Participated · Equity · Apr 2024

Solarge produces lightweight, fully circular solar panels that the company says are PFAS-free, recyclable, non-toxic and have a low CO2 footprint. Its panels are customisable for partners and priced competitively, and Solarge highlights that the reduced weight makes 40% more roofs in the Netherlands eligible for solar. The company also states its panels are guaranteed not to involve forced labor. Founded in 2018 by Jan Vesseur, Huib van den Heuvel and Gerard de Leede, Solarge is based in Eindhoven’s High Tech region. The startup is scaling production and plans to expand its manufacturing facility in Weert to meet demand. Investors and founders say the product helps maintain solar-panel production in the Netherlands and EU amid global market pressures.

Participated · Equity · Mar 2024

Phycom develops and produces multiple microalgae species using a modular, fully closed cultivation system designed for high-yield, year-round output with minimal environmental impact. Founded in 2008, the company supplies the B2B food and feed sectors with algae ingredients and cultivation optimisation services. It operates two production facilities in Veenendaal built over the past four years, demonstrating scalability and feasibility of its technology. Phycom conducts projects with partners such as Wageningen University and Research to study algae functionality, market applicability, and product applications. The company plans to scale industrial production, expand marketing activities, and continue technology development to broaden product applications and availability. Phycom produces high-quality microalgae ingredients and offers cultivation optimisation services for food and feed customers. The company has developed an economically viable, scalable modular closed cultivation system that can grow multiple microalgae species simultaneously. Its fully closed system minimises environmental impact and ensures year-round production. Over the past four years Phycom has built two production facilities in Veenendaal, demonstrating scalability and feasibility of its technology. Phycom also collaborates on research into algae functionality and applications, including projects with Wageningen University and Research. The company plans to use the new funding to optimise technology, scale up microalgae production and sales, and strengthen its go-to-market strategy and organisational growth. Financially, Phycom has raised over €10.5M in total following the latest round.

Participated · Equity · Jun 2023

Karma Kebab began as a sustainable late-night snack developed for Lowlands festival and sells a 100% plant-based kebab made from Dutch celeriac and grains. The brand operates distinctive food trucks at festivals and has developed a fixed 'festival food bar' formula aimed at young adults. Its first permanent location opened in Utrecht in June 2022 and a pop-up launched in Amsterdam in early 2023. The company combines foodservice with live events and activities to recreate a festival vibe in a fast-casual setting. Management plans to expand to multiple 300 m2 locations in major Dutch cities, with new sites planned in Amsterdam after summer and Rotterdam early next year and a target of at least 25 locations by end-2028. Financially, Karma Kebab has just secured new growth capital to support this expansion and international scaling ambitions.

Led · Equity · Jun 2023

Ecochain provides life cycle assessment (LCA) software to manufacturers to measure product and site-level environmental impacts. It offers two solutions: Ecochain Mobius, a product-focused footprint tool for eco-design, and Ecochain Helix, a bulk solution for measuring manufacturing-site impacts, both supported by large global databases. The company serves sectors including packaging, construction, apparel, food and beverage, and consumer electronics. Ecochain has secured €3 million to grow its team and expand its technology and marketing functions. The business argues its tools make high-quality LCAs accessible and actionable across multiple impact areas beyond carbon, such as water and land use. Rising regulatory requirements, including the EU Corporate Sustainability Reporting Directive (CSRD), are increasing demand for its software as companies face broader sustainability reporting obligations.