intellectual property rights
Cresco is pleased to have advised Timefold on its $13 million Series A financing round. The round was led by Alstin Capital, with participation from Kompas VC and continued backing from existing investors Smartfin and Lakestar.
Founded in Ghent, Timefold helps organisations automate and optimise highly complex planning and routing challenges. Its scheduling and routing APIs enable businesses to allocate people, vehicles and other resources efficiently while balancing large numbers of operational constraints.
The new funding will support Timefold’s next phase of growth, including further expansion in the United States and continued investment in its technology platform. The company also plans to broaden its planning capabilities and further simplify how customers interact with optimisation models.
Cresco has supported Timefold since its early days and is proud to have stood alongside the company across its previous financing rounds, as well as its day-to-day commercial, IP matters and broader innovation questions. We look forward to continuing this partnership in the years ahead.
Congratulations to Maarten Vandenbroucke, Geoffrey De Smet and the entire Timefold team on this important milestone. We would also like to thank Alstin Capital, Kompas VC, Smartfin, Lakestar and all advisors involved for the constructive collaboration throughout the process.
The Cresco deal team consisted of David Dessers and Charles Groffils.
Read more in De Tijd.
