Aquabattery secures €6m seed investment

Aquabattery, a Dutch climate tech startup developing a saltwater long duration energy storage (LDES) solution, has closed a €6 million seed investment round. The round was led by EIT InnoEnergy and supported by InnovationQuarter, Invest-NL, Init Power, and a group of business angels. Aquabattery is developing a novel flow battery that can store clean electricity in table salt and water for 8 hours or longer. When charged, the battery converts saltwater into acid and base and reverses the process when discharged. The company is preparing to launch its fourth pilot battery in Delft later this autumn. Olym advised Invest-NL and InnovationQuarter on this investment.

Roundcube Holding acquires Bugs Business

Roundcube Holding, the parent company of CCS and Paston, has acquired Bugs Business. Bugs Business is a leading software partner specializing in providing modern front-office portals for customers and employees of insurers, distribution partners and stockbrokers. The strategic acquisition of Bugs Business, which will continue to operate as an independent organization, enables Roundcube Holding to expand its leadership in the insurtech sector with innovative solutions in the front-office domain. Olym advised Roundcube Holding on this acquisition.

PhotonVentures closes round for its fund at € 75m

PhotonVentures, the deep tech venture capital fund focused on startups and scale-ups developing solutions with photonic chips, has closed its second fundraising round of over €15 million, bringing the fund’s total to the targeted €75 million. The fund targets essential applications in data transmission, health diagnostics, and smart sensor systems, while also aligning with major global trends such as AI, AR, and VR. Private and strategic investors, together with the support of BOM (Brabant Development Agency), Oost NL, TNO, and the University of Twente, made this funding round possible. Olym advised Oost NL on this investment.

Methaplanet raises EUR 6M

Methaplanet, an innovative scale-up focused on preparing and optimizing agricultural waste streams to enhance their utilization in biogas plants, has completed a €6M investment round led by ABP, with backing from EIT InnoEnergy and business angels. Methaplanet makes energy pellets from manure that contains a lot of straw, which can be used to produce biogas more efficiently. Olym advised lead investor ABP on this investment round.

Intrinsic ID acquired by Synopsys

Synopsys, Inc. (Nasdaq: SNPS) has acquired Intrinsic ID, a leading provider of Physical Unclonable Function (PUF) IP used in the design of system-on-chips (SoCs). Intrinsic ID is a spin-out of Royal Philips Electronics. We advised the company and its selling shareholders including Prime Ventures and Robert Bosch Venture Capital.

MoonPay Joins Forces with Onramper

We advised Onramper on their strategic transaction with industry leader MoonPay which will democratize access to cryptocurrencies worldwide. Onramper is a leading fiat-to-crypto payments aggregator. The collaboration is set to offer MoonPay’s clients a comprehensive solution to optimize conversion rates across various regions.

Convious secures Series A funding extension

Attractions management platform innovator Convious has received an additional $9 million of Series A funding to support its next development phase. This has been secured by venture capital and private equity firm Wille Finance, with the participation of Orbit Capital, and existing investors. The extension of the round brings the total value of the Series A to $20 million, in combination of equity and debt. We advised Wille Finance.

Boss Transport acquires Datrans Transport

Boss Transport has acquired Datrans Nederland BV and Datrans GmbH with the aim of increasing transport to Switzerland. Boss Transport transports through countries such as Switzerland, Germany, Austria, France, Denmark, Italy and the Benelux. We advised Boss Transport on this acquisition.

TIBO Energy raises EUR 3M in seed round

Eindhoven-based TIBO Energy, a company that manages network congestion, saves energy costs and reduces emissions with smart grid management, has secured €3M in a seed round of funding, to expand its team and venture into international markets. The investment was led by Amsterdam-based SET Ventures, with contributions from Speedinvest and TIBO Energy’s founding team members. Wij adviseerden SET Ventures bij deze investering.

Helin raises EUR 3M in seed round

Helin, an industrial edge intelligence platform, has closed a €3 million seed funding round led by The fresh capital infusion will primarily be allocated towards expanding Helin’s commercial and development teams, and further enhancing its state-of-the-art industrial edge intelligence SaaS platform. We advised on this investment.