# Vertoro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vertoro

- Industry: Renewable Energy
- Headquarters: Geleen, Netherlands
- Website: www.vertoro.com
- Total disclosed funding: $12M
- Latest round: Series B (Jun 17, 2026)
- Investors on record: 6

## About

Vertoro is a pioneering company focused on developing sustainable bio-based solutions that replace fossil crude oil with innovative products for materials, chemicals, and fuels, while promoting environmental sustainability. Founded in 2017 in Geleen, Netherlands, Vertoro specializes in creating sustainable alternatives to fossil fuels. The company was founded by Michael Boot and Panos Kouris. In June 2026, Vertoro raised EUR 10 million in series B funding co-led by returning investor Maersk Growth and new investor Invest-NL, with participation from Industriebank LIOF, SHIFT Invest, Brightlands Venture Partners and Airbus. The series B funding was part of a larger EUR 17 million equity and debt funding.

Vertoro specializes in the development and commercialization of Goldilocks®, a pioneering bio-based platform product designed to replace fossil crude oil in the manufacturing of materials, chemicals, and fuels. This innovative solution utilizes waste woody biomass or technical lignin as its primary raw material, processed through proprietary technology involving a solvent and heat application. Goldilocks® allows customers to significantly reduce their carbon footprint while maintaining operational costs, catering to manufacturers, chemical producers, and fuel companies aiming for greener production methods. Vertoro's revenue model is centered around direct business-to-business transactions involving the sale of its flagship product, Goldilocks®. The company fosters tailored partnerships with clients, facilitating specific solutions that promote substantial reductions in carbon emissions. The transactional structure emphasizes long-term relationships, enabling clients to integrate Goldilocks® into their existing supply chains. Pricing reflects its value as a sustainable alternative to fossil fuels, negotiated based on volume and application-specific requirements, positioning Vertoro as a key player in the green technology sector. 

The company plans to utilize the June 2026 funding to scale renewable oil production, broaden chemical and materials applications, and develop sustainable aviation and maritime fuel pathways.

## Funding rounds

- Series B, Jun 17, 2026, $12M — Brightlands Venture Partners, SHIFT Invest, Airbus, Industriebank LIOF, Maersk Growth, Invest-NL

## Investors

- Brightlands Venture Partners (https://capitalatlas.ai/funds/brightlands-venture-partners) — Series B
- SHIFT Invest (https://capitalatlas.ai/funds/shift-invest) — Series B
- Airbus — Series B
- Industriebank LIOF (https://capitalatlas.ai/funds/industriebank-liof) — Series B
- Maersk Growth (https://capitalatlas.ai/funds/maersk-growth) — Series B
- Invest-NL — Series B