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.

Trunkrs raises €15M from Korys, VP Capital and SET Ventures

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.

SET Ventures participates in a EUR 13 million round in Sensorfact

We advised SET Ventures in its investment, jointly with 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.

Sale of Quantib to RadNet Inc.

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.

Four Seasons Food acquired by Hak

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 investment round led by Eneco Ventures

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.

IDH Farmfit Fund invests in LendXS

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.