What is Oak?
Founded in 2016 and headquartered in Newcastle, United Kingdom, Oak provides intuitive and responsive intranet software designed for rapid deployment without requiring specialized technical support. The company differentiates itself by offering comprehensive training and support, enabling businesses of all sizes to launch their internal communication platforms efficiently. Oak's platform has demonstrated the capability to facilitate quick rollouts, with smaller startups going live in days and larger, multi-thousand employee organizations completing implementation within two weeks, supported by Oak's dedicated assistance throughout the development process.
How much funding has Oak raised?
Oak has raised a total of $10.2M across 1 funding round:
Series A
$10.2M
Series A (2021): $10.2M with participation from Northstar Ventures and Maven Capital Partners UK
Key Investors in Oak
Northstar Ventures
Northstar Ventures is a venture capital firm focused on high-growth businesses in North East England, managing funds backed by European institutions. They specialize in early-stage investments across various sectors, typically between £100k and £500k.
Maven Capital Partners UK
Maven Capital Partners UK LLP operates within the Venture Capital & Private Equity industry, known for its investments in growing companies. The firm employs between 20-49 individuals and generates significant revenue.
What's next for Oak?
The recent major strategic investment signifies a pivotal moment for Oak, likely enabling the company to accelerate its product development, expand its market reach, and enhance its service offerings. This enterprise-level backing suggests a focus on scaling operations and solidifying its competitive advantage in the corporate communication and collaboration software sector. Oak is poised to leverage this capital to further innovate its platform and strengthen its position as a leading provider of user-friendly intranet solutions.
See full Oak company page
