Toothpaste manufacturer Smyle raises six tonnes with a smile – Edtech company Lepaya takes over in Germany

1. Plastic-free toothpaste manufacturers Smyle collect 610,000 euros

Smyle, manufacturers of plastic-free toothpaste, have already raised 610,000 euros through equity financing. The company Almar Fernhout, Roger Nefkens and Dennis Kamst aims for 1 million euros. The funds collected are used for product development, large-scale purchases and filling crucial positions in the organization. The documentation shows that in the twelve months up to 30 June 2022, a turnover of 1.3 million euros was achieved. The loss in the same period amounted to just under 1.2 million euros. Smyle’s products, which describe themselves as the ‘Tony Chocolonely of oral care’, are available from AH, Jumbo and Etos, among others.

Toothpaste, but in tablet form: startup Smyle fights with plastic

2. The edtech company Lepaya makes a German takeover

Amsterdam’s ed-tech company Lepaya has taken over the German counterpart vCoach. vCoach has developed an AI coach that helps employees improve their presentation skills. For example, the coach analyzes videos about posture, use of safe words and eye contact. What has been paid for the Bavarian startup is unknown. According to LinkedIn, the company, founded in 2020, has 17 employees.

3. The battery manufacturer Wattsun wins a resounding customer with Coldplay

Wattsun, supplier of sustainable on-site energy systems, has signed on the British band Coldplay as a customer. Coldplay promises to make their world tour as sustainable as possible and to halve CO2 emissions. During the shows, Wattsun’s system charges through ‘human energy’ via kinetic dance floors and bikes that fans ride during the show. This energy is stored and used during a subsequent concert. Startup Bart Hendrik and Koen Olieslager’s solutions are also used on construction sites and events. What the agreement with Coldplay will provide in cash is unknown, but for Hendriks it feels like ‘playing in the Champions League’, he tells MT/Sprout.

4. BModesto buys British pharmaceutical importer

The Dutch pharmaceutical wholesaler BModesto has bought parts from the British pharmaceutical importer Doncaster Pharmaceuticals. The company is a subsidiary of the troubled Convers Pharma Group. “We didn’t take over Doncaster as a whole company, but the assets. In other words, the registrations, the inventory, the employees, a number of contracts, etc. Of course, we should not take over a company that is associated with a sister company with all kinds of problems,’ says founder Michael Hendriks to Quote. It is unknown what has been paid for the company, which had a turnover of 65 million euros in 2020. For 2023, however, Hendriks expects a contribution of around 34 million euros, which should bring Bmodesto’s total turnover to around 350 million.

5. Furthermore, medical prices skyrocketed after positive research results

The Dutch-Swiss medical technology company Onward Medicl saw its share price rise by almost a third yesterday after the company reported positive research results of the proprietary therapy for patients with spinal cord injury. Detailed results of the study, in which 65 patients participated, will only follow after approval from the US health authority FDA. Still, the company is positive. The company is developing a technology to help people with spinal cord injuries to walk again. Despite the price explosion, Onward is still well below its introductory price.

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6. And then this: Dutchman suspected of laundering millions of euros in cryptocurrency

Last week, the police arrested a 39-year-old man from Veenendaal, suspected of laundering criminal money via cryptocurrency. The value of the laundered cryptocurrency is tens of millions of euros. The man came into the police’s sight after stolen bitcoins ended up in his possession. Further investigation revealed that the man converted a lot of bitcoin to privacycoin Monero and vice versa. The man probably made a lot of money from the transactions. Various data carriers were seized during a search of the house. The man has been released, but remains a suspect. The expected profit that the man could make has been confiscated.

What we also read:

  • A majority of Twitter shareholders would agree to a takeover by Elon Musk. (The Wall Street Journal)
  • A British-Dutch claim seeks €25 billion in compensation from Google on behalf of publishers. (The Financial Times)
  • The podcast company Podimo, which previously acquired Dag en Nacht Media, has raised 60 million euros in growth money. (The Financial Times)

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