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A few weeks back, Peak Capital, an Amsterdam-based venture capital firm, launched its fourth fund with €66 million committed capital. Recently, in the second edition of the Fundathon, the Dutch VC firm has invested in Route42 and Belgian startup Storychief.
According to the press release, both the startup will receive a €100k convertible note. Out of 120+ applications, five companies were selected to work on their growth, talent, and internationalization plans during the 1-day Fundathon competition.
During the event, participants had the opportunity to learn from Peak Capital’s portfolio companies and investors, GrowthTribe, and experienced entrepreneurs, including Arthur Kosten (ex-booking), Erik Broekhuis (Netsociety), Jeroen Verberg (Hippo).
Two startups received €100k financing each!
Meanwhile, Peak Capital guaranteed that at least one company would receive €100k in funding. However, similar to last year, not one but two companies won and received €100k financing each. Talking about the startups
Route42: The Dutch company offers a business intelligence platform for trucking fleets. It helps the clients monitor and analyse their fleet to enhance their performance and increase their operating margins.
Max den Dopper, the co-founder of Route42, said:
It was an insightful and intense day. The Fundathon gave us great insights into hiring the right people and internationalization. After a day full of new insights, it is cool to take home the EUR 100k funding prize.
First investment abroad!
Given the new European focus of Peak Capital IV, the Fundathon for the first time was open to applications from outside the Netherlands.
Storychief: The startup from Ghent provides content marketing management software that allows companies to spread, measure, and optimise their content across multiple channels.
Peak Capital supports fast-growing highly-scalable marketplaces
For the uninitiated, Peak Capital is a European venture capital firm that provides smart capital and pro-active hands-on support to fast-growing highly-scalable marketplaces, SaaS, or data startups.
Peak Capital’s 19 previous investments include successful exits such as IENS (acquired by Tripadvisor, NASDAQ: TRIP), Radionomy (acquired by Vivendi, EURONEXT: VIV), Cheapcargo (acquired by PostNL, AMS: PNL) and OneFit, which recently merged with German Urban Sports Club to become the largest sports and fitness platform in Europe.
Stay tuned to Silicon Canals for more European technology news.