Aito raises €4.1 million to bring finger sensing product to market
Haptic touch company Aito has raised €4.1 million in a fresh funding round led by KBC Focus Fund, FORWARD.one and Innovation Industries. Considered a frontrunner in the global human interface market, Aito creates technology that can apply force sensing and haptic feedback to many consumer devices, including laptops, keyboards, mice, smartphones and car infotainment systems. The startup expects the capital to help bring its product to market with several leading brands in 2022, helping transform how electronics are designed and used.
BridgeFund secures €20 million to help SMEs with capital
BridgeFund, an online business platform that offers swift, responsible business credit to SMEs, has raised €20 million in growth capital from a Dutch family office. The Amsterdam-based FinTech startup says the funds will help expand operations to other European countries. This year, the company expects to pass the threshold of €100 million in lending capital to Dutch SMEs.
€1.2 million in growth capital goes to Contentoo, with expansion plans in Germany
Dutch content marketing platform Contentoo has secured €1.2 million in growth capital from Ten Cate Investeringsmaatschappij along with a group of other investors. Contentoo positions itself as the largest digital marketplace in Europe, providing easy access to professional content creators and strategists. The investment is intended to further develop the platform and make its services available immediately for the entire German market.
Amsterdam’s Office App gets acquired by Boston-based HqO
Tenant and employee engagement platform Office App was acquired by HqO, an end-to-end tenant experience platform for commercial real estate properties headquartered in Boston. The value of the now combined entity is over €429.55 million. Currently active in over 100 offices in 24 countries, Amsterdam-based Office App guides workspaces through digital transformations and gives office workers tools and services to live and work well. Customers include Blackstone, Colliers, Dell and Finastra. HqO services over 60 commercial real estate clients worldwide, including Columbia Property Trust, Nuveen Real Estate, Jamestown, Grosvenor, Hines, Land Securities Group, J.P. Morgan Asset Management and Legal & General Investment Management.
PSA software firm PSOhub raises series A funding
PSOhub, a startup that develops professional services automation (PSA) software for small and medium-sized businesses and IT service providers, has raised series A funding. Headquartered in the Dutch town of Bussum, PSOhub serves customers in over 70 countries, helping with project management automation, time tracking and invoicing. Key PSOhub investors include Chris Ouwinga, founder of Unit4, one of Europe’s largest enterprise resource planning (ERP) software providers.
reNature secures backing for more work in regenerative farming and agroforestry
Amsterdam-headquartered reNature has announced its newest investor, Avocet Holdings, which invests in new businesses that tackle climate change and help restore biodiversity.
Through its network of research organisations, the public sector and technological partners, reNature connects farmers with research, knowledge, funding sources and buyers to foster the transition to regenerative practices and provide carbon-offsetting opportunities. Launched with cornerstone investors DOEN Foundation and Meraki Impact, reNature raised seed funding in early 2021.
Rubio Impact Ventures closes impact fund for startups at €110 million
Amsterdam-based Rubio Impact Ventures, a fund focused on early and growth-stage enterprises with positive societal and environmental impact, announced the closing of its second impact fund at €110 million. The firm plans to invest in over 30 companies operating under the themes of circular solutions, people power and healthy living. Rubio has already invested in 11 companies, including coffee brand Wakuli, cultivated meat pioneer Mosa Meat and Litterati, an app that motivates people to collect and tag litter. Rubio’s first-round fund investors such as the European Investment Fund, ASR and Dutch family offices also entered this round and doubled their investment. New investors include Triodos Bank, Candriam and a large group of Dutch entrepreneurs.
Seenons raises €6 million to combat climate change
Waste-saving platform Seenons has raised €6 million in a seed funding round to further develop its technology for matching waste with businesses that upcycle waste into new products. The funding will allow Seenons to expand its circular economy-boosting service in the Benelux, while also accelerating the race to meet Europe’s zero-waste target by 2030. Seenons was one of 12 Amsterdam-based startups selected by StartupAmsterdam and Smart Health Amsterdam to exhibit at the TNW Conference 2021. Dutch venture capital firms Tablomonto and CapitalT led the round of funding.
New York hedge fund backs FinTech Silverflow with €35 million
New York-based leading hedge fund Coatue Management is backing Silverflow with €35 million. The Dutch startup’s cloud-based platform gives an upgrade to payment service providers by enabling direct access to card networks and smart data insights.
€5 million in seed funding goes to commodity intelligence Vesper
Amsterdam-based commodity intelligence platform Vesper has raised €5 million in a seed funding round. The Dutch scale-up helps companies improve their trading strategies, make informed pricing decisions and de-risk potential trades. Current clients include Nestlé, Fonterra, Cargill, Unilever, Lactalis and Danone. Slimmer AI, a B2B venture studio based in Groningen, led the seed round, and two-time unicorn founder of Mollie and MessageBird Adriaan Mol was one of the angel investors who participated. Vesper plans to use the funds to accelerate growth through new commodity launches and new hires.
WE.VESTR equity platform receives more Venturerock backing
WE.VESTR provides entrepreneurs with one platform to manage their equity, cap table, performance and shareholders. The startup has received additional backing by fellow Amsterdam-headquartered Venturerock, which invests in early-stage ventures in novel technology, such as blockchain, AI and IoT, as well as those first impacted sectors, including FinTech, HealthTech and Smart City technologies.
HR tech startup YourCampus secures investment
Amsterdam-based tech startup YourCampus recently secured a sum of €500,000 during its first investment round. The company is aiming to revolutionise HR by allowing employees to choose their own benefits. This will allow businesses of every size to offer tailor-made compensation for employees through secondary terms of employment – an idea that has already resulted in partnerships with the likes of Brand New Day, HelloFresh and Swapfiets. This early success attracted the attention of the Dutch Founders Fund, an early-stage venture capital fund that was initiated by Laurens Groenendijk (Just Eat, Treatwell, Hiber), Patrick Kerssemakers (Fonq) and Bas Beerens (WeTransfer).
E-commerce scale-up Dwarfs acquires three new brands
The Amsterdam-based scale-up Dwarfs is an emerging specialist when it comes to buying and growing e-commerce brands. Founded earlier in 2021, the company invests in online stores and takes them to the next level by upscaling production, purchasing, logistics, customer care and marketing. This month they announced the acquisition of three new brands: Gadgy (a distributor of innovative home and living products), Vita5 (a developer of cushions and hammocks), and Snoozle (a designer and manufacturer of pet beds). Together these brands will add €24 million in annual revenue for Dwarfs, resulting in a total revenue of €36 million. Through organic growth and acquisitions, Dwarfs expects to exceed €50 million by the end of 2021.
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