VenturesOne and LIOF Announce Funding For Paztir B.V.
VenturesOne together with Limburg-based regional development company, LIOF, has announced the venture capital co-investment in Light Electric Vehicle intelligence provider, Paztir. Established in 2017, the Limburg-headquartered scale-up provides access management, lock automation and vehicle tracking for cargo-bikes in urban delivery.
VenturesOne’s co-investment in Paztir will be done through VenturesOne Investments B.V. – a joint venture with VenturesOne and the European Angels Fund, part of the European Investment Bank (EIB) Group. The Director of VenturesOne, Hans Peddemors commented: “Our co-funding of Paztir is in line with our strategy to support and invest in future technologies. Paztir provides logical and sensible solutions to fleet management of delivery E-bikes. Because of this, we believe that Paztir holds the keys to the future of delivery – not just in the Netherlands, but all over the world”.
VenturesOne’s Founder and CEO, Edward de Jager believes that the investment “… was also motivated by Paztir’s excellent management team and the scalability of their products and solutions. We believe that Paztir can create a great impact and help make urban logistics more sustainable”, he adds.
Paztir is a portfolio startup of VenturesOne’s own portfolio investment, World Startup Factory. They graduated from World Startup Factory’s Impact Accelerator 2 Program in 2017. Gerrit Jan van ‘t Veen (CEO World Startup Factory): “Right from the start, Paztir stood out with their agile customer development and very practical technical innovations”. Soon after, LIOF raised a seed investment in Paztir in May 2017. This co-investment with VenturesOne is LIOF’s third investment into Paztir, in line with their mission to ensure the strengthening of the economic structure and small business scene in Limburg.
‘We’re happy to have found good partners for the investment, we believe that they can help us bring Paztir to the next level because that’s where we need to go” said Paztir CEO, Andrej Sobotkiewicz. He concluded, “Back to work now, the first step is done. On to the next one!”.