Expertum acquires Partners in Technology

Dutch SAP service provider Partners in Technology has been acquired by Expertum Group, a leading player in the European SAP market. This strategic move strengthens Expertum’s position in both the Dutch and international markets in the field of technical SAP consultancy. At the same time, it allows Partners in Technology to offer their clients a wider range of functional SAP services. We advised Expertum Group on this transaction.

ESquare invests in Smart Servant

ESquare Capital Partners, an entrepreneurial private equity investment platform specialised in technology, has invested in Smart Servant, specialised provider of Service and Cleaning Robotics focused on the hospitality and leisure sector. Smart Servant has quickly positioned itself as the leading specialist in service and cleaning robots for the hospitality and leisure sector committed to making service and cleaning robotics accessible and affordable for companies of all sizes. We advised Smart Servant on this investment.

Medal raises $13 million

Medal, a startup that is known for its video game clipping product, has raised $13 million at a valuation of $333 million from several investors, including Horizons Ventures, OMERS Ventures, Peak6 and Arcadia Investment Partners. The company also unveiled Highlight, a new cross-platform desktop app that acts as a contextual AI assistant for users. The app captures the content on your screen and lets you ask questions to a large language model (LLM) based on that context. We advised Medal in this equity financing round.

Vrij Nederland continues independently

WPG Publishers has bid farewell to the magazine Vrij Nederland, which will continue independently. Sander Heijne has been appointed the new editor-in-chief as of April 1, 2024. Vrij Nederland will collaborate with Pakhuis de Zwijger. We advised WPG Publishers.

Roularta Media Nederland acquires WPG Media

Roularta Media Nederland acquires WPG Media, including the magazine brands Happinez, Psychologie Magazine and Yoga by Happinez. We advised WPG Uitgevers on this M&A transaction.

Vitestro secures $22m in funding

Vitestro raised $22million (€20 million) in funding to accelerate commercialization of its innovative blood drawing device. The funding was raised from Sonder Capital, NYBC Ventures, Invest-NL, and EIC. We advised Sonder Capital, NYBC Ventures.

HealthSage: €3M for AI

HealthSage AI secured €3M in Seed funding led by Peak.Capital to propel healthcare delivery with generative AI. Other investors included Healthy.Capital, Rubio Impact Ventures and several angel investors. The investment is earmarked to augment the team, commercialize solutions, and accelerate customer deployments. HealthSage AI pioneers transformative healthcare solutions, notably the Note-to-FHIR model, empowering healthcare professionals with generative AI tools to seamlessly integrate unstructured data into healthcare systems. We advised the company and its founders.

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.