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Great to see Oxx (Venture Capital fund focused on b2b SaaS) have raised €172 million second fund generation to power the growth of European SaaS scaleups. Mikael Johnsson emphasizes the success of the European Software as a Service (SaaS) industry, highlighting its ability to generate substantial returns compared to other technology sectors. In the third quarter of 2023, the majority of the top 10 venture-backed exits were in the software industry. The European SaaS ecosystem is characterized by a significant number of serial founders and a deep pool of engineering and tech talent. The quote suggests that the potential for digitization across various industries and the transformative impact of artificial intelligence (AI) indicate that the European SaaS boom is still in its early stages. https://lnkd.in/e58cMveC
