Marktlink Capital closes second Venture Capital Fund-of-Funds at €80 million

Marktlink Capital

Amsterdam 15 July 2024 – Marktlink Capital has successfully closed the subscription for its second venture capital fund-of-funds in six months, securing €80 million in capital commitments from approximately 150 private investors. This second fund follows the success of the first fund launched in 2022, which was fully subscribed within six months. A significant portion of the private investors in the new fund also invested in the first fund, attracted by the access to top venture capital funds in Europe and North America.

Unicorns and trends
The strategy, size, and diversification of the funds in the second venture capital fund-of-funds are largely similar to those in 2022. Based on extensive research, the Marktlink Capital team selects funds that perform exceptionally well. “There are thousands of VC funds, but only a few consistently perform well”, says Bouke Marsman, partner at Marktlink Capital. “In venture capital, good funds continue to perform well year after year. 85% of Unicorns (companies valued over a billion) are owned by just 5% of the funds.”

Marsman continues, “Only 0.5% of companies grow into Unicorns, but ten companies in our portfolio have achieved that status. This is relatively high, especially considering we’ve only been operating for a year and a half. The results so far are in line with our expectations.”

Marktlink Capital has taken broader technological trends into account when composing its portfolio, including Artificial Intelligence (AI). Marsman explains, “With an investment in Saga Ventures, a fund specialising in AI led by Max Altman, and in funds backing the European AI champion Mistral, we aim to reflect this trend in our portfolio.”

About Marktlink Capital
Marktlink Capital, born from the merger of Marktlink Investment Partners and Welt Ventures, is an investment company providing entrepreneurs and private investors with access to the best private equity and venture capital funds in Europe and North America. The team consists of approximately 35 FTEs with specialist knowledge and experience in private equity and venture capital. To date, more than €1.5 billion in committed capital has been secured, almost entirely from Dutch entrepreneurs. The initiator of Marktlink Capital is Marktlink, which has been advising entrepreneurs on the sale or purchase of companies in the upper mid-market segment since 1996. With more than 300 employees and 150 deals per year, Marktlink understands the critical role private equity and venture capital play in the development and growth of businesses.



Categories: News


Veesual raises a $7.5 million Seed round


AI-Powered Virtual Try-On Technology Platform For The Fashion Industry Veesual Raises $7.5 Million, Announces US Expansion With New EILEEN FISHER Partnership

Investment for market leader of image generation technology for fashion brands and retailers in Europe will now support US customers looking to overcome inclusivity challenges

New York, NY—April 17, 2024—Veesual, a Paris-based virtual try-on platform for the fashion industry that revolutionizes the way online shoppers experience digital retail, today announced the closing of a $7.5 million dollar Seed round led by AVP (AXA Venture Partners) and Techstars. The investment will accelerate delivery of the company’s plans to expand into the US market by opening its first US-based office, recruiting senior US talent, enhancing its current product offering for US apparel companies and more. A cornerstone of Veesual’s US expansion is a new partnership with leading women’s fashion brand EILEEN FISHER. Under the terms of the collaboration, Veesual’s augmented shopping experiences powered by next-generation virtual try-on technology have been integrated into the EILEEN FISHER online shopping experience.

Founded in 2020, Veesual is on a mission to transform the online shopping experience for all customers, independent of style, fit and fashion preferences. Through its Augmented Shopping solutions Mix&Match, Switch Model and Look Inspiration, Veesual’s proprietary 2D-based Image Generation Engine (IGT) was designed specifically for fashion brands to deliver high-quality imagery at scale, and to be able to adapt several pieces of clothing on any model, with natural renderings and precise fitting. Veesual works with leading brands and retailers in Europe including premium (Claudie Pierlot), kids fashion (Sergent Major and DPAM), and popular fashion (La Redoute and Gemo).

While brands are working to reflect diversity for e-commerce shoppers by featuring models of different ethnicities, ages and body types, it can be extremely costly to shoot individual products on various models. Veesual’s Switch Model experience allows customers to choose a model they identify with while simultaneously accelerating online sales and reducing returns for brands.

We are thrilled to be the first US brand to partner with Veesual on this innovative new virtual try-on tool,” notes Blair Silverman, Vice President of E-commerce at EILEEN FISHER. “EILEEN FISHER is committed to inclusivity, designing clothes that cater to every body shape. Navigating online shopping poses challenges, particularly in predicting how garments fit diverse body types. Our collaboration with Veesual addresses these challenges head-on and we are proud to be launching a tool that is sure to be a new standard for e-commerce.

While 3D-based try-on technology can be expensive and time-consuming, 2D image solutions offer a scalable and cost-effective solution for brands that engage shoppers. According to recent data published by Insider Intelligence, by 2026 e-commerce is expected to total over $8.1 trillion and 24% of retail purchases are expected to take place online. Veesual enables brands to create a more seamless and inclusive shopping experience for customers and in turn, yield higher sales and a lower return rate, allowing them to capture a larger percentage of online sales.

We are proud to invest in Veesual, in order to accelerate its commercial roll-out and pursue its technological developments, as well as its international expansion,” said François Robinet, Managing Partner of AVP. “We believe in Maxime and his team’s vision. They have demonstrated a strong ability to execute and understand market challenges by offering fashion brands solutions to optimize their customer experience. With a presence on both sides of the Atlantic, AVP’s teams will be able to support Veesual in the next stages of its development.

To support aggressive growth in the US, Veesual is working to recruit more senior talent and will open its first US office in New York in 2025. In addition to e-commerce, Veesual aims to create value for brands by displaying generated images on their acquisition and retargeting channels.

“The global fashion ecosystem is undergoing a seismic shift right now. The industry is increasingly focused on sustainable production, a better, more relevant buying experience and upcycling as a new standard. At Veesual, we’re meeting those changes by drastically improving how shoppers buy online which creates a more inclusive retail experience while also improving fit and reducing waste,” said Veesual Co-Founder and CEO, Maxime Patte. “This fundraise is critical for our plans as we scale in the United States with brands who are pioneering the augmented shopping experience. We anticipate significant growth in 2024 and beyond.

About AVP

AVP is a global venture capital firm specializing in high-growth, technology-enabled companies, managing more than $2 billion in assets across four investment strategies: Venture, Growth, Late Growth, and Fund of Funds. Since its establishment in 2016, AVP has invested in more than 60 technology companies in Venture and Growth stages in the US and Europe. With offices in New York, London, and Paris, AVP supports companies in expanding internationally and provides portfolio companies with tailored business development opportunities to further accelerate their growth. AVP operates under AXA IM- Alts, the alternative investment business unit of AXA IM.

For more information, visit
Contact: Sébastien Loubry, Partner Business development (

About Veesual

Founded in 2020, Veesual was developed when co-founders Maxime Patte and Damien Meurisse recognized the limited means of fashion brands to visually engage diverse customers online. The platform offers solutions that leverage the power of images to create inclusive experiences that engage all customers. Globally, brands including Claudie Pierlot, Sergeant Major and La Redoute use Veesual. To date, these partnerships have outperformed expectations, with a 75% average increase in conversation rate and a more than 20% increase in average order value for shoppers who engaged with one of Veesual’s solutions. Veesual, a Techstars portfolio company, was part of Station F’s Founders program and has raised $7.5M to date. For more information, please visit


EILEEN FISHER has been making a system of simple, timeless clothes for nearly 40 years. A socially conscious company, EILEEN FISHER designs its clothing to be part of a responsible lifecycle, starting with sustainable materials, then taking back its clothes to be resold (Renew) or remade into something entirely new (Waste No More). The company became a B Corp in 2016, which means it voluntarily meets high criteria for social and environmental performance, accountability and transparency. The company’s clothes are sold online at, in more than 50 EILEEN FISHER stores in North America and over 500 department and specialty stores globally. Good-as-new pieces are resold at, in two EILEEN FISHER Renew stores, and select EILEEN FISHER retail stores nationwide.

Media Contact

Courtney Page
Rally Point PR

Dawn Capital and Insight Partners back Spain’s data startup Onum with a $28m Series A


The startup will use the money to expand to the US

Zosia Wanat

2 min read

Madrid-based Onum has raised a $28m Series A led by Dawn Capital — just seven months after its launch. The startup, which helps companies manage and monitor big datasets, will use the money to expand globally, mostly to the US.

What does Onum do? 

Onum’s mission is to help companies isolate and observe valuable information within large datasets in real-time.

According to the company, only about 15% of a typical organisation’s data is business-critical, requiring immediate analysis. Since most businesses have no way of discerning the valuable information from the noise, however, many organisations send all of their data to analytics platforms for analysis, resulting in higher costs and longer processing times.

Onum gives the example of a large bank that’s trying to enhance its IT network security capabilities and meet strict compliance requirements. The startup says it allows the bank to focus exclusively on the data that matters, so they can more accurately and cost-effectively detect security threats based on warning signs in their data across their whole network.

Unlike some of its competitors, Onum says it doesn’t only reduce the amount of data that a client needs to process, but can also tailor the service to individual business needs, such as risk reduction, compliance, customer usage, and network efficiency.

The startup was cofounded in October 2023 by Lucas Varela, Pedro Tortosa and Pedro Castillo, the latter of whom also founded cloud analytics and security platform Devo, valued at more than $2bn. It says it’s already won several enterprise customers including major financial institutions, global consulting firms and large telecommunications companies, mostly in Spain.

Where will the money go? 

Onum employs nearly 50 employees, and plans to use the fresh funding to accelerate product development and hire more people this year, opening a new office in Boston.

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Who has invested? 

  • Dawn Capital, London-based B2B software VC venture capital;
  • Kibo Ventures, Madrid-based VC;
  • Insight Partners, New York-based VC.

Categories: News


Metaview’s tool records interview notes so that hiring managers don’t have to

Fly Ventures Logo

Illustration of a group of applicants waiting outside a door for a job interview.

Image Credits: lemono / Getty Images

Siadhal Magos and Shahriar Tajbakhsh were working at Uber and Palantir, respectively, when they both came to the realization that hiring — particularly the process of interviewing — was becoming unwieldy for many corporate HR departments.

“It was clear to us that the most important part of the hiring process is the interviews, but also the most opaque and unreliable part,” Magos told TechCrunch. “On top of this, there’s a bunch of toil associated with taking notes and writing up feedback that many interviewers and hiring managers do everything they can to avoid.”

Magos and Tajbakhsh thought that the hiring process was ripe for disruption, but they wanted to avoid abstracting away too much of the human element. So they launched Metaview, an AI-powered note-taking app for recruiters and hiring managers that records, analyzes and summarizes job interviews.

“Metaview is an AI note-taker built specifically for the hiring process,” Magos said. “It helps recruiters and hiring managers focus more on getting to know candidates and less on extracting data from the conversations. As a consequence, recruiters and hiring managers save a ton of time writing up notes and are more present during interviews because they’re not having to multitask.”

Metaview integrates with apps, phone systems, videoconferencing platforms and tools like Calendly and GoodTime to automatically capture the content of interviews. Magos says the platform “accounts for the nuances of recruiting conversations” and “enriches itself with data from other sources,” such as applicant tracking systems, to highlight the most relevant moments.

“Zoom, Microsoft Teams and Google Meet all have transcription built in, which is a possible alternative to Metaview,” Magos said. “But the information that Metaview’s AI pulls out from interviews is far more relevant to the recruiting use case than generic alternatives, and we also assist users with the next steps in their recruiting workflows in and around these conversations.”


Image Credits: Metaview

Certainly, there’s plenty wrong with traditional job interviewing, and a note-taking and conversation-analyzing app like Metaview could help, at least in theory. As a piece in Psychology Today notes, the human brain is rife with biases that hinder our judgement and decision making, for example a tendency to rely too heavily on the first piece of information offered and to interpret information in a way that confirms our preexisting beliefs.

The question is, does Metaview work — and, more importantly, work equally well for all users?

Even the best AI-powered speech dictation systems suffer from their own biases. A Stanford study showed that error rates for Black speakers on speech-to-text services from Amazon, Apple, Google, IBM and Microsoft are nearly double those for white speakers. Another, more recent study published in the journal Computer Speech and Language found statistically significant differences in the way two leading speech recognition models treated speakers of different genders, ages and accents.

There’s also hallucination to consider. AI makes mistakes summarizing, including in meeting summaries. In a recent story, The Wall Street Journal cited an instance where, for one early adopter using Microsoft’s AI Copilot tool for summarizing meetings, Copilot invented attendees and implied calls were about subjects that were never discussed.

When asked what steps Metaview has taken, if any, to mitigate bias and other algorithmic issues, Magos claimed that Metaview’s training data is diverse enough to yield models that “surpass human performance” on recruitment workflows and perform well on popular benchmarks for bias.

I’m skeptical and a bit wary, too, of Metaview’s approach to how it handles speech data. Magos says that Metaview stores conversation data for two years by default unless users request that the data be deleted. That seems like an exceptionally long time.

But none of this appears to have affected Metaview’s ability to get funding or customers.

Metaview this month raised $7 million from investors including Plural, Coelius Capital and Vertex Ventures, bringing the London-based startup’s total raised to $14 million. Metaview’s client count stands at 500 companies, Magos says, including Brex, Quora, Pleo and Improbable — and it’s grown 2,000% year-over-year.

“The money will be used to grow the product and engineering team primarily, and give more fuel to our sales and marketing efforts,” Magos said. “We will triple the product and engineering team, further fine-tune our conversation synthesis engine so our AI is automatically extracting exactly the right information our customers need and develop systems to proactively detect issues like inconsistencies in the interview process and candidates that appear to be losing interest.”

Funding for TripleMed to achieve CE marking

Brightland Venture Partners


Solutions for better treatment of aortic aneurysms step closer

Geleen, March 21, 2024.

TripleMed BV is a medical startup focused on improving the treatment of aortic aneurysms. A consortium of existing and new investors has contributed more than two million euros to enable the clinical trials needed for CE marking and market launch. The aim is to achieve CE marking early in 2025. LIOF previously invested from the Limburg Business Development Fund (LBDF) and has now taken a stake in the company through the Participation Fund. Existing shareholder Brightlands Venture Partners (BVP) reinvested in TripleMed from its Chemelot Ventures fund.

Lenn Houbiers, investment manager at LIOF
: “The TripleMed solution will eventually lead to more efficient management of aortic aneurysms, better quality of life and lower healthcare costs. In doing so, TripleMed makes an important contribution to the health transition, one of the transitions on which LIOF is strongly focused.”

Solutions under development
TripleMed is currently conducting clinical studies at a number of hospitals in the Netherlands and Belgium to validate AneuFix Endoleak Repair (fixing a leak after aneurysm surgery) and AneuFill Prophylactic Sac Filling (preventive insertion of a polymer to prevent leaks). The AneuFix/AneuFill concept is a 2-component polymer in a syringe. Upon insertion, the 2 components are mixed and then harden into an elastic permanent implant in the aneurysm.

Clinical trials started in 2020, 33 patients have been treated to date. The interim results of the clinical trial are very positive, in 89% of the patients the leakage remains stopped for a long time. By the end of 2024, the company hopes to have treated 57 patients and thus completed the clinical study so that CE marking can be obtained for AneuFix, followed in 2026 by CE marking for Aneufill.

“We are pleased with the new financial injection that will allow us to continue our research and achieve the certification required for the market launch of both products” said Tjeerd Homsma, CEO of TripleMed.”

Extent of aortic aneurysms
More than 150,000 patients worldwide are treated for aortic aneurysms each year. As many as 10-15% of all aortic aneurysms previously treated with stent-grafts experience leakage and further growth of the aneurysm. No effective treatment currently exists for this.

About TripleMed
TripleMed was founded in 2011 by three reputed vascular surgeons, Dr. Hans Brom, Dr. Alexander de Vries and Prof. Dr. Michael Jacobs. The company is based at the Brightlands Chemelot Campus in Geleen. TripleMed focuses on developing innovative and cost-effective solutions for the treatment of aortic aneurysms.
Despite the obvious benefits of endovascular treatment using endoprostheses, the procedure is associated with a relatively high number of complications and repeat operations in the years following the initial surgery, which has a major impact on patients’ quality of life and high costs. With its products, TripleMed expects to make a significant improvement to more effective and cost-efficient treatment of aortic aneurysms.
More information:

About Brightlands Venture Partners
Brightlands Venture Partners (BVP) is the fund manager of Chemelot Ventures and is a so-called ecosystem investor. BVP invests in companies benefiting from and contributing to the Brightlands campuses in the south of the Netherlands. Other funds under management are BVP Fund IV, Brightlands Agrifood Fund and Limburg Ventures. Chemelot Ventures has a portfolio of investments in startups and scaleups in sustainability and health. Together the BVP funds have made over 50 investments.
More information on

AneuFill procedure - TripleMed.PNG

Image on the left: During the procedure, AneuFill polymer is inserted through a filling catheter immediately after the endoprosthesis is placed (green).
Image on the right: The entire space of the aneurysm around the endoprosthesis is filled with AneuFill polymer (blue).


Categories: News


Bene Bono closes a funding round of 10 million euros


Bene Bono closes a funding round of 10 million euros to accelerate the fight against food waste at its source and to become the undisputed leader in the European market.

As a service of sustainable groceries, Bene Bono saves farmers and manufacturers products from waste, to offer them to its clients at a cheaper price. The company marks a significant milestone in its green and social commitments. The foodtech player announces a 10 million euro fundraising led by AVP (AXA Venture Partners) with the participation of 2050 and historical investors (Stride VC and Project A).

1- Bene Bono: a strong appetite for combating waste at its source

As 1.6 billion tons of food are lost or wasted each year (BCG study), Bene Bono intends to fight this number for good. The company has already saved more than 2,600 tons of products. Their magical recipe? Selling all the good products that do not fit aesthetic or logistical standards. Since 2020, Bene Bono has thus been helping organic farmers and manufacturers in selling their qualitative products directly to consumers.

This way, the brand has provided access to organic, local, and seasonal fruits and vegetables, as well as over 500 grocery items that also need to be saved, such as grocery food, drinks, wines, beers, sweets, hygiene, beauty, and cleaning products, all at a discount up to 40%.

The service now covers nearly 300 cities in France, following its recent expansion to Toulouse and Bordeaux, in addition to the four metropolitan areas where it was already active (Paris, Lyon, Marseille, Lille, and their surroundings). This growth has led to the preparation of several thousand orders per week for the benefit of 30,000 active clients in 2023, three times more than the year before.

While food price inflation, reaching 21% over the last two years(1), would prevent 9 million French people from eating healthily(2), Bene Bono has enabled its loyal customers to save an average of 200 euros per year.

On the supplier side, the brand now collaborates with over 400 local organic producers, twice as many as in 2021, and 150 committed manufacturers, thereby contributing to providing them with an additional revenue and a long term professional relationship made of trust.

2- Recognized and supported commitment with a 10 million euro investment

This 10 million euro funding round was led by AVP (AXA Venture Partners) with the participation of 2050 and historical investors – Stride VC and Project A. This new funding round will allow Bene Bono to strengthen its position as a major player in the fight against waste at its source.

With this capital raise, the Foodtech player aims to:

  • Recruit new talents for strategic positions, such as a Director of Purchasing, a Head of Product, and a Lead Data Manager.
  • Expand its range of saved products to new categories, aiming for 1,000 references by the end of the year and further develop its private label (already 7 products).
  • Expand its business activities in the French market and continue the expansion of its service in Spain (particularly in Seville and Malaga).
  • Reduce its environmental footprint by implementing reusable bags and delivery by electric vehicles and bicycles, amongst other things.
  • Develop new features to continue satisfying a maximum number of customers and optimize its logistics processes.

These new features have been initiated at the end of 2023, transforming Bene Bono’s operational mode to fully customizable weekly orders, leveraging a unique technology. Indeed, customers can now fully customize their groceries, choosing from over 500 available saved products.

Sven Ripoche, co-founder of Bene Bono – “This funding round follows the very successful year of 2023 marked by our successful launch in Spain and over 2,100 tons of products saved by our users. It will allow us to fight against waste on a larger scale, offering even more good products at reduced prices to the French and Spanish people!

François Robinet, Managing Partner at AVP – “We are delighted and extremely proud to have been selected by the founders of Bene Bono, a major player in Foodtech, to accompany them in the next chapters of their story and this new phase of growth. We have been impressed by the intrinsic merits of the company and its remarkable development so far. This investment also demonstrates AVP’s commitment to investing in key sectors for the sustainable development of our societies, such as the fight against waste. The sector in which Bene Bono operates is at the heart of the challenges of transforming everyone’s food habits. We are pleased, along with current investors and 2050, to provide Bene Bono with the means to continue developing the platform in France and Spain and to support Grégoire, Sven, Claire, and all their teams in this new stage. »

About AVP (AXA Venture Partners)

AVP (AXA Venture Partners) is a global venture capital firm specializing in high-growth, technology- enabled companies, managing $1.3 billion in assets across four investment strategies: Venture, Growth, Late Stage, and Fund of Funds. Since its establishment in 2016, AVP has invested in more than 60 technology companies in Venture and Growth stages in the US and Europe.

With offices in New York, London, and Paris, AVP supports companies in expanding internationally and provides portfolio companies with tailored business development opportunities to further accelerate their growth. AVP operates under AXA IM- Alts, the alternative investment business unit of AXA IM.

For more information, visit
Contact: Sébastien Loubry, Partner Business development (

About Project A

Project A is one of the leading early-stage tech investors in Europe with offices in Berlin and London. In addition to $1bn assets under management, Project A supports its portfolio companies with a team of over 120 functional experts in key areas such as software and product development, data, brand, design, marketing, sales and recruitment. The venture capital firm was founded in 2012 and has backed more than 100 startups. The portfolio includes companies such as Trade Republic, WorldRemit, sennder, KRY, Spryker, Quantum Systems and Voi.

About 2050

2050 (Paris, France) is a new breed of investment fund that combines performance and company alignment. It empowers those who are building a fertile future, a world aligning economic, social and ecological challenges. Through its unique structure of a stewardship-owned evergreen model, and its ecosystem investments, the fund aims to invest over one billion euros by 2030, catalyzing positive change for a better future. The young portfolio includes companies such as Sweep, Peabbl, Fifteen and Kickstarter.

Categories: News


Omnispace Expands Spectrum Portfolio with Authorization to Operate Mobile Satellite System in Brazil

TDF Ventures logo

Brazil’s National Telecommunications Agency (ANATEL) Clears Omnispace’s Brazilian Subsidiary to Sell Mobile Satellite Capacity in Brazil

TYSONS, Va.Feb. 19, 2024 /PRNewswire/ — Omnispace LLC, the company redefining global mobile connectivity, today announced that on December 14, 2023Brazil’s National Telecommunications Agency (ANATEL) approved its subsidiary Omnispace Comunicações Brasil Ltda’s request to operate its non-geostationary satellite (NGSO) system nationwide.  After conducting a public consultation and technical reviews, ANATEL determined that Omnispace meets the requirements to utilize the S-band (1980-2010 MHz / 2170-2200 MHz) in line with the ITU Radio Regulations global Mobile Satellite Service (MSS) allocation and the 3rd Generation Partnership Project (3GPP) n256 band specifications.

This regulatory milestone adds to Omnispace’s growing global portfolio of countries where it has achieved regulatory approvals and spectrum access. In total, Omnispace now has market access to reach more than 735 million people across Latin AmericaAsiaAfrica and the Middle East. Together with partners that have spectrum access in 3GPP 5G NTN bands, Omnispace is poised to deliver access in all major international markets as part of a next generation global 5G NGSO system.


Since 2019, Omnispace Comunicações Brasil has demonstrated its NGSO MSS and IoT capabilities on its current system through a series of experimental licenses in Brazil. The pilot projects included showcasing MSS on a ship that journeyed more than 44,000 kilometers on the Amazon and Madeira Rivers to provide connectivity throughout those remote areas that do not have access to terrestrial mobile connectivity.  Omnispace also conducted vehicle tracking and Internet of Things (IoT) pilot projects in the state of São Paulo to test direct-to-device (D2D) communications. Omnispace is the first company to successfully conduct mobile satellite tests in the S-band in Brazil and will now be the first satellite operator licensed in Brazil for this band with an operational system.

“We look forward to providing MSS and IoT services in Brazil, which is at the forefront of the global stage for creating a harmonized S-band MSS ecosystem,” said Ram Viswanathan, President and CEO for Omnispace LLC. “This approval by ANATEL is a key component in accelerating our vision to unlock the full potential of direct-to-device connectivity globally leveraging standards-based technology. Brazil is part of a global map of countries and spectrum access that we have assembled, putting us closer to creating the necessary foundation for an exceptional voice, text, and data experience.”

“Obtaining an authorization to operate in Brazil has been one of my primary objectives since I first joined Omnispace.  We are grateful for the diligence, transparency, technical capabilities, and global leadership of Brazil’s regulatory authority, ANATEL, in supporting spectrum efficiency and technologies that will benefit Brazilian consumers, businesses and the economy,” said Mindel De La Torre, Chief Regulatory and International Strategy Officer of Omnispace LLC. “We eagerly anticipate connecting rural and remote communities, and fostering economic, environmental, and educational opportunities through the widespread expansion of satellite communications across both the country and the region.”

Learn more about Omnispace’s plans to offer enhanced 3GPP standards-based 5G non-terrestrial network (NTN) global, mobile direct-to-device connectivity at

About Omnispace, LLC 

Headquartered in the Washington D.C. area, and founded by veteran telecommunications and satellite industry executives, Omnispace is redefining mobile connectivity for the 21st century. By leveraging 5G technologies, the company is combining the global footprint of a non-geostationary satellite constellation with the mobile networks of the world’s leading telecom companies to bring an interoperable “one network” connectivity to users and IoT devices anywhere on the globe.

Learn more at: and follow on LinkedIn or Twitter @omnispace.

Media contact:

Marie Knowles

SOURCE Omnispace

Categories: News


Gresham House Ventures exits logistics and warehousing specialist Master Removers Group for 3.4x money multiple

Gresham House

Gresham House Ventures has exited its stake in logistics, warehousing and removals business Master Removers Group (MRG), via the sale of Bishopsgate, its B2B logistics division, to listed Swedish group Elanders AB (Elanders) and alongside this the sale of its shares in MRG’s domestic removals business to management.

Gresham House Ventures initially invested £7.2mn into MRG via the Mobeus VCTs in 2014. MRG has delivered consistent growth since then, despite various macroeconomic headwinds. The VCTs’ investment has driven both an increase in penetration among Bishopsgate’s existing customers and an expansion of its customer base. The removals business has also grown consistently over this period, expanding geographically through the completion of several astute acquisitions.

The sale of Bishopsgate to Elanders, based on an enterprise value of £47.5mn, has been approved by both the business’s management team and Gresham House Ventures, and will enable Elanders to develop its presence in the UK market while providing long-term continuity for Bishopsgate’s 276 staff. 47 members of staff across both Bishopsgate and MRG’s domestic removals business will also directly benefit from the deal via a generous share ownership scheme that has long rewarded key staff for the continued effective running of the business with regular dividends.

For Gresham House Ventures, the exit delivers a strong return, with an IRR of 26.6% over the nine-year holding period and a money multiple of 3.4x.

The exit continues a busy period of dealmaking for Gresham House Ventures, which recently made a £1.75mn follow-on investment in e-commerce software business Patchworks. This followed a £1.1mn investment into biotech research business Metrion Biosciences, a £1.4mn investment into tailor-made holiday company TravelLocal and a £3mn investment into leading travel technology business Branchspace.

Bob Henry, portfolio director at Gresham House Ventures, said:

“This investment has been a major success story for the Mobeus VCTs and has delivered an outstanding return over a long period. The VCTs’ investment, combined with the strategic vision of the management team and its unerring focus on quality of service, has created long-term shareholder value, which is now being realised. The offer from Elanders is compelling for both Gresham House Ventures and MRG’s management team and will deliver long-term continuity for Bishopsgate’s staff and customers.

Tim Bloch, managing director at Bishopsgate, said:

“Our relationship with Gresham House Ventures has been a major driver of a long period of growth for Master Removers Group and Bishopsgate, and we are grateful for its longstanding support and close guidance over the last nine years. We are aligned in believing that now is the time for Bishopsgate to continue its journey under new ownership and Elanders is ideally positioned to take the business forward over the coming years.”


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Categories: News


Renewcast secures €850K in seed funding to revolitionize wind power forecasting

Helen Ventures

Renewcast, an innovative Italian company specializing in advanced wind power generation forecasting, has successfully closed its seed financing round, raising approximately €850,000. This round was led by Helen Venture of Finland and saw follow-on participation from Tech4Planet, the National Technology Transfer Hub of Environmental Sustainability launched by CDP Venture Capital SGR, along with continued support from funding team and previous investors Beamline Fund, and Mindtitan, the latest as strategic development partner.

Renewcast is at the forefront of the wind power generation forecasting technology with its proprietary SaaS AI/Deep Learning platform. The platform enables more accurate forecasting of day-ahead and intra-day wind production based on existing weather forecasts data, creating significant balancing cost savings.

Fabio Nicolò, CEO and Founder of Renewcast, says, “We are excited and honored for the trust and support shown by Helen Venture, CdP Tech4Planet, along with all our existing partner and investors. This funding will greatly accelerate our market penetration and enhance our technological capabilities, enabling us to serve a global portfolio of corporate clients with our fully automated Azure Cloud based platform.”

Mikael Myllymäki, Vice President and Head Of Helen Ventures adds, “Wind forecasting represents a huge market opportunity, especially in the context of strongly fluctuating energy prices and imperative of deploying renewable energy production. We are convinced in Renewcast’s exceptional prediction accuracy, as validated by our experts, and the seasoned management team leading the company, who have secured great early customer traction.”

Claudia Pingue, head of CDP Venture Capital SGR’s Technology Transfer Fund, comments, “The reliability of wind forecasting is crucial for the sustainable transition to renewable energy. The global market potential, combined with Renewcast’s experienced team and deep market understanding, made this an attractive investment, reinforced by strong validation from major utilities.”

Renewcast has already proven its technology with over 500 MW of installed wind turbines across Italy and Europe. Clients such as Utilitas Wind in Latvia have scaled up from pilot to commercial service, recognizing the superior reliability of Renewcast’s forecasting.

Renars Urbanovics, Board Member of Utilitas Wind Latvia, states, “Renewcast’s forecasting reliability is 20-30% better than our benchmark. We’re fully confident in the value we receive from Renewcast’s services, which is why we’ve opted for a premium-price-for-premium-performance agreement.”

The successful closure of this seed round was facilitated by the expert legal guidance of Avvocati. Net team (Alessandro M. LerroMatteo Ettore PanizzaGiulio De Bruno) for Renewcast, and Orrick, Herrington & Sutcliffe (Europe) LLP team (Attilio Mazzilli, Alessandro VittoriaPietro FazziniClaudia Francesca Micol Cirinà), representing Helen Ventures.

Founded in 2020, Renewcast is emerging as a game-changer in the wind power generation forecasting industry with its cutting-edge machine learning SaaS platform. The company has been recognized with awards such as “Bando Pre-Seed” and Boost Your Ideas from Lazio Innova, and is part of the Beamline Accelerator Portfolio which contributed significantly to reach current results. Supported by MindTitan as a technological strategic partner, Renewcast’s dynamic leadership team is propelling the company toward global leadership in renewable forecasting services.

The team is lead by CEO & Founder Fabio Nicolò, with over 28 years of experience in management consulting in the energy sector across Italy, Europe, and the USA, and an Executive MBA from Stanford, USA; Ugo Mattoni, CCO & Co-Founder, with 35+ years in the energy sector in Italy and Europe, and an MBA from Luiss Business School; Sibghat Ullah, Senior ML Engineer & Co-Founder, with 5+ years in IT, Data Science, AI & ML engineering, holding a PhD in Data Science and a Master’s Degree in Computer Science; and Marco Piscopiello, Product Optimization Lead, Holding a degree in engineering, with more than 12 years of experience in the energy sector, power and demand forecasting, data science, and data architectures.

ABN AMRO and Motive Partners form strategic partnership

Motive Partners

ABN AMRO Bank NV today announced its strategic partnership with Motive Partners, a leading international specialist private equity firm focusing on venture, growth equity and buyout investments in technology-enabled financial and business services.

AMSTERDAM–(BUSINESS WIRE)–The move demonstrates a joint commitment from two sizable financial technology investors to support continued innovation and growth in the evolving fintech landscape. Motive Ventures, the early-stage venture arm of Motive Partners, will manage the ABN AMRO Ventures Fund (AAV), consisting of 15 early-stage companies. In addition, ABN AMRO will become a significant investor in Motive-managed vehicles.

“Banking for better, for generations to come”

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With funding in the financial services industry declining by 70% between 2021 and 2022, and numerous venture capitalists reducing their investment programmes, Motive Partners and ABN AMRO are charting a new course. Their partnership unites two leading venture platforms, each with decades of fintech expertise and a dedication to innovation in both financial services and venture capital. Their goal is to strengthen the fintech sector and boost innovation by bringing Motive Partners’ ecosystem and experts to the AAV portfolio and ABN AMRO’s broader network. Motive Ventures’ portfolio consists of 21 investments in seed and series A stage companies, spanning the United States and Europe. The combined AAV-Motive Ventures portfolio will thus number 36 companies.

The new partnership has been formed on two pillars. First, Motive Ventures will assume the management of AAV with €150 million in assets under management, leveraging Motive Partners’ breadth and depth of expertise. To ensure seamless continuity of AAV’s operations and to strengthen the capabilities at Motive Ventures, Hugo Bongers, Managing Director and Head of ABN AMRO Ventures, and Tim Wanders, Executive Director at ABN AMRO, are joining Motive Ventures as Partner and Principal, respectively.

Second, ABN AMRO will become a significant investor in Motive-managed vehicles. This investment underscores ABN AMRO’s appetite and continued commitment to exploring new frontiers in fintech innovation in partnership with Motive Partners.

Edwin van Bommel, Chief Strategy & Innovation Officer at ABN AMRO commented: “Our collaboration with Motive Ventures is a major milestone for ABN AMRO. We believe that joining forces with a definitive leader in the rapidly evolving fintech landscape will not only drive innovation but also enhance our competitive edge. This partnership will strongly support our strategic ambition of being a personal bank in the digital age for our customers.”

Ramin Niroumand, Partner at Motive Partners and Head of Motive Ventures commented: “ABN AMRO has long been a leader among financial institutions in European fintech investing. With portfolio companies like Tink and Penta, they have already demonstrated great investments and exits, and a deep understanding of how to deliver strategic value to the global ecosystem. We have already worked together on several co-investments, which is why we are so happy that Hugo and Tim are joining the Motive Ventures team.”

The strategic partnership is expected to close in Q4 2023, with Hugo Bongers and Tim Wanders joining the Motive team before the end of the year.


ABN AMRO is a Northwest European bank for retail, corporate and private banking clients, headquartered in Amsterdam. For our clients, we aim to be a personal bank in the digital age. A bank that shapes and enables the transition to a sustainable society, together with our clients and partners. Our efforts are based on our purpose: “Banking for better, for generations to come”. Our focus is on Northwest Europe. With more than 20,000 colleagues, of which approximately 5,000 work outside the Netherlands, we serve more than 5 million clients.

About Motive Partners

Motive Partners is a specialist private equity firm with offices in New York City, London and Berlin, focusing on venture, growth equity and buyout investments in technology-enabled financial and business services companies based in North America and Europe, and serving five primary subsectors: Banking & Payments, Capital Markets, Data & Analytics, Investment Management and Insurance. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. For more information, please visit

About Motive Ventures

Motive Ventures is the early-stage investment arm of Motive Partners, focused on pre-seed through to Series A financial technology investments in North America and Europe. Motive Ventures is backed by globally recognized tech entrepreneurs, industry veterans as well as leading institutions and venture investors. Today the team consists of 13 employees across Berlin, London and New York.


ABN Amro Press Office

Motive Partners
Sam Tidswell-Norrish, Managing Director

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