Investments in Dutch tech companies plummeted – Mondkapjesbedrijf must return DKK 43 million

1. Investments in Dutch technology companies plummeted

Investments in Dutch technology companies fell by about half last year to 2.7 billion euros. This is calculated by CB Insights and Dealroom. There were fewer large deals, but more investments in early stage companies. There were big deals in the fourth quarter for hotel software maker Mews (174 million euros), online supermarket Crisp (75 million) and e-commerce giant Dwarfs (30 million). In 2021, there were only particularly large deals with Mollie (665 million euros) and Picnic (600 million euros). Last year, Perpetual Next was the biggest fundraiser with 320 million euros. Very early-stage companies received a total of $300 million, compared to $250 million a year earlier.

2. Face mask company must refund DKK 43 million

The healthcare company O2 Health must repay the Dutch state 43 million euros. That is the court’s verdict. The company, which normally specializes in air quality equipment, closed a deal in March 2020 to supply 18 million face masks. This deal involved an amount of 56 million euros, of which 45 million euros was paid in one go. In the end, it was found that the face masks did not meet the quality standards. The government decided to terminate the agreement and asked for 43 of the 45 million euros back. The court finds that demand reasonable, informs Algemeen Dagblad.

3. ‘The number of bankruptcies will increase’

Last year saw a historically low number of bankruptcies, according to the Central Bureau of Statistics. In 2022, according to preliminary figures, 2144 companies went bankrupt. Since the start of the measurements in 1981, the number of bankruptcies was only lower in 2021. Then there were 1818 cases of bankruptcy. Economist Edin Mujagic says he sees a turnaround and expects an increase in the number of bankruptcies. He points out that a period of low growth is about to begin. In addition, many companies have had to repay corona support for several months.

4. FTX recovered DKK 5 billion

Go back to where you last… Anyway, the bankrupt crypto exchange FTX has emerged around $5 billion in cash, cryptocurrency and other securities. This is stated by a lawyer from FTX. In addition, the company would like to sell all kinds of investments, which together would have a book value of 4.6 billion dollars.

5. Goodyear makes car tires from soybean oil and rice

Soybean oil and rice is a combination you can expect to find in a cookbook by Vanja van der Leeden. But tire manufacturer Goodyear just knows how to mold it into a car tire. Certainly, rubber and carbon black are also used. Nevertheless, according to Goodyear, the tire consists of 90 percent sustainable materials. The manufacturer aims to have a 100 percent sustainable tire by 2030. This tire is not yet ready for the market. The tire giant hopes to launch a tire on the market this year that consists of 70 percent ‘sustainable materials’.

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6. And then this: ‘Twitter Will Auction Usernames’

Twitter owner Elon Musk believes that the social media company is in urgent need of money. Therefore, desired usernames should be auctioned off. The project has been discussed internally since December, reports The New York Times. It is unclear whether it will go ahead. Clearing inactive accounts would free up about 1.5 billion names. It’s unclear how much Twitter expects to raise with the action.

What we also read:

  • You have to twist around crazy corners to find staff. Aa en Maas Vandnævn is willing to pay part of your student debt. (RTL)
  • The European Union is pouring tens of billions into the chip industry. This is the year of truth. (The Financial Times)
  • Oh dear, ChatGPT could just be learned by 2026. (New Scientist)

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