Eurekite, a Netherlands based scientific and creative company with expertise in formulation chemistry, production technology, and composite development, has raised €4.2M in a follow-on round of funding. Eurekite is a spin-off from the University of Twente.
Investment overview
Between 2015-2020 Cottonwood Technology Fund, a Dutch-American venture capital fund, invested €2.75M in Eurekite. The follow-on round of €4.2M consists of a €1.6M loan from RVO (the Netherlands Enterprise Agency), a €600K lease facility from the High Tech Fund in Enschede.