Argaleo, the Bossche ICT company founded in 2019, has raised an investment from the Bossche Investment Fund (BIF). In the past two years, Argaleo has grown rapidly to a full-fledged scaleup with its own software platform, dozens of customers and leading references. The investment and coaching from BIF will support the professional growth of the organization to enter a new phase.
Argaleo collects and links data to a digital 3D copy of a city or region, a so-called Digital Twin. With these data-driven insights, the Digital Twin supports governments and companies in improving livability, safety and mobility in cities. In the past two years, dozens of municipalities, provinces and safety regions have started using Argaleo's dashboards. For example, to gain insight into cycling behavior in the provinces of Utrecht, South Holland and North Brabant. But also for insight into public safety such as the dashboard developed and used by the organization of the cycling event La Vuelta Holanda this summer.
Jeroen Steenbakkers and Andre Sluyter (founders Argaleo)
BIF investment and coaching
Argaleo is receiving the investment from the Bossche Investeringsfonds, a public-private fund funded by six private investors, all successful entrepreneurs, and the Municipality of 's-Hertogenbosch. "For the past two years, we have been developing and deploying our software platform and market solutions to large organizations on our own. We are now facing a second phase in which we need to convert the potential and successes into professional growth in current and new market segments. That is where this investment is going to help us"; says Jeroen Steenbakkers, who founded the company together with Andre Sluyter.
In addition to the investment, the private investors also commit themselves as coaches to the companies in which they participate. Arjen Heeres, co-founder of Quintiq, will mentor Steenbakkers as he scales up: "Jeroen has developed a clear vision of where his company is headed with a solution that is broadly applicable and scalable. We will help Jeroen apply the right focus but can also advise him on day-to-day decisions a growing company faces." The two are no strangers to each other. Coincidentally, Jeroen also applied to Quintiq ten years ago. "I recognize many of the challenges Argaleo has now from my early days at Quintiq. So that's a good fit," says Heeres.
Arjen Heeres (left) and Leo van Schijndel (right) of the Bossche Investment Fund
Den Bosch data city
Argaleo is one of the many ICT and data companies from Den Bosch and is also located in the Grasso building, the hub of the ICT & data community in Den Bosch. Alderman Ralph Geers has economic affairs, data economy and innovation in his portfolio and is pleased with the development of the Bosch ecosystem. "Entrepreneurs, government and education are finding each other better and better. In the field of ICT and data, we have powerful tools in 's-Hertogenbosch to stimulate entrepreneurship. The Bossche Investment Fund's investment in Argaleo is a great example of the power of a public-private partnership. It is great to see that partly because of this the company has achieved successes throughout the Netherlands in such a short time." With the presence of JADS (Jheronimus Acadamy of Data Science) and an active municipality fully committed to data, the Grasso building in Den Bosch's Innovation Quarter is the perfect breeding ground for Argaleo.
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