Through investment funds made available for regional economic development by the regional development agency Participation Company East Netherlands (PPM Oost), Topell announces that it has secured a financing round of €13 million. In so doing, it has further strengthened its intellectual property position.
In addition to PPM Oost, the financing round was directed by Yellow Blue Clean Energy Investment Management, which, together with Ingot Venture Capital, is the current investor in Topell. Other parties to the financing round are the Innovation and Investment Fund Gelderland BV (IIG), a regional investment fund managed by PPM Oost, board members and private investors.
Read the attached full press release