Holland Capital, Join Capital invest in RheoCube

RheoCube plans to use the fresh funding to support its commercialisation and development.

Holland Capital is making the investment via its HVTF I vehicle, which makes growth investments in technology companies. The GP invests €250,000-10m in companies headquartered in the Netherlands and operating in healthcare or technology, via both growth and buyout funds.

Berlin-headquartered Join Capital generally makes early-stage investments, focusing on businesses that address automation and connectivity needs. The firm has previously made investments in industrial automation businesses including France-based construction software Wizzcard, as well as Switzerland-based procurement platform Datapred.

Company
Founded in 2015 by VC-backed Electric Ant Lab and its founder, Eric Lorenz, Amsterdam-based RheoCube is a software platform for the simulation of laboratory research and development processes. Its software is browser-based and uses supercomputers to simulate experiments, including the behaviour of complex fluids. Its software generally serves chemists within companies in sectors including food, healthcare and personal care. According to a statement, its clients include Givaudan, Henkel and Colgate-Palmolive.

People
Electric Ant Lab – Eric Lorenz (founder).
Holland Capital – Niels van Aalten (partner).
Join Capital – Jan Borgstaedt (partner).

Advisers
Holland Capital – Biesheuvel Jansen Advocaten (legal); JSA (tax); Kröller Boom (insurance due diligence); Techminers (technology due diligence).

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