NPEX, a Dutch stock exchange for SMEs, has secured a €2m financing round that was led by existing shareholders, including CEO Mark van der Plas.
Marking their first investment into NPEX was Icecat Capital, which had a 10% participation. Icecat is an all-in-one platform for content and syndication, with the aim of improving online shopping experiences. It offers structured and rich product content optimised for e-commerce environments, integrated cloud solutions to manage digital assets, and seamless integration of product content.
With the fresh capital, NPEX hopes to bolster its position in the market and expand its services.
NPEX brings entrepreneurs and investors together for financing, impact and financial returns. It provides SMEs the opportunity to raise capital by issuing bonds and depositary receipts of shares. These are then tradable on the NPEX stock exchange.
The company claims to have helped SMEs raise over €170m in total.
Commenting on the deal, NPEX CEO Mark van der Plas said, “We are pleased with Icecat Capital’s investment and the confidence they have in our platform. It enables us to further shape our ambition to make the capital market more accessible to SMEs and to further grow and improve the platform where retail and institutional investors can trade securities.”
Icecat CEO Martijn Hoogeveen added, “Both as a listed company and investor, we are excited about the financing options that NPEX offers to SMEs.
“With our investment in NPEX, we want to support the further development of the tech platform and help to give even more SMEs access to the capital market. Not only within the Netherlands, but also in neighbouring EU countries.”
In other WealthTech news, Raisin, a global savings and investment specialist, raised €60m in a Series E funding round backed by Goldman Sachs.
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