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Venture Capital
oup.vc

Investments

174

Portfolio Exits

44

Funds

4

About Osage University Partners

Osage University Partners (OUP) is a venture capital fund that invests exclusively in startups that are commercializing university research.

Headquarters Location

50 Monument Road Suite 201

Bala Cynwyd, Pennsylvania, 19004,

United States

484-434-2255

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Expert Collections containing Osage University Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Osage University Partners in 2 Expert Collections, including Synthetic Biology.

S

Synthetic Biology

382 items

G

Game Changers 2018

20 items

Latest Osage University Partners News

UK startup HackTheBox snaps $55M to help win the war against cyber criminals

Jan 12, 2023

In the world of computer hacking, there has long been a division between those who use malicious methods to break a system and those who use the same methods to identify the system’s vulnerabilities , assist in fixing them, and combat the malicious actors at the same time. Hack The Box , a gamified continuous cybersecurity upskilling and talent assessment platform raised $55M led by Carlyle, alongside Paladin Capital Group, Osage University Partners, Marathon Venture Capital, Brighteye Ventures, and Endeavor Catalyst Fund. With this Series B funding, Hack The Box has now raised a total of $70M, strengthening its position within the international cybersecurity ecosystem. The new investment will quicken Hack The Box’s growth trajectory with a focus on expanding its “gamer-first” solutions portfolio, which the company already leads the market in. Hack The Box will also improve its go-to-market function, doubling down on the company’s ongoing international expansion, which has seen strong commercial traction in the United States, Europe, and Asia. The 1.7M users of the platform are made up of 1,500 businesses, universities, governments, and other organisations that have sent teams to HTB to be put through their paces as well as individuals who joined HTB on their own initiative to learn skills and earn certifications. Hack The Box will keep making significant R&D investments. This will enable them to keep up with the rapidly changing cyber technology and threat landscape. Founded in 2017 by Aris Zikopoulos, Haris Pylarinos, James Hooke, Hack The Box provides a superior 360-degree platform that not only enables people, companies, government agencies, and universities to improve their offensive and defensive security capabilities, but also gives access to job opportunities in cybersecurity, thereby addressing the critical talent shortage in the sector. With HTB, the idea is to immerse users in learning environments that are built around gamification, simulations with avatars, and narrative scenarios that are intended to mimic old-school cyberhacks of varying and rising levels of sophistication. The company has more than 180 employees worldwide and half of the team members are based in Greece, and the rest across the world. Further, there are over 20 different ethnic groups and over 20 countries represented at the company. Of 180 people working for HTB, 22% are female, 76% are male and, 2% are not specified. “Our mission is to create and connect cyber-ready humans and organizations through highly engaging hacking experiences that cultivate out-of-the-box thinking. The game in cyber has changed with defensive, reactive and recovery postures not being fit-for-purpose in the face of an ever-increasing and ever-evolving wave of sophisticated attacks. A new proactive offensive & defensive approach is needed to take the fight to cybercriminals rather than waiting to be hit. From individual security professionals to companies, this means adopting a ‘hacker mindset’, learning to think and act like an attacker. This is the kind of mindset that we cultivate through Hack The Box”, highlights Haris Pylarinos, Founder and CEO at Hack The Box. Constantin Boye, a Director at Carlyle, comments, “The demands on security and IT professionals have never been greater. An industry-wide talent shortage and an exponentially growing number of cyber threats place great importance on professionals and organizations to maintain best-in-class security practices. Hack The Box is a pioneer in constantly providing fresh and curated training and upskilling content, in a fully gamified and intuitive environment, enabling individuals and organizations to tackle real-world hacking problems. We are excited for the next stage of Hack The Box’s evolution and are proud to be part of this journey.” Gibb Witham, Senior Vice President at Paladin Capital Group, adds, “With a vibrant community of 1.7M registered security professionals and enthusiasts, Hack The Box is setting the bar for a new generation of product-led growth companies in the cybersecurity industry. We are thrilled to see Hack The Box becoming a vital partner for enterprises and governments in crafting security teams prepared for cyber attacks.” Founders’ journey All of the co-founders of the HTB platform held different jobs in the very beginning. Haris’ side project was HTB. Then, he was a cybersecurity consultant for a shipping company. James was a devoted player of HTB and a member of the HTB community. Despite having overcome all HTB challenges, he continued to provide feedback. One day, James contacted Haris to let him know that he had unintentionally compromised a portion of the HTB platform that was not intended to be compromised. As a result, James had informed Haris of this vulnerability. They met in this manner. Previously, Aris Zikopoulos provided cybersecurity services to the same shipping firm where Haris was employed. James Hooker and Aris Zikopoulos were both invited to co-found the business with Haris.

Osage University Partners Investments

174 Investments

Osage University Partners has made 174 investments. Their latest investment was in Transposon Therapeutics as part of their Series A - II on January 1, 2023.

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Osage University Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/12/2023

Series A - II

Transposon Therapeutics

$5M

Yes

1

1/9/2023

Private Equity

Hack The Box

$55M

No

2

1/5/2023

Series C

OpSys Technologies

$51.5M

Yes

5

11/28/2022

Series C

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$99M

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10

10/5/2022

Series B

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$99M

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10

Date

1/12/2023

1/9/2023

1/5/2023

11/28/2022

10/5/2022

Round

Series A - II

Private Equity

Series C

Series C

Series B

Company

Transposon Therapeutics

Hack The Box

OpSys Technologies

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Amount

$5M

$55M

$51.5M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

2

5

10

10

Osage University Partners Portfolio Exits

44 Portfolio Exits

Osage University Partners has 44 portfolio exits. Their latest portfolio exit was Picwell on January 09, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/9/2023

Acquired

$99M

2

2/7/2022

Acquired

$99M

3

10/1/2021

Reverse Merger

$99M

20

9/15/2021

IPO

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$99M

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10

8/10/2021

Acquired

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$99M

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10

Date

1/9/2023

2/7/2022

10/1/2021

9/15/2021

8/10/2021

Exit

Acquired

Acquired

Reverse Merger

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

3

20

10

10

Osage University Partners Fund History

4 Fund Histories

Osage University Partners has 4 funds, including Osage University Partners III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/12/2019

Osage University Partners III

$273M

3

5/20/2015

Osage University Partners II

$99M

10

5/24/2010

Osage University Partners I

$99M

10

OUP III AFF Partnership

10

Closing Date

3/12/2019

5/20/2015

5/24/2010

Fund

Osage University Partners III

Osage University Partners II

Osage University Partners I

OUP III AFF Partnership

Fund Type

Status

Amount

$273M

$99M

$99M

Sources

3

10

10

10

Osage University Partners Team

4 Team Members

Osage University Partners has 4 team members, including current Founding Partner, Louis Berneman.

Name

Work History

Title

Status

Louis Berneman

Founding Partner

Current

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Name

Louis Berneman

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Work History

Title

Founding Partner

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Status

Current

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