Dutch-based Roseman Labs secures €4M to champion secure data collaboration

Utrecht-based Roseman Labs, a company that aims to enable data collaboration without compromising data privacy and confidentiality, announced that it has secured €4M in a fresh round of funding.

The round saw participation from German deeptech funds Matterwave Ventures and Spacewalk VC, and Dutch early-stage fund NP-Hard Ventures.

Benedikt Kronberger, General Partner at Matterwave, says, “We were impressed by the team’s expertise and experience in both academic and commercial contexts. In addition, Roseman Labs platform technology enables unprecedented performance in data collaboration projects, while maintaining absolute privacy.”

“We see many different use cases in the industrial sector, from semiconductors to manufacturing to energy. We believe that connecting data across institutional and geographic boundaries will create tremendous value through transparency and analytics that did not exist before,” adds Kronberger.

Collaborate on sensitive data with privacy

Founded in 2020 by Toon Segers, Niek Bouman and Roderick Rodenburg, Roseman Labs’ mission is to protect privacy and enable collaboration on sensitive data to address global challenges.

The startup’s flagship product, the Virtual Data Lake, allows parties to analyse data without sharing sensitive source data, providing control and privacy guarantees. 

Given Europe’s strict privacy rules and the growing need for data sharing, the technology offers a promising solution to privacy challenges.

Roseman Labs claims that its tech is practical with a specific focus on supporting Dataspaces for healthcare organisations. These Dataspaces enable secure collaboration among participants, facilitating the gathering of insights and the assessment of healthcare quality and effectiveness while maintaining data security and privacy.

The company also operates in industries such as social services, justice and security, financial services, and the energy sector.

Despite having a small team of 25 people, the company is experiencing significant growth, underlining the demand for its innovative solutions in data privacy and collaboration.

Capital utilisation

Roseman Labs says it will use the investment to pursue two main objectives. First, they plan to expand their team to enhance their technology and solutions. Second, they intend to expand internationally, indicating a desire to enter new markets and increase their global presence. 

This strategy reflects their commitment to addressing data privacy challenges across multiple industries on a broader scale.

Roderick Rodenburg, CEO & co-founder of Roseman Labs, says, “This new investment allows us to take the next step. We have a strong team that combines PhD-level cryptography with software engineering, information security, business and product development experience with whom we have developed a groundbreaking privacy-preserving data science product.”

“This investment provides the scope to grow and to take new steps in marketing our technology abroad,” adds Rodenburg.

Brief about the investors supporting Roseman Labs

Matterwave Ventures is a Munich-based VC firm specialising in deeptech innovations across Europe. They invest in early-stage tech companies with both hardware and software models, with over 60 investments in 20 years, managing €200M in AUM. 

The firm invests between €1M to €4M in Seed and Series A rounds and supports follow-on rounds with the ability to invest over €10M per portfolio company.

Spacewalk is a venture capital fund specialising in early-stage deeptech startups and spinoffs from Motius, a German R&D firm. They invest as well as offer technological expertise and access to a vast industry network.

With a target fund size of €35M and their inclusion in MIT’s Endowment Fund programme, Spacewalk claims to be a prominent player in European deeptech investments.

NP-Hard Ventures, founded by Anke Huiskes, Micha Hernandez van Leuffen, and Paul Veugen, focuses on supporting early-stage teams in Europe and the US. Its aim is to simplify and democratise technology by developing infrastructure, tools, and decentralised platforms that unlock creativity and accessibility. 

As an angel investor, the firm has backed over 40 early-stage companies in the last three years and claims to have been instrumental in helping diverse founders grow their businesses from the ground up.