What is Oxygen?
Oxygen is a modern financial platform engineered for the contemporary economy. It serves digital natives, creators, and entrepreneurs by offering a banking solution that aligns with their lifestyle and work habits. The platform provides a unified application for managing both personal and business accounts, delivering a seamless user experience.
How much funding has Oxygen raised?
Oxygen has raised a total of $19.3M across 2 funding rounds:
Angel/Seed
$2.3M
Series A
$17M
Angel/Seed (2019): $2.3M with participation from Light Bridge, Locus Ventures, Sam Yam, ZMT Capital, PioneerFund, Endure Capital, Base Ventures, The House Fund, Magic Fund, Strawberry Creek, Digital Horizon Capital, and Cynthia Chen
Series A (2021): $17M led by Rucker Park Capital, S7V, 1984.vc, Runa Capital, EFG Hermes Holding SAE, and Inventures
Key Investors in Oxygen
Endure Capital
Endure Amsterdam is a global company with locations in Amsterdam, California, Cairo, and Dubai. They offer a range of products and services aimed at enhancing endurance and performance. Their intended clients include individuals and organizations seeking to improve their physical capabilities. The company is committed to providing innovative solutions tailored to the needs of their diverse clientele.
Base Ventures
Base Ventures is an investment firm founded to transform access into opportunities for investors and founders, focusing on disruptive ideas. Since 2013, they have invested in a diverse range of sectors, including modern consumer technology and enterprise solutions, while emphasizing the importance of relationships and bold investments. The firm supports founders by empowering them to prioritize long-term growth and innovation over short-term gains. With a strong network and over 20 years of experience, Base Ventures has backed 136 founders and raised $1.6 billion in capital for its portfolio companies.
Runa Capital
Runa Capital is an international venture capital firm that invests in deep tech and software. From 2010 through 2021 Runa Capital raised 3 funds and invested in over 80 companies in more than 12 countries between Europe and North America, including Mambu, Smava, Nginx, MariaDB, Brainly, Acumatica, and more. In 2020 Runa Capital announced it will increasingly focus on Quantum Technologies, its quantum portfolio to date included Swiss quantum cryptography pioneer ID Quantique and quantum sensing startup Qnami.
What's next for Oxygen?
The substantial enterprise-level capital infusion, particularly the recent strategic investment, positions Oxygen for accelerated growth and market expansion. This backing will likely fuel further development of its innovative financial platform, enhance its user experience, and potentially support entry into new market segments or the acquisition of complementary technologies. The company is poised to solidify its standing as a key banking partner for the 21st-century economy.
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