Bundleboon, which sells curated boxes of kid’s clothes through an online platform, received €500,000 in funding from investor Pieter Schoen after appearing on Dragon’s Den. Schoen now owns 50% of the female-founded company. However, the investment is currently on hold due to the coronavirus (COVID-19) outbreak, though it is hoped that it will eventually be used to help Bundleboon become profitable and enhance its shopping experience.
Meal-prep company Eatch, which automates the cooking process to offer affordable and healthy food, has received a €300,000 convertible loan from Innovatiefonds Noord-Holland. Eatch meals can be tailored according to customer preference and will be prepared by a special high-tech kitchen that works with raw ingredients.
B2B startup bank Finom has procured €6.5 million in seed funding in a round led by Target Global and General Catalyst. Several other investors also participated, including FJ Labs and Ilya Kondrashov, the founder of MarketFinance. The money will be used to help Finom develop its banking product while continuing its expansion into France, Germany and Italy over the summer.
LABFRESH, which makes stain and odour-resistant menswear, secured €250,000 in funding on Dragon’s Den, after the brand’s founder pitched to a panel of judges. Previously, LABFRESH has raised funds through Kickstarter and it is currently looking into expanding its line and finding ways to offer its products in retail stores.
Crowdfunding platform Oneplanetcrowd has raised €1 million from the European Investment Fund, which will take the form of a loan that must be repaid within eight years. However, there is also the possibility that the loan may be converted into shares, increasing solvency. Oneplanet will use the money to develop the front- and backend of its site, as well as its sales and marketing team.
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