News – Venture Capital & Private Equity practice
6 January 2016
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."