Amsterdam-based commodity intelligence platform Vesper raises €5M; Mollie’s founder Adriaan Mol invests

Vesper, an Amsterdam-based commodity intelligence platform, announced that it has raised €5M funding in a seed round led by venture studio Slimmer AI. 

Adriaan Mol, two-time unicorn founder of Mollie and MessageBird, and other angel investors also participated in the round.. 

Fund utilisation

Vesper plans to use the funds to accelerate its growth by launching new commodities on the Vesper platform. The company will also utilise the capital to hire people focused on commercial and technical excellence.

“As a commodity trader, I felt the pain first-hand when using legacy systems—decentralised information, little innovation, and a lack of real-time actionable insights hindered my ability to do my job. It was clear the space was ripe for disruption,” says founder Alexander Sterk. “Vesper provides our customers with a leading-edge user experience and advanced predictive insights powered by AI, which will only be improved by working with Slimmer AI.”

Slimmer AI: What you need to know

Based out of Groningen, Slimmer AI is an AI B2B venture studio. The company generates ideas, co-builds, and invests in new ventures with innovative founders.

“Vesper is an exceptional commercial success story, especially at such an early stage. But what impressed me most was that Vesper built a superior product loved by their customers. We are excited to team up with Vesper to contribute to their successful scaling up.” says JC Heyneke, Slimmer AI CEO.

Vesper: What you need to know

As the demand for commodity intelligence continues to soar, expected to propel towards a total market of $4.9B by 2026, the Dutch scaleup is all set to utilise the chance. 

Founded by Alexander Sterk in 2019, Vesper saves users hours looking for information and provides all relevant insights and data in one consolidated and personalised overview.

Currently, the Dutch scaleup works with numerous clients, including Nestlé, Fonterra, Cargill, Unilever, Lactalis, and Danone. Vesper helps these companies improve their trading strategies, make informed pricing decisions, and de-risk potential trades.

Vesper platform offers a proprietary price benchmarking solution, the Vesper Price Index, and includes market forecasts powered by data science and AI. 

The company provides Vesper’s real-time pricing, volume/stock information, and forecast insights that the company claims, enables sellers, buyers, and traders to ‘trade with confidence and ease.’