Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

An overview of the latest noteworthy funding rounds: Bundles, Ikbenfrits, BUX

Jordin Pellencau by Jordin Pellencau
December 5, 2017
in Startups, (Crowd)funding, E-commerce, FinTech, News
0
An overview of the latest noteworthy funding rounds: Bundles, Ikbenfrits, BUX
7
SHARES
LinkedInTwitterWhatsAppFacebook

As the year comes to a close, a final set of funding rounds has been announced. Next generation trading app BUX follows VanMoof in its footsteps and launched a successful crowdfunding campaign after having raised €10.6M in a Series C funding round. Startup Bundles raises €900.000,- to subsequently grow and further the transition to a circular economy, as well as to become the platform for “stuff as a service”. Concluding, Ikbenfrits secures €2M during its series A funding round  from Finch Capital.

BUX

Next generation trading app BUX has raised a total of €1.289.892 from 2047 investors in just two weeks of being live on equity crowdfunding platform Seedrs. The Dutch-based company surpassed their initial €1M target within just 24 hours of their public launch. The money raised during the crowdfunding campaign will enable BUX to expand internationally. Also, BUX aims to become the one-stop-shop for all investment interests.

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

the investors

Out of the €1.2m invested, the majority of funds came from first-time investors in the Seedrs platform. 1537 new investors, 75% of the total, invested €1.053.865 into BUX’s campaign. These investors came from 34 different countries. However, the largest group originates from BUX’s home country of the Netherlands. Interestingly, the crowdfunding also attracted members of BUX’s own community. The exact amount of “BUXsters” that have invested during the campaign is not known.

Following up on a crowdfunding campaign

The company’s campaign follows its very successful series C funding round. Held in early October, BUX raised €10.6M. The funding round was led by Germany’s Holtzbrinck Ventures, one of Europe’s most successful venture capital firms. Following up on a successful funding round with a crowdfunding campaign seems to be a trend, as startup VanMoof also did this last October. Velocity Capital also supported the round together with a number of influential angel investors. Some examples are former Booking.com CMO Arthur Kosten and Thierry Schaap, co-founder of online brokerage firm BinckBank.

Improving and enhancing the BUXster experience

BUX intends to use the funds raised from the crowd to expand its product offering in order to offer a full suite of apps by 2020. Nick Bortot, CEO and founder of BUX, also made a statement regarding the successful crowdfunding campaign: “We were delighted to reach our investment target within 24 hours of opening the round to the public and are thrilled with the result of the total round. We’re overwhelmed by the interest we received and are excited to welcome the whole new team of investors, advocates, and hopefully users.”

“We would like to say a huge thank you to the BUXsters and supporters who have recognized the potential of BUX; their dedication and support of the brand over the last three years is what has helped us get to where we are today. We continue to be committed to developing our products in order to improve and enhance their BUXster experience.”

Bundles

As stated earlier, Bundles has raised €900.000,- during its latest funding round. This amount of money came from a couple of impact investors leading the round like Anne-Marie Rakhorst of Duurzaamheid.nl. The funding round will enable Bundles to grow and become a platform for “stuff as a service”. And as the Dutch coalition Rutte III is focusing more and more on the sustainability of the environment, Bundles is named as a shining example because of its emphasis on the circular economy.

Paying for the total package

Since 2014, Bundles has been working together with Miele on a showcase. At this showcase, Miele devices were offered in the form of subscriptions coming with numerous services. According to Marcel Peters, CEO of Bundles, this is the future: “The modern customer doesn’t want to own stuff anymore. However, they are willing to pay for a total package.”

A custom-made experience

By connecting the devices to the internet, Bundles is able to collect valuable data. These pieces of data help the company exploit the devices as a service to its customers. As a result, Bundles reduces the number of people abandoning their subscriptions by delivering a more custom-made experience. However, Peters also acknowledges that the biggest challenge of Bundles is convincing customers of its subscriptions. A subscription to a product has to become cheaper than owning the product.

Offering products as a service

Peters: “We have learned at the showcase what a traditional manufacturer needs to offer its products as a service. This investment will enable us to invest in our platform and algorithms, subsequently helping more and more manufacturers in different fields. Bundles also finds out what is needed to make an impact in the fields of sustainability and customer friendliness in each category. We also like to work together with other companies, so we’re always looking for new partnerships. In fact, there are some very interesting partnerships coming up in the near future!”

Ikbenfrits

The online mortgage broker, operating from its offices in Amsterdam, was founded in 2015 to provide a more efficient service and focuses on the Dutch residential mortgage market. Ikbenfrits has now secured a series A funding round of €2M from Finch Capital. This company invests in innovative technology companies that are driving the transformation of the financial services industry from its offices in Amsterdam, London and Singapore.

An effective alternative

Ikbenfrits offers customers a combination of personalised service with automation for mundane tasks such as document submission and checking, finding and getting the deal accepted instantly. This gives users a more cost effective alternative to traditional brokers. The company also has the largest online market share in the Netherlands for the refinance mortgage niche. The company has already handled over €150M worth of mortgage applications.

A less frustrating process

Michiel Lensink, CEO and co-founder of Ikbenfrits, has commented on this latest funding round. Lensink: “Buying a house is one of the largest financial decisions of a lifetime. Our offering makes the process of getting a mortgage less frustrating and more transparent compared to traditional mortgage brokers. Finch Capital’s experience and sector focus is a real asset for our company and its investment will enable us to accelerate our growth.”

 

 

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Hiring during COVID Intrinsic Search
Hiring SaaS sales executives
Check out the do's and don'ts while hiring SaaS sales executives
Check out the do's and don'ts while hiring SaaS sales executives Show Less
Read more
Tags: bundlesBUXCircular economyFunding roundsMieletrading apps
ShareTweet2SendShare3

Partner content | Work with us

Future of coding: CTOs discuss low-code versus custom code software development for their business

Why now is the perfect time to start hiring for 2021

SaaS sales in 2021: 9 predictions from an industry expert

Diversity in hiring for SaaS: the often overlooked topic of ageism

Boost your scale-up’s growth by outsourcing to these top Eastern European software development companies

Subscribe to our daily newsletter

Check your inbox or spam folder to confirm your subscription.

Breaking news from Amsterdam | Partner

Amsterdam-based Media Distillery uses AI to understand what’s inside video; secures €3M

These powerhouse female VCs are funding Amsterdam’s most innovative and diverse startups

Amsterdam-based WeTransfer reportedly planning a stock market flotation

Amsterdam-based Peak Capital’s portfolio firm Flinders acquired by Nine United; VC firm’s first exit of 2021

Advertisement

Trending

Adobe flash
News

Adobe pulls the plug on Flash, but here’s how you can still play some iconic Adobe Flash games

January 4, 2021
11 AI leaders from Amsterdam to watch in 2021
AI and chatbots

11 AI leaders from Amsterdam to watch in 2021

January 7, 2021
Amsterdam
Amsterdam

CES 2021: Meet the 12 Amsterdam-based startups in the Dutch delegation

January 13, 2021
  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info