Cresco

News – Venture Capital & Private Equity practice

D square in Investment Round led by Fortino and LRM

Cresco assisted D square (Trendminer) in the structuring, negotiation and closing of its most recent financing round.

A spin-off of the the Catholic University of Leuven, Hasselt-based D Square received the funding from a consortium of investors, led by venture capitalists Fortino and LRM. Early backers of the Company, including the Catholic University of Leuven, its related investment fund Gemma Frisius-Fonds and PMV, the investment fund of the Flemish Region, contributed to this round. Clear2Pay co-founder Jürgen Ingels also invested.

Big data company D square mines data for governance solutions, alarm management and process modeling. The company delivers its solutions to large corporates in the energy, pharmaceutical, food and utility industries.

D square will use the EUR 5 million funding to accelerate international development and attract human capital.

CEO and co-founder Bert Baeck comments: “We have had experience with other legal partners in the past. However, the level of expertise, dedication, 24/7 availability and responsiveness of Cresco was new to me. I am impressed. It almost felt like I was dealing with an internal partner. I recommend Cresco to every startup or company that has big plans for the future."

More information on the transaction can be found in de Tijd, Datanews Knack and Tech.eu.

Pieter Capiau and Wim Van Berendoncks constituted the Cresco deal team for this transaction and Cresco continues to advise D square on its business relationships and technology transactions.

For any further information or questions, please contact Pieter Capiau or David Dessers.

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