Oakley Capital PROfounders Fund III

Strategic report / Venture Funds

PROfounders III:
Early-stage investing

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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.

 

Venture Funds / PROfounders III portfolio

OCI commitment

€30m

OCI is one of a number of investors that have invested in PROfounders, whose fund size is €77m, and at 30 June 2025 the fair value of OCI's investment is £7.0 million.

nilo.health

nilo.health, a German provider of employee mental health solutions, has demonstrated strong execution following its merger with Likeminded, reflected in continued growth in new bookings and good retention of customers.

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Frontnow

Based in Germany, Frontnow offers generative AI tools for e-commerce retailers.

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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 team is now focused on driving medium-term retention and monetisation for its game Puzzle Punks, and has recently secured an investment-in-kind which will see a big push in India.

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Scaleup Finance

Scaleup is a fractionalised CFO proposition for fast-growing SMEs, with operations in Denmark and the UK. Scaleup Finance is expecting to launch its AI-powered financial co-pilot ‘Nume’ soon and continue to build its waitlist.

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Inceptron

Inceptron is a Swedish software company building an inference platform for high-speed, low-cost, scalable production AI model deployment. With ever-increasing usage of expensive and energy-hungry AI models, the company is building a platform for cheaper running of AI models.

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Isla Care

Isla Care is a platform for clinicians to securely receive, review and store rich media data directly from patients. Isla Care has recently engaged in a high-profile initiative with leading senior personnel from relevant public healthcare institutions, piloting digital care pathways across three sites.

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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. The company is now focusing on institutionalising sales by recruiting experienced sales people to the team.

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ClimeFi

Based in France, ClimeFi helps companies reach their net-zero targets by facilitating access to high-quality and permanent carbon removal solutions. Despite navigating a fragmented landscape of regulations and corporate standards, the company has a growing pipeline of new client relationships.

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Qneiform

PROfounders Fund III participated in the seed round of Qneiform, a provider of talent intelligence software to recruiters and financial institutions. The Fund is looking to restructure its holding.

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Capalo AI

PROfounders Fund III participated in a €3.8 million seed funding round into Capalo AI, a Finnish energy technology company which maximises the value of energy storage systems and accelerates the green transition through its AI-powered virtual power plant.

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