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5.2 million raised by Sympower, PDENH is co-investing

By News, PDENH, Press

March 25, 2021

Even more great news from the PDENH managed by us. PDENH is participating in an investment round in Sympower, in which it has been participating since 2019. Sympower supplies smart software to balance the supply and demand of electricity on the grid. The investment round was successful, Sympower raised 5.2 million euros. Read all about it in the press release below.

- press release - 

5.2 million raised by Sympower

Together with Koolen Industries, Rubio Impact Ventures, Enfuro Ventures and Casper Peeters, PDENH is participating in an investment round in Sympower. Since mid-2019, PDENH has been participating in Sympower, which supplies smart software to balance the supply and demand of electricity on the grid.

Anthony Viellevoije, Investment Director at PDENH:
“We are proud of the progress Sympower has made since our first investment in the summer of 2019, which has given shape to the company's international rollout from Finland to Sweden and the Netherlands. With this follow-on investment, we reaffirm our confidence in the team, re-accelerate the roll-out to other European countries and create high-quality local jobs in the province of North Holland. ”

The investment underscores the strong, rapidly increasing demand for flexibility solutions, which is reflected in the rising share of renewable energy sources and the opening of new European electricity markets, as encouraged by the European Commission. At this crucial point in the energy transition, the growth of Sympower will be further accelerated by the new financing.

Flexibility is essential for the energy transition. It helps to maintain a stable electricity system by balancing supply and demand in the face of the increasingly unstable supply of solar and wind sources and the demand for e-mobility and electric heating. Sympower's software solution can manage a wide variety of electrical assets and processes such as steel smelting, paper making, electric vehicles and HVAC systems and use them to support the electricity system. Sympower is active in Finland, Sweden and the Netherlands and its customers include grid operators such as Fingrid, Svenska Kraftnät and TenneT. It also partners with the leading European energy company Vattenfall in Sweden.

Read the whole here press release.

My 5 maxims for impact investing

By Blog, Financing impactfully, News, StartGreen Capital

March 22, 2021

Attention to climate change has grown enormously in recent years. An old generation has been shaken up and a new generation has emerged. One that is more and more in action mode to make 'impact'. I myself also made the transition from a corporate strategy consultant to an impact investor at StartGreen Capital. But what is impact investing and how do I distinguish myself from the 'normal' investors? With every investment I follow 5 simple rules to determine whether it is a 'normal' investment or an 'impact' investment. These rules ensure that I can continue to say that I am an 'impact investor'. And I would like to share them with you here.

Read More

PDENH is co-investing in new investment round Dexter Energy

By News, PDENH, Press

March 18, 2021

Breaking! PDENH co-managed by us is investing again in Dexter Energy. Dexter has successfully raised an additional € 2.0 million to continue their mission, helping energy companies make the smooth transition to renewable energy generation. Read all about it in the press release below.

- press release - 

Newion leads € 2 million investment round in Dexter Energy - for an accelerated energy transition

AMSTERDAM, March 18, 2021 - Dexter Energy, a fast-growing startup helping energy companies in Europe optimize their energy portfolio using AI, has received € 2 million in a Series A round of investment led by Newion, early stage investor in B2B software companies. Existing investors PDENH, Stephen Asplin and Andreas Gelfort also participated in this round.

The electricity market is changing due to the energy transition. Where previously a select number of fossil-powered power plants supplied power on demand, green energy now flows into the grid when the wind blows or the sun shines. To deal with this, companies with extensive energy generation or consumption increasingly have to anticipate erratic weather and market conditions.

Dexter Energy meets the need to reduce the uncertainties resulting from the energy transition. Using AI-driven software, Dexter Energy predicts energy flows and market movements, so that companies can optimize their generation and consumption. Customers also get a grip on increasing imbalance costs as a result of the energy transition. Emission-free electricity sources are therefore stronger in the market, and fossil sources can be scaled down earlier.

Luuk Veeken, CEO and founder of Dexter Energy:
“We are very pleased with this financing, which will be used to further improve the products for our customers. Newion has a strong track record in expanding and scaling software companies. We would like to benefit from their knowledge and experience and hope to roll out our optimization software to all liberalized European energy markets in the coming years. ”

Patrick Polak, Managing Partner of Newion:
“Dexter Energy is accelerating the energy transition, not only in the Benelux, Germany and the UK, but soon also in the rest of the world. We see many opportunities and will be very happy to support the Dexter team in their further growth towards market leadership. ”

Anthony Viellevoije, Investment Director at PDENH:
“We are extremely proud of Dexter's success and are happy to confirm our confidence in the team with a contribution to this Series A round. Dexter Energy's forecasting solutions accurately and automatically predict the load on the energy grid, which is crucial for energy companies. ”

On the photo the management team Dexter Energy, from left to right: Luuk Veeken (CEO), Fons de Leeuw (CTO), Hubert Penn (CCO), Tom Lemmens, (Head of Analytics)

More about Dexter Energy

Borski Fund invests in leading femtech company INNOVO

By Borski Fund, News, Press

March 8, 2021

The leading femtech company INNOVO announced today that it has two new investors on board. One of them is in the portfolio of StartGreen Capital, which we founded Borski Fund is going to invest in INNOVO. The investment from Borksi will be used, among other things, for market expansion of INNOVO's commercial activities in the US and the UK. INNOVO technology is used for the treatment of urinary incontinence. Read more about this in the press release below.

- press release - 

Leading Femtech Brand INNOVO Attracts Two New Investors

  • INNOVO adds significant incremental investment for pioneering home-based treatment for stress urinary incontinence, a condition that impacts 1 in 3 women worldwide
  • Netherland's Borski Fund backs female-led, femtech focused companies
  • Largest single investment Ireland's Western Development Commission has madeto date
  • Financing will support the expansion of Atlantic Therapeutics commercialization activities into their core US & UK markets & beyond

Atlantic Therapeutics, the Galway-based company pioneering a non-invasive, wearable treatment for urinary incontinence, today announced it has raised significant new investment from the Borski Fund (Netherlands) and the Western Development Commission (Ireland).

The Borski Fund addresses the venture capital gender gap through investments in female-led and femtech companies, and their support for Atlantic Therapeutics is a strong endorsement of the progress made since the appointment of CEO Susan Trent in mid-2020. WDC Investment Fund's support for Atlantic Therapeutics is the largest investment the group have made to date and is complemented by returning investors Seroba Life Sciences, Earlybird, LSP, Andera Partners and Atlantic Bridge, who continue their ongoing support for the company with a substantial undisclosed investment .

The financing will support the expansion of the company's commercialization activities in the core US and UK markets for its INNOVO technology to treat urinary incontinence. Also known as bladder weakness, urinary incontinence is a stigmatised condition that impacts one in three women worldwide, having a profoundly negative impact on quality and enjoyment of life.

Atlantic Therapeutics has established the INNOVO brand as the leading innovation in non-invasive, wearable neuromuscular electrical stimulation. The device acts to strengthen the pelvic floor and thereby treat the underlying cause of bladder weakness. Today, the market for disposable products to manage this life-limiting condition, such as pads and liners, is growing significantly worldwide. These non-curative, symptom-masking solutions carry a significant lifetime cost and are environmentally unsustainable. For the 1 in 3 women living with UI, INNOVO will offer a revolutionary solution to bladder leaks, helping them to break free from their daily reliance on pads and diapers.

Commenting in the investment, Simone Brummelhuis, Partner at the Borski Fund, said:
While 51% of the world population are women, most innovations are male centric. Atlantic Therapeutics is not only addressing this underserved market head-on, with the INNOVO product it serves an unmet need of a very large group of women. The combination of respected pan-European investors, the medical and science based sustainable product and the vision and strategy of the team led by Susan delights us at Borski Fund in supporting Atlantic Therapeutics in their growth and international expansion. ”

Gillian Buckley, Investment Manager at the Western Development Commission said:
The WDC Investment Fund has helped support the position of the West of Ireland as a start-up hub for indigenous medtech and life science companies building on the region's reputation as a global center of excellence. Atlantic Therapeutics is our 35th life science investment making the WDC Investment Fund one of the largest medtech / life science investors in the country. The WDC is an impact investor so we seek not only a financial return on investment but also seek a socio-economic impact. Atlantic Therapeutics offers both, it will support high quality jobs in Galway and Mayo as well as addressing a significant women's healthcare issue. ”

Atlantic Therapeutics CEO, Susan Trent commented:
“We are thrilled to have such strong support from the Borski Fund and the Western Development Commission and I look forward to working closely with them on realizing the incredible potential of our brand. We are a proudly female-led, female-focused company, and we are excited to be bringing the first-in-world INNOVO technology to several key global markets from our base in Galway. We firmly believe that INNOVO represents a paradigm shift in the $13bn urinary incontinence market when compared to the current sub-optimal choices. This investment will help us to accelerate global momentum for INNOVO and allow us to amplify the launch of our next generation innovation later this year. ”

To the article

One year Borski Fund

By Borski Fund, News

March 3, 2021

The first year of the co-founded Borski Fund is finished. We would like to show you here what has been done and achieved.

Three years ago we started to think about a large fund focusing on diversity and technology. Last year our dream came through by launching Borski Fund, named after Johanna Borski (1764 - 1846) who was the first woman to buy shares in De Nederlandsche Bank, in presence of Queen Máxima and Klaas Knot.

One year in, despite these difficult and uncertain times, we managed to put together a good team, generate publicity, create a gigantic deal flow, and we have worked very hard to talk to as many female entrepreneurs as possible. We managed to add 4 awesome participations to our fund, and we have a beautifully filled pipeline for 2021. We believe we can make an important contribution and substantially increase the % of capital that is invested in female entrepreneurship. We are proud of our investors supporting us. They put trust in us for our mission and our journey. The results we have achieved are outlined in the following infographic.

With our team, we would like to thank you for your involvement in our mission to reduce the investment gap.

 

Simone Brummelhuis has been named one of the most influential women in European start-ups

By Borski Fund, News

February 18, 2021

Simone Brummelhuis, director of the co-founded Borski Fund and The Next Women, has been named one of the 10 most influential women in European start-ups. She has achieved a nice 3rd place in this list of 10 important 'influencers' and is in good company.

Business Chief says of her: "Simone Brummelhuis is committed to investing in diverse teams and providing capital and resources to female entrepreneurs." Simone, congratulations!

To the article

Battery technology innovator E-magy raises 5 million, PDENH is co-investing

By News, PDENH, Press

February 10, 2021

New EUR 5m investment round for E-magy. E-magy is developing nanotech silicon material for the next generation of Li-ion batteries, which material will provide a 40% higher energy density. A potential game changer, so that eg electric cars will obtain a longer range and faster charging time. PDENH - co-managed by StartGreen Capital - as current shareholder again invests substantially in this round led by Shift.

 

 

-PRESS RELEASE-

BATTERY TECH INNOVATOR E-MAGY RAISES € 5 MILLION IN FUNDING ROUND LED BY SHIFT INVEST

Funds will be used to scale production of proprietary nano-porous silicon and to accelerate qualification programs with electric vehicle (EV) and battery manufacturers
• The company will expand the team and prepare for the construction of a new facility in the Netherlands with production planned for 2023
• Use of E-magy's specialty silicon in EV battery anodes increases energy density of battery cells by 40%, enabling longer-range EVs and lower-cost compact cars

Dutch battery tech scale-up E-magy has secured an additional € 5 million of funding. SHIFT Invest, an impact venture capital fund that invests in circular technologies, smart food & ag-tech, biobased innovations and smart materials, has led the funding round with participation of existing investors including PDENH. The Dutch Ministry of Economic Affairs and Climate Policy has committed an innovation credit to accelerate the development of E-magy's unique technology.

The fresh capital injection enables E-magy to increase production at its fully operational pilot production line for nano-porous silicon and accelerate qualification programs with automakers and battery manufacturers. The company will also use the funds to expand the team and make preparations for a new facility in the Netherlands which will boost annual capacity to thousands of tons per year. E-magy plans to start production at the new facility in 2023.

Casper Peeters, co-founder and CEO: “The additional funding comes at an exciting time as we are scaling up production capacity of our proprietary nano-porous silicon and are advancing with automakers and battery manufacturers to improve battery cell performance. Nano-porous silicon is the solution to the urgent need for high-energy batteries, enabling affordable and efficient electric vehicles for everybody. E-magy is set to power millions of electric vehicles. ”

Bram Ledeboer, partner at SHIFT Invest: “We are pleased to support the E-magy team to become a leading supplier to the EV battery industry. Innovation plays a crucial role in rebalancing the world we live in and E-magy is well positioned to create significant impact by boosting the performance of batteries at lower costs. ”

The technology
E-magy processes silicon in a unique, cost-effective and scalable way to make 'nano-sponge' particles for high-capacity silicon anodes of lithium-ion batteries. E-magy's nano-porous silicon improves the energy density by 40% and shortens the charge time of batteries allowing for an extended range at lower costs and leading to more compact models than today's high-end vehicles. Silicon is abundantly available and environmentally benign.

The opportunity
As almost all global automakers focus on the production of new series of all-electric and plug-in EVs, the demand for batteries is rising exponentially. E-magy offers a highly scalable, next generation battery material that can provide automakers with a clear competitive edge. Moreover, E-magy's technology platform allows for use in various other devices such as e-bikes and scooters, drones, computers and handheld devices, medical devices and electric energy storage systems for balancing of (renewable) energy supply and demand.

More about E-magy

Results and impact StartGreen and its funds in 2020

By News, StartGreen Capital

A new year, full of new opportunities, we look forward to 2021. Just like many others, 2020 turned out differently than expected for us. But with the strength and creativity of our team and our network, we were able to achieve a number of great highlights with our funds last year. It means that StartGreen Capital really functions as a catalyst for sustainable progress. And we are quite proud of that.

What did we and our funds do in 2020 and for whom? View our impact in 2020 at a glance in the infographics below.

StartGreen Capital now has 6 funds under management and wants to be a catalyst for sustainable progress by financing major social themes such as the energy transition, diversity and circularity.

Energiefonds Overijssel is working on 20% new energy in 2023 and an energy-neutral Overijssel in 2050. To further accelerate the energy transition in the province, the fund finances projects in renewable energy, energy saving and innovations that make this possible.

Participation Fund Sustainable Economy Noord-Holland stimulates sustainable business, employment and innovation in the province.

At Oneplanetcrowd, more than 30,000 forward-looking investors invest in companies that contribute to a more sustainable and social world. In 2020, we passed the 70 million capital raised mark.

The Sustainable SME Fund focuses on sustainable SME entrepreneurs who have run into problems due to the corona crisis. For a sustainable restart of the economy, it is important that these companies emerge from the crisis in a healthy way.

Borski Fund wants to stimulate a more diverse society by also giving female entrepreneurs access to knowledge, capital and network in order to create the investment gap between female and male entrepreneurs.

We would like to thank our network for the efforts, involvement and cooperation during the past year. With their support, we have succeeded in financing many innovative entrepreneurs who contribute to the energy transition, diversity and circularity with their companies or projects.

 

 

 

We wish you happy days and an impactful 2021

By News

The StartGreen Capital team wishes you a very nice day and an impactful 2021.

Next year we would like to continue to work with you on the financing of an economy that does not exhaust itself and in which everyone can participate to his or her full potential. Until 2021!

 

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