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.

Trunkrs, specialist in Same Day & Next Day delivery for the e-commerce sector, has successfully raised EUR 15 million in a Series B financing round. This financing round was led by Korys, the Belgian investment company of the Colruyt family. In addition to Korys, VP Capital, the family office of the Van Puijenbroek family, and SET Ventures, which previously invested in Trunkrs, also invested. We advised SET Ventures in this transaction.

We advised SET Ventures in its investment, jointly with FORWARD.one and Korys, in the Utrecht-based climate scale-up Sensorfact. Sensorfact helps companies in the manufacturing industry to save up to 15% on energy bills with intelligent energy management and energy-saving advice.

We advised the former shareholders of Quantib, including Holland Capital, InnovationQuarter and Erasmus Medical Centre, in the sale of shares in Quantib to RadNet, Inc. (NASDAQ: RDNT), a US leader in providing high-quality diagnostic imaging services through a network of 350 owned and operated outpatient imaging centers. Quantib is a leading radiology artificial intelligence (“AI”) company focusing on clinical solutions for prostate cancer, breast cancer and neurodegeneration.

Neerlands Glorie Groente & Fruit BV, parent company of vegetable manufacturer HAK and HAK Fresh, has acquired all shares of Four Seasons Food. The latter company (40 employees, turnover €10M/year) was founded in 2008 and is specialized in the development and production of soups, sauces and meal solutions in stand-up pouch packaging, largely based on vegetables and pulses. We advised the sellers in this transaction.

Energyworx, a market leader in cloud-based Energy Data Management (EDM) solutions, announced a strategic investment of €5.1M euros by Eneco Ventures. Based in the United States and the Netherlands, Energyworx enables leading U.S. and European energy companies to unlock valuable insights in their massive granular supply, demand and contextual energy data sets. Eneco was joined in the latest round of funding by existing Energyworx investors, SET Ventures, ENGIE New Ventures and EDP Ventures — all leading investors in smart energy solutions.

We advised fintech scale-up company LendXS on the investment by IDH Farmfit Fund, whereby the latter acquired a 21% ownership stake in LendXS. LendXS develops a digital credit services platform and focuses on supporting rural financial institutions with low-cost, high-impact digital process and risk solutions.

We advised Enzyre on its strategic partnership with Takeda whereby Takeda invested in Enzyre. Enzyre develops ground breaking ambulant diagnostic technology focused on blood coagulation.

We advised Novish with its investment round in which it received growth capital from QRSP. Novish develops, produces and commercializes plant-based seafood products for the global retail and foodservice markets.

Wij advised SET Ventures with its investment in Trunkrs. The new financing round in which € 2,2 million was raised, was led by SET Ventures with participation of existing investor Ponooc.  Trunkrs is conquering the Dutch market for same day and next day parcel deliveries at a rapid pace. Not only does the company offer fast and reliable deliveries, it also made it their mission to make parcel delivery sustainable.