Oakley Capital PROfounders Fund III

Early-stage investing 

PROfounders Fund III focuses on early-stage, venture capital investments in entrepreneur-led, private businesses, backing disruptive business models that leverage technology to improve and transform customer experiences. OCI has made a €30 million commitment to PROfounders Fund III.

nilo.health

Nilo Health, a German mental health solution for employees, achieved steady growth in the first half of 2024 despite some headwinds from customers downsizing in the tech sector. This progress is partly due to a move up market to enterprise customers.

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Frontnow

Based in Germany, Frontnow offers generative AI tools for e-commerce retailers. PROfounders Fund III invested as part of a €3.8 million round led by Peak Capital, with participation from Identity Ventures.

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Dash Games

Founded by experienced games veterans, Dash is a London-based studio working to build free-to-play mobile games. The game Puzzle Punks was soft-launched in March and has seen promising initial user metrics. The goals for the next quarter focus on retention, early monetisation, and an iOS release.

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Scaleup Finance

Scaleup is a fractionalised CFO proposition for fast-growing SMEs, with operations in Denmark and the UK. Scaleup has faced a challenging first half of the year with higher than expected churn. It has recently hired an experienced CPO who is spearheading the product in a new direction with increased automation and AI features.

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Inceptron

PROfounders Fund III closed an investment into this Swedish software company facilitating FPGA (Field-programmable gate array) programming as seamlessly as CPUs (central processing units) or GPUs (graphics processing units), reducing operational costs for AI models. PROfounders Fund III has invested as part of a €2 million round led by 42CAP, with participation from Dreamcraft. This capital is being used to drive core product development.

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Isla Care

A platform for clinicians to securely receive, review and store rich media data directly from patients. Isla Care celebrated a major trust rollout for London Northwest Healthcare in the first quarter of 2024, and has seen healthy user metrics over the past 6 months. The company is now focused on diversifying to non-NHS revenue streams, with a significant push towards US expansion.

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QA.tech

Based in Sweden, QA.tech specialises in training and deploying 'AI agents' for automated quality assurance testing of software. PROfounders Fund III led a €3 million seed round in Q2, joined by two co-investors, Curiosity and byFounders.

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CarbonX

Based in France, Carbon X helps companies reach their net-zero targets by facilitating access to high-quality and permanent carbon removal solutions. PROfounders Fund III participated in a €3.65 million round led by Redstone Ventures in Q2.

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