Oxylabs secures VC backing after a decade of independence, reaching a $3.6 bn valuation
Executive summary: Oxylabs secured its first venture‑capital investment after a decade of turning down VCs, achieving a $3.6 bn valuation. The deal signals strong investor confidence in European web‑data infrastructure and may reshape the competitive landscape of the data‑scraping market.
Who is involved: Oxylabs and its newly appointed venture‑capital partner (the specific firm was not disclosed in the announcement).
Likely next: The fresh capital is expected to fund product expansion, potential strategic acquisitions, and possibly prepare the company for a future public offering.
Oxylabs, a European provider of web‑data scraping solutions, announced that it has accepted venture‑capital funding for the first time in ten years, resulting in a $3.6 bn valuation. The company cited “right timing, right partner” as the rationale for the deal. The move places Oxylabs among the continent’s most highly valued private tech firms and underscores renewed investor confidence in the data‑infrastructure sector.
Timeline
- — After a decade of turning down VCs, Oxylabs hits $3.6bn valuation: 'Right timing, right partner' (Sifted — EU startups)
Analysis — what this means
Sectors affected
- Web data scraping
- Enterprise data intelligence
Historical parallels
- Adyen reached a $9 bn valuation in 2021
- Klarna peaked at a $46 bn valuation in 2022