INGEN HOUSZ

Value Group (Value Maritime and Value Carbon) has secured Energietransitiefonds Rotterdam (‘ETF-R’) as an investor. The fund’s investment will drive the further development of the Value Hub for CO₂ offloading and processing in Rotterdam. The technology captures CO₂, stores it, and allows it to be effectively reused or stored elsewhere. In the Port of Rotterdam, the maritime industry benefits from emissions reduction enabled by the technology. Value Maritime, part of the Value Group, is the innovative developer and installer of one of the first commercially viable hybrid CO2 capture and exhaust gas cleaning systems, known as Filtree. This system not only captures and stores CO₂ but also cleans sulphur, ultra-fine particulate matter, and CO2 from ships’ exhaust emissions as well as oil residue and particulate matter from the vessels’ washing water. As a result, the Filtree System supports compliance with current and future environmental regulations. The key to the Filtree System is its integrated carbon capture feature which allows ships to store the CO2 they collect onboard in dedicated fixed tanks or non-fixed battery containers. These onboard storage facilities can then be sustainably offloaded in port for reuse or further storage, managed by Value Maritime’s sister company, Value Carbon. Value Group Co-Founder and Director Maarten Lodewijks says, “With Energietransitiefonds Rotterdam as a new shareholder, Value Group gains a strong strategic partner to accelerate the development of our Value Hub in Rotterdam for CO₂ offloading and processing. This partnership not only strengthens the realisation of this Value Hub as a blueprint for future Value Hubs but also drives the ongoing expansion and innovation of our patented Carbon Capture technology.” InnovationQuarter/ ETF-R Senior Investment Manager Reinaud Struycken says, “We are very happy to be able to invest in a sustainable company that supports the reduction of CO₂ emissions in Rotterdam and beyond. Their innovative ‘catch & release’ technology perfectly aligns with our vision for a cleaner and more sustainable Rotterdam. They serve as a prime example of how carbon capture and storage technology can benefit this and other sectors. ETF-R is looking forward to helping Value Group grow.” INGEN HOUSZ (Meelf van Oosten, Daan Gieben) advised InnovationQuarter.

Cradle, a biotech startup, has raised $73M (approximately €69.5M) in a Series B funding round led by IVP with participation from previous investors Index Ventures (Sofia Dolfe) and Kindred Capital VC (Leila Rastegar Zegna). The latest funding round takes the total raised by Cradle to date over $100M (approximately €95.2M). Founded in 2021, Cradle‘s AI platform enables scientists to accelerate the discovery and development of improved proteins by making the process of engineering better proteins significantly easier, faster, and more cost-effective. Stef van Grieken, Cradle’s CEO and co-founder, says, “Cradle was founded on the belief that we could solve global planetary and human health challenges by using generative AI to rapidly accelerate the development of bio-based products. Over the past two years, our research and our collaborations with partners have proven that this technology can deliver remarkable results across a range of applications, from developing new vaccines and sustainable chemicals to novel diagnostics and agricultural crop protection. Our goal is now to put Cradle’s software into the hands of a million scientists and empower them to build great products.” IVP is a venture capital firm that helps breakout companies grow into enduring market leaders. The VC has partnered with over 400 companies, including Abridge, Coinbase, Crowdstrike, Datadog, DeepL, Discord, Dropbox, GitHub, Glean, Grammarly, HashiCorp, Hims & Hers, Perplexity, Pigment, Slack, Snap, Twitter and UiPath. Alex Lim, General Partner at IVP, comments, “Biology is one of the domains where generative AI can have the biggest positive impact and Cradle is leading the way with its pioneering approach to protein design as a digital service. Given the costs associated with drug discovery or similar fields of research, any efficiencies at the R&D stage will translate to both major financial returns for customers and significant real-world benefits for humanity. With impressive results delivered by Cradle’s platform just two years after launch, we see a bright future ahead for one of Europe’s – and the world’s – most consequential AI companies.” INGEN HOUSZ (Joep Wolfhagen, Quirijn van Veen, Joukje Baur, Eeke van Vegchel - Kenninck and Berend Veenstra) advised Cradle (Stef van Grieken, Jelle Prins, Elise de Reus, Eli Bixby).

NORBr, a Dutch Payment Infrastructure as a Service (IaaS) provider, has raised €3 million in funding led by Alstin Capital and joined by previous lead investor Portfolio to further enhance features for payment terminal management, operational efficiency (PayOps), and compliance. NORBr’s CEO, Nabil Naimy highlighted the company’s mission: “With our extensive experience in building payment platforms, we’ve seen firsthand the challenges of high investment, delays, and the ongoing demands of platform management. NORBr was created to solve these issues, providing a robust and innovative infrastructure that supports legacy upgrades and facilitates new market entries for our clients. Our lean, capital-efficient approach has enabled us to deliver a highly impactful solution that maximises client value.” NORBr offers a no-code, flexible platform, enabling rapid deployment and cost-effective payment infrastructure solutions. By integrating with payment service providers (PSPs) and acquirers, NORBr allows clients to efficiently manage multiple payment channels, both online and in-store. What NORBr sets apart is their unique capability for fast integration and adaptability. With tools like Mapper™, merchants can connect to multiple PSPs and onboard new partners in days rather than months, reducing the technical resources needed. This adaptability facilitates quick market access and enhances resilience in managing complex payment flows. Dr. Andreas Schenk, Principal at Alstin Capital, emphasised NORBr’s market potential: “We are thrilled to support such an experienced team in building the next generation of payment infrastructure. This is evident in their enterprise-level technology and impressive customer base. The no-code, omnichannel solution offers two key advantages: Firstly, it enables the fast and secure integration of new payment service providers worldwide, both in physical and online retail. Secondly, NORBr’s infrastructure facilitates the modernisation of legacy systems. We couldn’t be happier.“ INGEN HOUSZ (Quirijn van Veen, Frans Ruijs, Eeke van Vegchel - Kenninck) advised lead investor Alstin Capital.

Amsterdam-based LearnWise AI attracts a €2m seed investment from London-based VC Emerge Education to support students worldwide with responsible AI. Learnwise AI’s vision is to democratize access to support for higher ed students anytime, anywhere. Since it started in 2022, Learnwise AI strives to meet universities wherever they are in their student support journey by implementing our omnichannel AI assistant: it can help with outside-the-classroom requests, such as IT and student services requests, escalation, and triage, or aid students with course logistics and materials. Greg Marschall, CEO of LearnWise AI: ‘Students don’t need another chatbot, they need a personal concierge who understands their complete university journey and fully integrates into the EdTech ecosystem of an institution.’ INGEN HOUSZ (Quirijn van Veen, Berend Veenstra) advised Emerge

819 Capital Partners invests in i-Med Technology   I-Med Technology develops and markets advanced head-mounted 3D imaging systems that provide real-time support, enhancing precision and efficiency in medical and dental procedures. Johan van de Ven, CEO of I-Med: "The support and investment of 819 Capital Partners and LIOF enable us to move swiftly in bringing our technology to more clinicians and expanding our reach in the medical imaging market.” 819 Capital invested in I-Med through 819 Evergreen Fund I, our fund dedicated to investments in deep-tech and med-tech ventures. INGEN HOUSZ (Quirijn van Veen) acted for 819 Capital Partners (Sven Kempers, Wim Smit).

INGEN HOUSZ is recognized as the #1 VC law firm for the Benelux in PitchBook’s Global League Tables for Q3 2024. This quarter INGEN HOUSZ ranks 21th globally. The PitchBook tables credit INGEN HOUSZ with 21 venture capital and growth equity financings in the period July - September 2024 (see table below). These financings infused funding into emerging companies, reflecting our commitment to shaping the new economy. Quirijn van Veen Matthijs Ingen-Housz Joep Wolfhagen Meelf van Oosten Loes Mensink Joukje Baur Eeke van Vegchel - Kenninck Selene Snippe Daan Gieben Daan Smole Fee Njio Willemijn de Wit Berend Veenstra Frans Ruijs

Shop Circle acquires Aiden | Guided selling for e-commerce - the leading intelligent product discovery tool. Already trusted by hundreds of enterprise clients, Aiden helps some of the largest online retailers transform customer indecision into sales. INGEN HOUSZ (Meelf van Oosten, Daan Gieben, Matthijs Ingen-Housz and Frans Ruijs) advised Aiden (Marja Silvertant, Simon van Duivenvoorde) and its selling shareholders.

Sympower raised €21.3 million in an oversubscribed Series B1 round, led by A&G Green Energy's Energy Transition Tech Fund, with backing from European Investment Fund (EIF) and co-investors Activate Capital, PDENH, Expon Capital, and Rubio Impact Ventures. When the grid is out of balance, Synpower temporarily adjusts the power of machines and processes through its automated demand response capabilities. INGEN HOUSZ (Daan Gieben, Loes Mensink and Quirijn van Veen) advised Rubio Impact Ventures.

C2CA Technology B.V. secures 10M€ of Series A funding to build a first-of-a-kind waste concrete upcycling facility. C2CA's goal is to transform the cement and concrete industry to build a sustainable future. The equity round is led by a diverse consortium of impact-driven financial investors, a institutional investor, and strategic partners. Investors include InnovationQuarter (Quentin van Driel) (through the Energy Transition Fund), Taaleri Bioindustry, Chrysalix Venture Capital, Çimsa Building Solutions, TITAN Cement Group, and PI Impact who join GBN Groep, Delft Enterprises B.V. and ADR Technology as shareholders. INGEN HOUSZ (Quirijn van Veen, Daan Gieben) advised C2CA Technology B.V.

Etpa - A new way of power trading attracts €5.5 million in a new funding round. Etpa is a designated European Power Exchange for the short-term electricity markets. New investor 4impact capital invests together with existing investors SET Ventures and ABN AMRO Sustainable Impact Fund. Etpa enables energy market participants to optimise their energy exposure through short-term trades. They provide access to the spot-trading markets in The Netherlands and Germany. Pauline Wink, managing partner and co-founder of 4impact capital says: “Etpa holds a very unique position as only one of three designated power exchanges in The Netherlands and Germany with access to the full order book. With their superior technology they play a pivotal role in the energy transition by also enabling access to these markets for smaller market participants, allowing more customers to improve the stability of the grid with efficient trading. The team has shown very strong progress with a clear roadmap for growth. We look forward to working with Michiel Lensink, Jorrit Nijholt, Diederick Joosten and the team in this expansion phase of Etpa.” Michiel Lensink, CEO of Etpa adds: “This funding round will allow us to grow, expanding geographically and introducing new products, including upcoming offerings in day ahead and intraday auction trading. With the rapid growth of renewables, the energy market is changing very fast. There is a revolution going on in terms of energy storage, flexibility, congestion and trading. Etpa outperforms its competitors in terms of speed, cash management, scalability, cost, and IT connectivity and has shown to be the preferred supplier to many of these new business models." “We’ve been very impressed with Etpa’s developments since we first invested in 2022.” Says René Savelsberg, Partner and co-founder of SET Ventures. “Michiel and the team have been relentless with market expansion. He understands that the energy trading market demands a scalable and transparent solution like Etpa, and that now is the time to further capitalise on this opportunity.” “We are excited to announce the successful closing of this new investment round,” says Pauline de Valk, investment manager of ABN AMRO Sustainable Impact Fund. “Over the past two years, the company has demonstrated remarkable progress by going live on the joint orderbook in both the Netherlands and Germany. With the addition of new products to its offering, the company will be well-equipped to seize the full market opportunity and accelerate its growth trajectory across Europe.” INGEN HOUSZ (Quirijn van Veen, Berend Veenstra, Eeke van Vegchel - Kenninck) advised 4impact capital.