Oxx, a relatively new European venture capital firm founded by Richard Anton and Mikael Johnsson, has raised $133 million to back “Europe’s most promising SaaS companies” at Series A and beyond.

Headquartered in London and Stockholm, the VC is pitching itself as a dedicated SaaS-focussed fund, and will invest broadly across software applications and infrastructure.

Its investment thesis highlights five key themes: “data convergence & refinery”, “future of work”, “financial services infrastructure”, “user empowerment”, and “sustainable business”. The firm also says it wants to be more a more patient form of capital than investors with a rigid Silicon Valley SaaS mindset, which, it says, often places growth ahead of building a sustainable business.

The fund counts a number of LPs such as British Patient Capital,

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