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Sebastiaan Witkam

Tibo Energy raises EUR 6 million LawyersSebastiaan WitkamTrack RecordVenture CapitalWouter Hofstee

Tibo Energy raises EUR 6 million

Eindhoven-based Tibo Energy, a developer of a next-generation Energy Management System (EMS) for industrial and commercial energy sites, has raised €6 million in Seed funding to help businesses unlock additional energy capacity from their existing infrastructure. The round was led by KOMPAS VC with participation from Hitachi Ventures and WEPA Ventures, alongside existing investors SET Ventures and Speedinvest. We advised Tibo Energy on this transaction.
Sebastiaan Witkam
23 September 2025
Rival Foods raises EUR 10 million in series B round LawyersSebastiaan WitkamTrack RecordVenture CapitalWouter Hofstee

Rival Foods raises EUR 10 million in series B round

Dutch FoodTech scale-up Rival Foods has secured €10 million in Series B financing. The round was led by pension investor APG, acting on behalf of ABP, with participation from PYMWYMIC and ROM Utrecht Region, and a follow-on investment from existing shareholder PeakBridge. Founded in 2019 as a spin-off from Wageningen University & Research, Rival Foods has developed a proprietary platform for producing whole-cut meat alternatives—products that replicate the structure, flavor, and mouthfeel of conventional meat cuts, while being entirely plant-based, clean label, and minimally processed. Free from artificial additives, these products are crafted to meet the highest culinary standards and are designed for foodservice, retail, and brands seeking to drive plant-based innovation. We advised lead investor APG on this transaction.
Sebastiaan Witkam
23 September 2025
Centric acquires majority stake in Twelve LawyersM&ASebastiaan WitkamTrack Record

Centric acquires majority stake in Twelve

Twelve, the leading Dutch FinTech company specializing in point-of-sale (PoS) and order management in the foodservice and hospitality sector, has been acquired by Centric, a prominent provider of IT software and services. This strategic move marks an important milestone for both organizations, combining in-depth market knowledge and a shared vision for the future of retail technology. Centric, together with investment vehicle Spacetime, will support founder and newly appointed CEO Willem van Kralingen in strengthening Twelve's services and accelerating its European growth strategy. We advised Willem van Kralingen and 5K Ventures on this transaction.
Sebastiaan Witkam
23 September 2025
Gridspertise acquires Energyworx HomepageLawyersM&ASebastiaan WitkamTrack RecordWillem Beek

Gridspertise acquires Energyworx

Gridspertise, a technology company jointly controlled by Enel and CVC Capital Partners enabling grid modernization through intelligent solutions has acquired Energyworx, a pioneer in cloud-based Energy Data Management solutions, headquartered in the Netherlands, from its shareholders, EDP Ventures, SET Ventures and OWV Beheer B.V. We advised EDP Ventures, SET Ventures and OWV Beheer on this transaction.
Sebastiaan Witkam
23 September 2025
Blubrake raises EUR 12 million LawyersSebastiaan WitkamTrack RecordVenture Capital

Blubrake raises EUR 12 million

Blubrake has secured €12 million in funding to drive mass adoption of its Anti-lock Braking Systems (ABS) for light electric vehicles. Targeting OEMs, Blubrake’s ABS integrates directly into e-bike frames and aims to improve braking performance and rider safety. The funding comes from a round co-led by micromobility investment fund Fundracer, venture capital fund Algebris Climatech and component supplier Tris-Star Group. Olym Advocaten advised Fundracer on this transaction.
Sebastiaan Witkam
27 May 2025
Optics11 raises EUR 17 million HomepageLawyersSebastiaan WitkamTrack RecordVenture CapitalWillem Beek

Optics11 raises EUR 17 million

Optics11, a Dutch scale-up building advanced fiber optic sensing solutions, has raised EUR 17 million. The company combines fibre optic sensors and advanced threat detection software, enabling faster detection and localisation of threats. The investment enables rapid expansion of Optics11’s technologies, significantly improving fault detection and infrastructure security. The funding round was led by SET Ventures and FORWARD.one, with participation from JOIN Capital and Value Creation Capital. Olym advised SET Ventures and JOIN Capital in this transaction.
Sebastiaan Witkam
27 May 2025