Open Ocean, an early-stage VC firm specialised in big data-oriented startups and deep tech, has established a third investment fund reaching €92 million. LPs in the new fund include the European Investment Fund (EIF), Tesi, pension funds, major family offices and Oxford University’s Corpus Christi College, reports Tech Crunch.

The fund says it would invest primarily at the Series A level with initial investments of €3 million to €5 million, across OpenOcean’s principle areas of artificial intelligence, application-driven data infrastructure, intelligent automation and open source.

Find more about Open Ocean at their website.