Observed Signal · Mar 17, 2025 · Interview & Analysis · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Oxx VC: AI Overhyped Short-Term, Underinvested Long-Term
Oxx venture capital partner Mikael Johnsson argues that AI is overhyped in the short term but underinvested in the long term. He emphasizes the need for robust data infrastructure—a 'data refinery'—to aggregate scattered enterprise data before AI can deliver value. Oxx, which closed its second fund at $190 million in December 2023, focuses on experienced B2B SaaS founders with domain expertise. Johnsson predicts a surge in M&A activity once interest rates stabilize, with many tech-driven deals and 'acquihires' expected. He notes that Europe's Fortune 1000 companies rely heavily on US software, presenting an opportunity for European SaaS startups to build differentiated AI-driven products.
Provides insights into European B2B SaaS investment trends and data infrastructure as a prerequisite for AI, but lacks breaking news or major platform impact.
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Key Takeaways & Evidence Grounding
- Oxx is a venture capital firm founded in 2017 by Richard Anton and Mikael Johnsson.
- Oxx closed its second fund generation at $190 million in December 2023.
- Oxx has invested in B2B SaaS companies including Kodiak Hub, Funnel, Gravitee, and Apica.
- Johnsson says data infrastructure is crucial for AI to unlock its full potential.
- Johnsson predicts a massive uptick in M&A activity once interest rates stabilize.
Connected Companies & Entities
1 Entity mapped“Oxx has invested in various B2B SaaS companies including Kodiak Hub, Funnel, Gravitee, and Apica....”
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