Invitation – Ask Me Anything Session for Investors (January 22)

Dear Investor,

We would like to invite you to an Ask Me Anything (AMA) session on Thursday, January 22, from 3:00–5:00 PM, where we will have an open and transparent conversation about the current situation, the portfolio, and the steps ahead.

The purpose of this session is to create space for your questions and to engage in an open dialogue.

To help us organize this session effectively, we kindly ask for your support on the following points:

1. Confirm your attendance
Please let us know whether you plan to attend by completing this short Google Form:
https://forms.gle/5d9uQviiEznRR4578


2. Questions in advance
If you already have specific questions or topics you would like us to address during the AMA, you can submit them directly via the same Google Form. This will help us prepare properly.


3. Location in Amsterdam
We intend to host this AMA in person in Amsterdam. If you are able to offer a suitable meeting space, or know someone who can, we would appreciate hearing from you via the form as well.


Once the location is confirmed, we will share a calendar invitation with all practical details.
Thank you for your continued engagement and support. We look forward to an open and constructive discussion.

Kind regards,
Marc Jellema (marc.jellema@startupbootcamp.org)

Startupbootcamp

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 Sustainability 2123 B.V. Q3 2025 Report

Dear Shareholder,
We hope you are doing well.

We are pleased to present the Q3 2025 report for SBC Sustainability 2123 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.

Update – Settlement of Ascentys

Dear investors,

I would like to inform you about the settlement of Ascentys Sàrl, a participant in the SBC Sustainability 2023 program.

On 16 June 2025, Ascentys entered into an agreement with Planted GmbH (Germany) for the sale of its client base and active SaaS service contracts. The transaction was structured as an asset deal (no share transfer) and formed part of an orderly wind-down of the company’s operations.

In accordance with the agreement, Planted took over the clients Metalor, Kalexius, Red Bear Tech, and Anastopoulos Shipping. The financial settlement of the transaction was based on a commission per successfully transferred client, confirmed by an invoice dated 26 September 2025 for a total amount of €10,805.47.

Upon review, we found that the sale was not fully compliant with the provisions of the signed Shareholders Agreement (SHA). According to the SHA, such a transfer of core assets should have been submitted for prior approval by the shareholders, including SBC Sustainability 2123 B.V.

Given the limited financial materiality of the transaction and the company’s current wind-down status, we have decided not to pursue further legal action other than formal closure through a sale agreement, which includes standard warranties to safeguard our position as much as possible.

We trust this update provides you with sufficient information.

Kind regards,
Marc Jellema
On behalf of SBC Sustainability 2123 B.V.

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 Sustainability 2123 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 Sustainability 2123 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 Sustainability 2123 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 Sustainability 2123 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