Update on Startupbootcamp Restructuring and the Ongoing Security of Your Investment

Dear Investors,

Following the recent communication from Startupbootcamp regarding the situation of A-ccelerator B.V., we would like to provide additional clarity from Nxchange. We understand that such news may raise questions, and we want to reassure you by outlining what this means for you and your investment.

Global restructuring within the Startupbootcamp network:
As part of a broader restructuring, the Amsterdam office will focus entirely on managing and growing the existing portfolio.
New startups will continue to be accelerated through other Startupbootcamp offices worldwide. This ensures that fully funded cohorts can still run their programs from the location that best fits their theme. Nothing changes for your investment.

Your investments remain safe:
The SPVs in which your investments are held are legally independent entities and are not affected by the bankruptcy of A-ccelerator B.V. The value, structure, and composition of your current startup portfolio remain fully intact.

Nxchange remains committed to the vertical:
The bankruptcy has no impact on the functioning of the Nxchange platform or the services you receive from us. Nxchange continues to welcome new investors into the vertical and supports Startupbootcamp in ensuring long-term value creation. The focus on growing and developing the existing participations remains unchanged.
In summary: the program continues, investor services remain stable, startup acceleration goes on within the global SBC network, and your investment remains secure.

If you have any questions, please feel free to reach out. We are here to support you and will keep you informed about any relevant updates.

Kind regards,

The Nxchange Team

Update on statutory director of the SPV

Dear shareholders,

With this message, we would like to inform you about a recent development in the governance structure of the program B.V.’s in which your current investments are held. On Monday, 24 November, A-ccelerator B.V. was declared bankrupt. Until now, this entity has acted as the statutory director of the SPVs in which you participate.

What does this mean for you?
We want to emphasize that this bankruptcy has no impact on the value, legal status, or composition of your existing startup portfolio. The SPVs are legally separate entities and do not fall under the bankruptcy. Your investment is safe.

Continuity of management
To safeguard the interests of the SPVs and your investment, the following steps are being taken:
- New director: A new statutory director for the SPVs will be proposed in the short term. We will inform you about this procedure in due course.
- Management and reporting: Day-to-day management, monitoring of the startups, and portfolio reporting will continue as you are used to from us.

Focus on the existing portfolio
A direct consequence of the situation at A-ccelerator B.V. is that, after completion of the current cohorts, no new startups will be added to the Dutch portfolio. The focus will therefore shift entirely to maximizing the value of the current participations (portfolio management).

We will keep you proactively informed about the progress regarding the appointment of the new director. Should you have any questions in the meantime, you can reach me at marc.jellema@startupbootcamp.org.

Kind regards,
Marc Jellema

SBC Bold Action 2224 B.V. Q3 2025 Report

Dear Shareholder,
We hope you are doing well.

We are pleased to present the Q3 2025 report for SBC Bold Action 2224 B.V. We encourage you to review it in detail and welcome any questions or insights you may have.

We are grateful for your continued engagement, collaboration, and investment, which make it possible to scale responsible innovation and drive sustainable growth.

For inquiries, investment opportunities, or to receive direct updates, please contact Marc Jellema, Chief Executive Officer a.i., at marc.jellema@startupbootcamp.org.

Announcement: Update on Fundraising Activities via NXChange

As part of a global restructuring within the Startupbootcamp network, the Amsterdam office will move its focus to the management of the existing portfolio and will pause the activities for running programs to accelerate new cohorts.

Fundraising for BOLD2 will continue via NXChange and fully funded cohorts will have their programs run from a Startupbootcamp office that best fits the program theme.  

Our focus in the Amsterdam office remains on the management and growth of the existing portfolio, ensuring that the value created through past programs continues to develop and deliver results over time.

Leadership change

Startupbootcamp announces that Joey Moreau (Chief Operating Officer) and Kauan von Novack Santos (Chief Executive Officer) have departed the company. Effective immediately, Marc Jellema has been appointed Chief Executive Officer and will lead the company in its next phase of growth.

SBC Bold Action 2224 B.V. Interim Report 2025

Dear Shareholder,

We hope you are doing well and have been enjoying the summer months.

As we close the second quarter of 2025, we are pleased to present the latest report for SBC Bold Action 2224 B.V.. We encourage you to review it in detail and welcome any questions or insights you may have.

We are grateful for your continued engagement, collaboration, and investment, which make it possible to scale responsible innovation and drive sustainable growth.

For inquiries, investment opportunities, or to receive direct updates, please contact Marc Jellema, Chief Executive Officer a.i., at marc.jellema@startupbootcamp.org.

SBC Bold Action 2224 B.V. – Q1 2025 Report

Dear Shareholder,

We hope all is well with you.

As we close the first quarter of 2025, we are pleased to present the latest report for SBC Bold Action 2224 B.V. We encourage you to review the report in detail and welcome any questions or insights you may have.

We’re grateful for your continued trust in our mission to scale responsible innovation globally. Thank you for being an integral part of this journey.

If you have any questions, please feel free to reach out to Marc Jellema, Chief Executive Officer a.i., at marc.jellema@startupbootcamp.org.

Startupbootcamp's Investor Magazine - Edition 05

Dear Shareholders,

Welcome to the fifth edition of Investor Magazine—your monthly update on Startupbootcamp’s publicly traded startup portfolios and the founders who are turning bold ideas into scalable impact.

This month, we spotlight four ventures making serious progress across fintech, sustainable fashion, agri-tech, and circular energy:

- Cyan Reef is strengthening its financial governance engine for sustainable investing after securing a grant from Innofund and hiring key tech talent.
- Glam You Up is onboarding high-end fashion clients like Viktoria Varga, Tombolini, and Malo, proving its AI stylist platform is more than a nice-to-have—it's a growth tool.
- Agri-fintech Zaoshinani is growing fast, with new clients, new hires, and a well-earned spot on Yale Startup Review’s Top 30 African Startups of 2025.
- QuadLoop is scaling its circular energy tech, moving into its own facility and shipping 500 solar units to Mozambique in its first international contract.

These updates show what our portfolios are all about: measurable traction, real-world value, and early wins that signal long-term potential. We’re proud to support these founders—and to have you with us as we back the next generation of impactful innovation.

Enjoy the read,
Zahira & The Startupbootcamp Team

Startupbootcamp's Investor Magazine - Edition 04

Dear Shareholders,

Welcome to the fourth edition of Investor Magazine: your monthly window into Startupbootcamp’s publicly traded startup portfolios. With 2025 off to a powerful start, this issue dives into some of the latest progress our startups have made so far:

- Wëia scaling its 'Farm Now, Pay Later' agri-fintech model across Latin America

- AFO Acuaponia delivering food security through sustainable systems

- Tulyp going live with a full-service global trade platform

- CurubaTech landing a spot in Nestlé’s value chain and on Shark Tank Colombia

This month also marked FUTURE XPO Next, where 50+ startups took the stage in Amsterdam to pitch, connect, and drive momentum with 350+ investors and partners. And just as one highlight wraps, another begins: Selection Week kicks off this week, where we’ll meet the next wave of standout founders across AI, DeepTech, and FoodTech.

As always, these updates reflect our core mission: backing ventures that create real-world value while advancing the UN Sustainable Development Goals (SDGs). We’re proud to have you with us as we continue to support founders building a smarter, fairer future.

Enjoy the read,

Zahira and The Startupbootcamp Team
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Need to get in touch?

For portfolio inquiries: Kauan von Novack, Group CEO – kauan@startupbootcamp.org

For investor relations: Joey Moreau, Group COO – joey.moreau@startupbootcamp.org

For media or press: Zahira Roubaa, Global Head of Marketing – zahira@startupbootcamp.org

SBC Bold Action 2224 B.V. - 2024 Annual Report

Dear Shareholder,

We hope all is well with you. We are pleased to present the latest report for SBC Bold Action 2224 B.V.. In the report, you will find the latest updates on the
portfolio's performance, insights into individual startups, and key developments in
investor-focused activities.

We encourage you to review the report in detail and welcome any questions or insights you may have.

Thank you for being an integral part of our mission to drive responsible innovation globally. If you have any questions, always feel free to contact Joey Moreau, Group COO, at joey.moreau@startupbootcamp.org.