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Open Core Ventures (OCV) is a venture capital firm founded by Sid Sijbrandij, CEO of GitLab. The firm focuses on launching new companies centered around open source projects, providing initial funding of $2 million per company. OCV operates globally and does not invest in existing companies, instead targeting high-potential open source contributors.
OCV specializes in launching open core companies that develop commercial software based on open source projects. The firm provides operational and strategic support to open source contributors who may lack the resources to establish venture-scale businesses. Investments typically involve an initial funding of $2 million until the companies secure a seed round.
Notable companies launched by OCV include RayAI, which powers multi-agent systems; Selora Homes, offering professional home installation for Home Assistant; and Mermaid Chart, which raised a $7.5 million seed round. Collectively, OCV companies have raised over $40 million in post-OCV funding and achieved over 10.1 million GitHub downloads and more than 240,000 GitHub stars.
Sid Sijbrandij - Founder and CEO of GitLab, he leads OCV with a focus on supporting open source contributors in launching new companies.
Submit your pitch through their website form at [URL]. OCV is focused on new ventures and does not invest in existing companies.
OCV provides initial funding of $2 million to help launch new companies, but it does not lead rounds for existing companies.
OCV focuses on supporting the launch of new ventures and does not invest in existing companies, which implies a limited role in follow-on investments.
OCV provides $2 million in initial funding per company, but specific details about the total fund size are not disclosed.
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