023, Pixis saw continued sales momentum, particularly across the expansion opportunities with existing enterprise logos, and continues its agency acquisition strategy to drive margin uplift.
Netradyne
Based in San Diego, Netradyne is a leading provider of fleet management software that pairs cutting-edge AI with real-time video monitoring to create a safe driving system. Since acquisition in Q4 2023, Netradyne demonstrated continued growth, with the non-Amazon segment delivering very healthy growth at 79% year-on-year (y-o-y).
Numa
Provider of AI-powered communications software that enables service departments of US automotive retail dealerships to automate and enhance customer service operations. Numa has continued its strong growth trajectory following acquisition in the last quarter of 2023. The business delivered strong sales momentum, penetrating independently-owned dealerships and a handful of the largest dealership groups in the US, including Penske and Lithia.
Exaforce
Founded in 2023 and headquartered in California, Exaforce is a cybersecurity software company for cloud security operations teams. The cybersecurity market is large and growing, with several viable avenues for Exaforce to capture wallet share. Exaforce has seen strong sales momentum since acquisition in Q4 2023, signing new customers in the period with more to follow. The business is refining its core value proposition following customer feedback, to become the PowerBI or Tableu equivalent for product cubersecurity data.