# Vertoro B.V.: Oil & energy, Geleen, Netherlands

> Vertoro B.V.: Vertoro B.V. is a Dutch cleantech company founded in 2017, focused on providing sustainable alternatives to fossil resources.

Source: https://millionrounds.com/startup/vertoro-b-v (Millionrounds; every figure on the page links to its filing or article)

Netherlands · [Oil & energy startup](https://millionrounds.com/companies)

# Vertoro B.V.

Vertoro B.V. is a Dutch cleantech company founded in 2017, focused on providing sustainable alternatives to fossil resources.

Funding reported Last round: Series A

Oil & energy Geleen, Netherlands

Company summary

- **Founded:** 2017 9 years old
- **Team:** 17 11 to 50 people
- **Funding reported:** 11.5M as listed, currency not stated
- **Last round:** Series A Oct 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Vertoro B.V. has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Vertoro B.V.

Vertoro B.V. is a Dutch cleantech company founded in 2017, focused on providing sustainable alternatives to fossil resources.

The company produces Goldilocks®, a 100% bio-based platform product derived from lignin found in woody and agricultural residues. This innovative product aims to replace fossil crude oil as a feedstock for materials, chemicals, and fuels, helping industries reduce their carbon footprint. The company operates in the energy production, biotechnology, and chemicals sectors, utilizing a patented, low-pressure, and low-temperature thermochemical process to convert biogenic residues into stable lignin oligomers. Vertoro's primary product, Goldilocks®, includes Crude Lignin Oil (CLO) and Crude Sugar Oil (CSO), which can be used as sustainable marine fuel or refined into sustainable aviation fuel, road fuels, and bio-based chemicals. With a demonstration plant in Geleen, Vertoro is preparing for commercial deployment through a licensing model, targeting industrial clients in the maritime, chemical, energy, and logistics sectors.

## What company datasets say Vertoro B.V. raised

Funding, as reported

Reported in all **11.5M** in the source's currency

Rounds **1**

Last round **Series A**

Last round size **18.7M**

Last round date **Oct 2021**

Investors listed **4**

## Founders and team

From Vertoro B.V.'s own website: 1 founder, 7 on the team.

**Dr. Panos Kouris** Co-founder & Chief Technology Officer

- **Dirk den Ouden** Chief Executive Officer
- **Dr. Michael Boot** Chief growth officer
- **John Penders** Senior Lead Operator
- **Norwin Zuidema** Project Manager
- **Peter Classen** Senior Lead Operator / Assistant Plant Manager
- **Pim Havermans** Plant Manager
- **Roger Geurts** Process development engineer

## On a portfolio page

Investors who name them

- [Climate Tech Partners](https://millionrounds.com/fund/climate-tech-partners)

Each firm lists Vertoro B.V. on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

clean energy & technology carbon footprint reduction manufacturing sustainable materials biorefinery technology trl 6 validation platform for materials and fuels environmental services bio-based platform product mild thermolytic process lignin-first approach scale-up technology bio-based platform bio-oil lignocellulosic biomass waste woody biomass

Built with from their website

Google Tag Manager WordPress.org YouTube MailChimp CloudFlare Viewport Meta Cloudflare WAF CloudFlare CDN Priority Hints Google Font API

+8 more

Microsoft Exchange FitVids.JS MySQL PrimeNG Microsoft 365 Apps & Services Mobile Friendly Open Graph jQuery

- **Sector:** Oil & energy
- **Industry code:** NAICS 325199, SIC 2869
- **Region:** Limburg
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/vertoro)

## Oil & energy in Netherlands

Startups like it

- [**ExRobotics** Delft · founded 2017 *Raised*](https://millionrounds.com/company/exrobotics)
- [**Mazarine Energy** The Hague · founded 2013](https://millionrounds.com/startup/mazarine-energy)
- [**THORIZON** Amsterdam · founded 2018](https://millionrounds.com/startup/thorizon)
- [**ShaleProfile (Acquired by Novi Labs)** Rotterdam · founded 2017](https://millionrounds.com/startup/shaleprofile-acquired-by-novi-labs)
- [**Route4Gas** Amsterdam · founded 2017](https://millionrounds.com/startup/route4gas)
- [**IRM Systems** Delft · founded 2011](https://millionrounds.com/startup/irm-systems)
- [**SteelTrace** Heerlen · founded 2017](https://millionrounds.com/startup/steeltrace)
- [**Capacity Energy** Amsterdam · founded 2013](https://millionrounds.com/startup/capacity-energy)

## Is this your company?

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