Gent and Amsterdam – December 30, 2019

Volta Ventures starts second fund with initial closing of €35 million to continue successfully investing in early stage companies in the Benelux. The fund will continue to target early stage fast growing Internet and SaaS companies in the Benelux region.

Volta Ventures II continues what it started with Volta Ventures I, a € 55M fund: investing in young, promising internet and software companies in the Benelux. The fund is led by managing partners Frank Maene and Sander Vonk, who together have more than thirty years of venture capital experience. Michel Akkermans, a serial entrepreneur and investor, will continue in his role as chairman of the shareholder advisory board and venture partner. This is the same executive team that currently manages the first fund. The team consists of seven employees and will be joined by David Mozes, former Benelux regional manager at Seedrs.

Volta Ventures provides capital and guidance to assist companies grow from startup to scale up. Volta invests between € 300K and € 2M per round in seed and early-stage companies aiming to close the "financing gap" between business angels with several hundreds of thousands of euros of seed capital and the larger funds that put at least several millions on the table for more mature companies.

Volta Ventures makes a substantial contribution to the portfolio companies by working with the founders and management to identify new markets and clients, attract talent, provide advice and support, and help raise follow-up financing.

The fund reports that it sees many interesting opportunities and expects to be able to announce the first investments in the near future. The fund may arrange a second closing within six months.

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Volta Ventures invests in young and ambitious internet and software companies in the Benelux. The fund is managed from Gent by managing partners Frank Maene (ex Hummingbird and Big Bang Ventures) and from Amsterdam by Sander Vonk (ex Liberty Global Venture Capital) and is assisted by Michel Akkermans. www.volta.ventures

Mieke Verstraete

Management Assistant