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The Venture Codex

OSS Capital

140 Geary Street Suite 1000, San Francisco, California, 94108, United States

Overview

OSS Capital's mission is to catalyze the commercial open-source software (COSS) investment landscape by rethinking the traditional VC model by focusing exclusively on backing and supporting early-stage COSS founders of the next-generation. We are backed and supported by the previous generation of the worlds most successful and experienced COSS founders who have collectively: - Started 40 + of the worlds largest and most successful COSS companies - Unlocked $16 billion + in aggregate annual revenue - Driven $70 billion + in outcomes/exits across IPOs, M&A and PE events - Captured $145 billion + in aggregate value - Created 44,000 + full-time OSS jobs - Raised $9 billion + in venture capital If you are a COSS founder looking for the worlds most differentiated lifecycle agnostic source of capital for your venture, look no further than OSS Capital.

Total investments
20
Lead investments
9
Investments · 12mo
2
Active investors
8

Sector focus

  • Information Technology
  • Open Source
  • Software
  • Venture Capital
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Investment portfolio

  • TargonCompute

    Led · Series A · Jul 2026

    TargonCompute develops and ships retail mining hardware for decentralized compute networks, most recently launching the Targon Tower Pro. The company positioned its recent product release as enabling broader retail miner participation and as part of a broader "phase 2" push for decentralized compute. Public statements around the launch linked the hardware to activity in the Bittensor ecosystem and mentioned bridging to real-world assets. Financially, TargonCompute announced a $10.5 million Series A led by DCG and OSS Capital with additional individual investors. The company has not publicly disclosed a valuation, prior funding history, or detailed operational metrics in the announcement.

  • CUE Labs

    Led · Equity · Oct 2025

    CUE Labs is the company behind CUE, an open-source declarative configuration language designed to bring order and reliability to complex software systems. Its central Configuration Control Plane allows organizations to manage, audit, and validate every piece of data—from build-time settings to runtime payloads—so teams can understand the full impact of any change before deployment. The company’s first component, the Central Registry, is already publicly available and offers a library of verified schemas for secure module sharing and reuse across environments. CUE is currently used by enterprises such as Microsoft, Fastly, Alibaba, Elastic, Mercari, and Docomo across cloud, e-commerce, telecom, IoT, and energy sectors. Founded by Marcel van Lohuizen and Paul Jolly and headquartered in Zug, Switzerland, CUE Labs is positioning itself as the primary steward of the CUE ecosystem while expanding adoption and deepening enterprise capabilities. The newly secured capital will be used to scale operations and accelerate product development around the broader Configuration Control Plane. To date, the company has raised over $10 million in early funding.

  • Comp AI

    Led · Seed · Aug 2025

    Comp AI provides an AI-powered trust management platform that automates compliance for SOC 2, HIPAA, GDPR, ISO 27001 and 25+ other regulatory standards. Since emerging from stealth in April 2025, the company reports early traction including more than 3,500 companies in its pre-launch testing program and claims its first customers saved over 2,500 hours of manual compliance work. The founding team—Mariano Fuentes, Lewis Carhart, and Claudio Fuentes—draws on firsthand SOC 2 experience from prior ventures. Comp AI says its agentic AI approach can automate up to 90% of the compliance process and that it has achieved monthly growth exceeding 89%. The company plans to expand its open-source platform to let security professionals and auditors contribute control templates and framework mappings, and to move its AI Agent Studio from beta to general availability for automated evidence collection, risk assessments, and vendor onboarding. The new $2.6M pre-seed funding will support hiring and scaling over the next three months as Comp AI pursues its mission to help 100,000 companies achieve compliance by 2032 while making enterprise-grade security accessible without the traditional $25K+ annual costs.

  • Dub.co

    Participated · Equity · Jan 2025

    Dub.co is an open-source URL shortener and link attribution engine offering both a hosted SaaS and a free individual plan. Its core product lets creators and businesses create custom links that embed attribution and discount eligibility so only users who use a specific link receive discounts. Founder Steven Tey began the project at Vercel as an open-source shortener, added tracking, and turned it into a full SaaS after leaving Vercel in late 2023. The company’s primary revenue source is businesses and enterprises, though individuals can use the free plan. Dub.co recently launched Conversions to track real-time clicks converting to signups or sales and integrates with Shopify and Stripe to surface metrics like CAC, retention, and LTV. It offers limited AI features for custom reports, title/description suggestions, and auto-tagging while keeping AI away from core product functions. Customers and partners named in the article include Twilio, Huberman Labs, and the Malaysian government.

  • Parallel

    Participated · Equity · Mar 2024

    Parallel develops an NFT card game that integrates NFTs, augmented reality (AR), and physical cards. The game is built on a science-fiction background and lets users purchase and collect cards using tokens. The company's product combines digital ownership with AR experiences and tangible collectibles. According to the article, Parallel completed a $35 million financing described as a strategic investment. Participating investors named include Solana Ventures, Distributed Global, OSS Capital, VanEck, and Focus Labs. The article does not disclose revenue, user metrics, valuation, or prior funding details. Parallel is a sci‑fi card game built on the Ethereum blockchain that uses realistic, science‑fiction–styled NFT cards. The platform’s core product today is NFT pack drops and an on‑chain marketplace; the playable game layer has not yet been released and early funding has been used to build it out. Parallel operates its own drop system and takes a 10% royalty on secondary NFT sales, with half of that directed to in‑game prize pools and the remainder to the company. After its first pack drop in August the platform did nearly $105 million in transaction volume (per CryptoSlam) and one “Masterpiece” card sold for $1.1 million in ETH; sales declined to just over $11 million in September. The company is preparing another drop and is focused on balancing rarity-driven secondary-market dynamics with accessibility for new players.

Team