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General Information
Phone+ 358 40 507 5024


Fund III, 5/2011 €45.6M


Pohjoisesplanadi 31
4th floor
Helsinki, 00100, FIN


CEO & Partner
Member of Board of Directors
Member of Board of Directors


Open Ocean

Open Ocean is an early-stage venture capital firm, focusing on disruptive European start-ups developing enterprise software and utilizing user-base business models.

Open Ocean was the first major owner of MySQL Ab, which was later sold to Sun Microsystems for $1 billion in 2008. Open Ocean leverages its direct experience as the founders of MySQL to provide hands-on support to the management of companies receiving Open Ocean’s funding.

Open Ocean is led by partners Patrik Backman, Ralf Wahlsten and Tom Henriksson and by “community and open source wizard” Michael “Monty” Widenius, the original developer of the MySQL database and co-founder of the company MySQL Ab.

For more information, visit us at

Recent Milestones


Company Date Round Size Participants
Truecaller 2/2014Series B$18.8M3
RapidMiner 11/2013Series A$5M4
SkySQL 10/2013Series B$20M5
Nosto 4/2013Seed$2.8M2
Nordic TeleCom 12/2012Series A$1.3M1
Truecaller 9/2012Series A$1.3M1
SkySQL 4/2012Series A$4M2
Zentyal 12/2011Series A$1M1
Ironstar Helsinki 2/2009Venture Round1
WOT Services Ltd. 2/2009Venture Round3



  1. Open Ocean Capital Holds First Close of Fund Three at €40M ( [edit]
  2. Truecaller Lands $18.8M Series B From Sequoia, Partners With Yelp To Verify Business Numbers ( [edit]
  3. German Predictive Analytics Startup Rapid-I Rebrands As RapidMiner, Takes $5M From Open Ocean, Earlybird To Tackle The U.S. Market ( [edit]
  4. SkySQL Raises $20M To Support Open-Source Relational Database MariaDB ( [edit]
  5. Nosto Closes $2.8M Seed From Open Ocean Capital, SanomaVentures & Angels To Prep Full Launch Of Its Marketing SaaS-For-SMEs ( [edit]
  6. Nordic Telecom Gets Capital Injection From Open Ocean Capital ( [edit]
  7. Open Ocean Invests $1.3M To Push Crowdsourced Directory Truecaller’s Global Reach ( [edit]
  8. SkySQL raises $4M for database support services ( [edit]
  9. Open Ocean Invests $1 Million In Developer Of The Zentyal Linux Small Business Server ( [edit]
  10. Capital Report Index [edit]
  11. Capital Report Index [edit]
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Last Edited 2/6/14

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