Led · Series B · Nov 2022

Dwarfs buys and consolidates e‑commerce marketplace brands, operating as the only marketplace aggregator from the Benelux region. The company pursues acquisitions to build scale and centralize expertise and infrastructure across acquired brands. Management has a shortlist of targets with a combined turnover of approximately €100 million and aims to complete multiple deals quickly to reach a revenue tipping point. Dwarfs has previously used debt to fund acquisitions, closing a €30 million debt financing in September 2021 to buy four brands. Its strategy and growth plan were disrupted when a planned larger debt facility was derailed by the war in Ukraine. To date the company has raised €67.5 million in total capital. Dwarfs acquires and operates online consumer brands, primarily in lifestyle and home furnishings niches. The company uses external financing to fund acquisitions and growth, most recently securing debt capital to close multiple deals. It has targeted four brands—Slaapkalm, Calmzy, Litollo and Kristie’s Kitchen—covering weighted blankets, bedroom accessories, pregnancy pillows and kitchenware. Three of the four online stores currently operate only in the Netherlands, while the fourth already sells across multiple geographies. Dwarfs plans to help these niche brands expand internationally and multiply revenues through its know-how and scale. The company is also pursuing additional equity capital this month and is preparing a larger debt- and equity-based Series B raise.

Participated · Series B · Feb 2022

Bold is a Colombia-based fintech focused on equipping small and medium-sized enterprises with a suite of digital payment tools, including POS terminals, QR-code payment software, and online business bank accounts. The company recently enhanced its regional footprint by acquiring VendeMás, the payment facilitator previously owned by Niubiz, as part of its entry strategy into Peru. With the new capital, Bold plans to deepen its operations in the Peruvian market over the next year and is actively evaluating expansion opportunities in Ecuador, Chile, and various Central American countries. Co-founder and CEO José Vélez emphasized that the fresh resources will accelerate product enhancement and geographic growth. Financially, the company has now secured two sizeable rounds in quick succession: a $50 million Series C earlier in 2024 and the current $40 million round. Although specific revenue or user metrics were not disclosed, the repeated backing of General Atlantic signals strong investor confidence. Bold’s overarching goal is to become a leading payments infrastructure provider for SMEs across Latin America.

Participated · Series A · Sep 2013

BoosterMedia runs an HTML5 games platform and distribution network that lets developers publish ad‑funded free‑to‑play and freemium games (with in‑app purchases) across multiple devices using a single code base. The platform includes social community features and distribution partnerships with leading brands and portals, giving direct access to millions of mobile gamers in almost 25 countries. The company supports publishing across the mobile web and app stores and plans added support for HTML5‑dedicated operating systems such as Firefox OS and Tizen. BoosterMedia has been expanding internationally, recently opening an office in Tokyo and planning new offices in Singapore and São Paulo. The funding will also be used to enhance the platform and expand its in‑house games studio in partnership with brands and IP owners. Headquarters are in Amsterdam, The Netherlands. BoosterMedia operates an HTML5 mobile games distribution network and an in-house HTML5 social game development studio that supplies mobile gaming destinations to online media and gaming brands. The company aims to reach gamers beyond traditional channels like app stores and says it reaches millions of mobile gamers in over 25 countries across Europe, Latin America and South‑East Asia. BoosterMedia plans to expand its international distribution and will introduce platform enhancements at Casual Connect Europe in Hamburg, including friend connections, virtual currencies, achievements and leaderboards. The company was founded in 2009 and is based in Utrecht, The Netherlands, and currently employs 30 people. Financially, BoosterMedia has secured outside funding to support its expansion and product enhancements.

Participated · Equity · Mar 2013

BackupAgent provides platform-agnostic cloud backup software aimed at service providers, hosting companies and telcos that sell backup services to SME customers. Its software can handle large laptop/desktop environments as well as server farms, including file and database servers and virtual environments. The platform is deployed at more than 400 service providers, hosting companies and telcos, including customers such as KPN and Portugal Telecom. BackupAgent reports roughly 35,000 end-users globally on its platform. The company is based in The Netherlands and plans to use the new funding to strengthen its global footprint and develop its platform further. Financially, it has secured a new investment to support those growth and product-development goals.