6.5 million euro financing round for VSParticle

VSParticle secures €6.5 million to expand its nanoparticle technology to accelerate the development of new materials and advance its use in green hydrogen production

Delft, August 8, 2024 - Dutch startup VSParticle (VSP) has raised €6.5 million in a funding round. The round was led by NordicNinja, while existing investor Plural also invested again. VSP intends to use the fresh capital to further advance its technology for the discovery and development of new materials. The aim is to enable innovations over the next ten years that would otherwise take a century.

New technology for material development

VSParticle develops and markets devices that make it possible to break down materials to the size of nanoparticles and synthesize them at the touch of a button. This technology is primarily aimed at research and development teams in universities and companies. By using VSP technology, the process of material discovery can be significantly accelerated: What could previously take up to 15 years can now be achieved in just one year.

Our technology is helping researchers worldwide to develop new materials that contribute to the production of green hydrogen and reduce emissions in carbon-intensive industries

Aaike van Vugt, co-founder and CEO of VSParticle

Areas of application and global expansion

VSP's flagship product, the VSP-P1 nanoprinter, has already been delivered to teams in Asia, the Middle East, Europe and North America. Users include renowned institutions such as the Sorbonne University Abu Dhabi, the Lawrence Livermore National Laboratory in the USA and the Dutch Institute for Fundamental Energy Research (DIFFER). These teams are using the technology to develop new materials for industrial applications that are crucial for a sustainable future.

The world has recognized that we need to accelerate innovation to address global challenges such as decarbonization

Sten Tamkivi, Partner at Plural

Especially in the field of hydrogen production, VSP's technology plays an important role. By developing new catalysts that use less rare metals such as iridium, costs can be reduced and the production of green hydrogen can be made more efficient. The first products based on this technology are expected to come onto the market as early as 2027.

Future developments and growth

In addition to further technological development, VSParticle is also planning to expand into Japan and intensify its activities in the USA and Europe. The new financing is also intended to significantly increase the performance of the nanoprinters - with up to 100 times the production capacity.

Interesting facts about VSParticle

VSParticle was founded in Delft, the Netherlands, in 2014 with the aim of accelerating the development of materials for future products. The company's technology connects all steps of the innovation process and helps researchers and industry to develop new materials faster and more efficiently. VSP plays a central role in research into green technologies and thus contributes to tackling the climate crisis.