Apica Gains $12 Million in Funding
September 06, 2017
Share this

Oxx will be leading a $12m USD funding round in Stockholm-based Apica.

Existing investors including Nordic VC Industrifonden, the venture capital arm of the leading Nordic bank, SEB Venture Capital and Swedish early-stage investor KTH Chalmers Capital also participated in the round.

The investment will help Apica expand its market presence in the US and Europe outside of the Nordics. The team has over 30 people in place in the United States – and growing – with 50% of its bookings already coming from this market. This strong traction in the United States, which is the largest and most demanding market, is a fantastic benchmark and one of the drivers of the Oxx investment.

Oxx is focused on investing in B2B scale-up stage software companies with commercial traction. With offices in London and Stockholm, Oxx was launched earlier this year by Richard Anton and Mikael Johnsson who both departed Amadeus Capital Partners in 2016 to found Oxx.

Mikael Johnsson, Oxx General Partner, said, “Apica is an exciting business with a fantastic team and product offer. The market for performance testing and monitoring software is worth billions of dollars, is well established and going through major disruption. Apica’s products, team and structure put it in an excellent position for growth, particularly given its ambitions in the U.S., where we see the biggest potential. This transaction therefore fits perfectly into our sweet spot and is exactly the sort of deal we intended to execute when we founded Oxx.”

Share this

The Latest

September 23, 2020

The post-pandemic environment has resulted in a major shift on where SREs will be located, with nearly 50% of SREs believing they will be working remotely post COVID-19, as compared to only 19% prior to the pandemic, according to the 2020 SRE Survey Report from Catchpoint and the DevOps Institute ...

September 22, 2020

All application traffic travels across the network. While application performance management tools can offer insight into how critical applications are functioning, they do not provide visibility into the broader network environment. In order to optimize application performance, you need a few key capabilities. Let's explore three steps that can help NetOps teams better support the critical applications upon which your business depends ...

September 21, 2020

In Episode 8, Michael Olson, Director of Product Marketing at New Relic, joins the AI+ITOPS Podcast to discuss how AIOps provides real benefits to IT teams ...

September 18, 2020

Will Cappelli on the AI+ITOPS Podcast: "I'll predict that in 5 years time, APM as we know it will have been completely mutated into an observability plus dynamic analytics capability."

September 17, 2020
One of the benefits of doing the <span style="font-style: italic;">EMA Radar Report: AIOps- A Guide for Investing in Innovation</span> was getting data from all 17 vendors on critical areas ranging from deployment and adoption challenges, to cost and pricing, to architectural and functionality insights across everything from heuristics, to automation, and data assimilation ...
September 16, 2020

When you consider that the average end-user interacts with at least 8 applications, then think about how important those applications are in the overall success of the business and how often the interface between the application and the hardware needs to be updated, it's a potential minefield for business operations. Any single update could explode in your face at any time ...

September 15, 2020

Despite the efforts in modernizing and building a robust infrastructure, IT teams routinely deal with the application, database, hardware, or software outages that can last from a few minutes to several days. These types of incidents can cause financial losses to businesses and damage its reputation ...

September 14, 2020

In Episode 7, Will Cappelli, Field CTO of Moogsoft and Former Gartner Research VP, joins the AI+ITOPS Podcast to discuss the future of APM, AIOps and Observability ...

September 11, 2020

Mark Thiele on the AI+ITOPS Podcast: "I believe AIOps will be everywhere, or you will be failing if you're attempting to do scale ..."

September 10, 2020

How is the AIOps market evolving? The answer in five words is: "Toward increasing levels of diversity." In the EMA Radar Report AIOps: A Guide for Investing in Innovation, EMA examined 17 vendors with cross-domain AIOps capabilities, along with doing 31 deployment interviews, and discovered a high degree of variety in design, functionality and purpose ...