News

OCI commits €30 million to Oakley Capital PROfounders Fund III

Oakley Capital
15.12.22
2 min read

Oakley Capital Investments Limited ("OCI") is pleased to announce it has committed €30 million to Oakley Capital PROfounders Fund III (“PROfounders III”), a venture capital fund focused on investments in entrepreneur-led, private businesses across Europe and part of the Oakley Capital family of funds. 

Reflecting Oakley’s entrepreneurial ethos and investment strategy, PROfounders III will continue its proven investment strategy, leveraging its unique origination network to find attractive investment opportunities, and backing business models that use technology to improve and transform customer experiences.

Get Your Guide

PROfounders III investments include Get Your Guide, tourist activity platform. 

Part of Oakley Capital Group, which invests across the life-cycle of entrepreneurial businesses, PROfounders Capital has backed over 50 companies to date, many of which have gone on to become unicorns, or billion-dollar-revenue companies. They include tourist activity platform Getyourguide, Finnish mobile games developer Small Giant Games and mobile software platform Unity.

OCI’s commitment to PROfounders III takes its total outstanding commitments to the Oakley Funds to c.£900 million. This will be deployed into new investments over the next five years. OCI’s total liquidity as at 15 December is £208 million, including £108 million of balance sheet cash, and £100 million of undrawn credit facility.

Quote Caroline Foulger

We’re excited to make a commitment to Oakley Capital PROfounders Fund III, continuing our strategy of investing in the Oakley Capital Private Equity Funds. PROfounders’ focus on early-stage companies will complement our existing, underlying portfolio of lower and mid-market businesses, while the Fund shares Oakley’s focus on backing disruptive, tech-enabled business models led by ambitious entrepreneurs. OCI has consistently delivered strong returns for our investors and we are confident that investing behind PROfounders III will help us sustain this track record.

Caroline Foulger

Chair — Oakley Capital Investments

Prof III Sean 2

Click here to watch an introduction to PROfounders

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