Yard Energy invests in Big Ass Battery

YARD ENERGY has acquired a stake in Big Ass Battery, a Dutch high-tech scale-up that develops and builds energy storage systems. In addition, YARD ENERGY is providing growth financing. Big Ass Battery, based in Nuenen (NL), stands out for its innovative energy storage systems that are built entirely in-house. We advised YARD ENERGY, a venture capital investor in scale-ups playing a vital role in the energy transition.

Vitestro raises €12 million in Series A financing

Vitestro, developer of an autonomous blood drawing device, has completed a EUR 12 million Series A financing round. California-based Sonder Capital led the funding round alongside existing investors and new private investors with experience in the clinical laboratory and MedTech industry. The proceeds will be used to accelerate product development, prepare EU market authorization, and initiate production. Olym advised Sonder Capital on this investment.

Sale Sooqr to Spotler Group

Spotler Group, a company that has invested in building and developing a portfolio of leading digital marketing and communications technologies that simplify the complexity of multi-channel marketing, sales and customer service, has acquired Sooqr, a company that has an all-in-one conversion suite of tools for site search, recommendations and merchandising. By joining the Spotler Group, Sooqr will further enhance the personalised eCommerce capabilities of Squeezely, another company that Spotler Group bought in 2021. By bringing together Sooqr and Squeezely’s capabilities, the Spotler Group aims to create an emerging all-in-one Customer Data Experience Platform (CDXP). This will enable retailers to leverage insight into customer behaviour, preferences and buying patterns to personalise the end-to-end shopping experience and improve customer engagement, conversion rates and revenue, all in the same platform. Olym advised the selling shareholders on this transaction.

Groupe Berkem acquires i.Bioceuticals

Groupe Berkem, a leading player in bio-based chemicals and listed on Euronext Paris, has acquired i.Bioceuticals, Inc., the leading and exclusive North American distributor of nutritional ingredients, from the Dutch company INC (International Nutrition Company). Olym advised INC on this transaction.

Sale of Energique to Voff Premium Pet Food

Voff Premium Pet Food, a European leader within natural premium pet food, has acquired Energique. Energique specializes in the production, distribution and sale of raw pet food for cats and dogs. We advised the selling shareholders on this transaction.

Sale of Fortes Energy Systems to BDR Thermea

BDR Thermea Group, a European manufacturer and distributor of domestic and commercial water and space heating systems, has acquired heat network company Fortes Energy Systems, thereby expanding its portfolio of energy transition solutions for customers. Fortes Energy Systems is an internationally active specialist in collective heat and cold networks for residential, utility and industrial use. Its solutions combine a comfortable indoor climate, high hot water comfort, optimal system efficiency and low energy consumption. We advised the selling shareholders on this transaction.

3T raises financing from UTurn Investments

3T, an Italian manufacturer of road and gravel bicycles, is bringing UTurn Investments on board to fund its international expansion plans. The investment also allows 3T to ramp up Italian production of strategic and innovative products, such as the signature carbon frames “RaceMax Italia”. The company will continue to be led by René Wiertz and Gérard Vroomen. We advised 3T in this transaction.

Enzyre closes Series A financing round of €12 million

Enzyre, which is developing breakthrough ambulant diagnostic technology for blood coagulation testing, has raised €12 million in a Series A financing led by new investor, Oost NL, with participation from i&i Biotech Fund, Demcon Investment as technology partner and existing investors, Takeda Ventures and Novalis Biotech. Part of the funding is an Innovation Credit from the Dutch Government. The proceeds from the financing will enable Enzyre to further develop its unique diagnostic technology platform, EnzyPad, which will enable hemophilia patients to determine and monitor their coagulation status from home in real-time. Olym advised Enzyre in this funding round.

FlexiDAO closes series A funding round with SET Ventures, Google and Microsoft

FlexiDAO, a leading software provider for 24/7 electricity and carbon tracking, has secured a $6.5 million investment round led by SET Ventures, with investment from Google and the Microsoft Climate Innovation Fund, and existing investor EIT InnoEnergy. FlexiDAO enables companies and governments to operate on round-the-clock carbon-free energy, by certifying and tracing their electricity and its true carbon content, every hour of every day. We advised lead investor SET Ventures on this series A investment round.

Sale of M&I Broadcast Services to Valsoft Corporation

Valsoft Corporation Inc, a Canadian-based company specializing in the acquisition and development of software businesses, has acquired M&I Broadcast Services, a broadcast services software company that provides appealing, mission-critical software to the industry. M&I has several solutions across several broadcast platforms, including radio automation software OmniPlayer, as well as Nimbus Newsroom for radio, TV and online. M&I software is trusted by prominent European media companies such as RTL, DPG Media, Radio Italia and Talpa. We advised the selling shareholder on this transaction.