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Corporation
FINANCIAL | Retail Banking
ingbank.nl

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Investments

10

Portfolio Exits

3

About ING Bank

ING Bank is a corporation based out of Netherlands.

ING Bank Headquarter Location

Netherlands

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Latest ING Bank News

PropTech PRODA backed by ING Ventures

Sep 24, 2021

PropTech PRODA backed by ING Ventures Funding round, which includes existing investor Surplus Invest, follows successful signing of ING Bank as a customer earlier this year Share: The investment follows the successful signing of ING Bank as a customer earlier this year. Surplus Invest, an existing investor in PRODA, has also taken part in this round of funding, with the total amount of shares issued equalling around £3.4 million, consisting of new capital and converting existing loan notes. This funding round will help build upon the ongoing rollout of PRODA’s product pipeline, including the sharing of data between users and the collaboration with other software and data providers. Launched in 2017 by property professionals Peter Bredthauer and Charles Williams, PRODA is a cloud-based software solution that captures, standardises, validates, and exchanges rent roll data – key data in the institutional real estate industry. “Before signing ING Bank as a customer, we have been working very closely together over several months, with PRODA tested extensively in various teams across different countries,” said CEO Bredthauer. “We were really impressed by ING’s interest and commitment to work with technology companies that improve process and services, not just for ING employees but for their customers and clients as well. “As a result, it was an easy decision to team up with them to further our vision of building PRODA into a main hub for processing and analysing rent roll data.” The technology platform, which is targeted at real estate lenders, asset managers, investment brokers, as well as other PropTech businesses, automates previously manual and error-prone data processing tasks. “Our investment in PRODA, is evidence of our commitment to deliver best in class services across ING,” said Annerie Vreugdenhil, chief innovation officer at ING. “By leveraging the technology of PRODA, ING can help to significantly reduce the administrative burden that rent roll management is for many clients. In addition, PRODA’s technology lets us realise efficiencies in our reporting towards regulators.”

ING Bank Investments

10 Investments

ING Bank has made 10 investments. Their latest investment was in Gunvor Group as part of their Line of Credit - VII on June 6, 2021.

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ING Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/23/2021

Line of Credit - VII

Gunvor Group

$830M

Yes

Abu Dhabi Commercial Bank, Arab Petroleum Investments Corporation, Attijariwafa Bank, Bank of Tokyo-Mitsubishi UFJ, China CITIC Bank, Commerzbank, DBS Bank, Emirates NBD, First Abu Dhabi Bank, Mizuho Bank, National Bank of Fujairah, Natixis, OCBC Bank, Rabobank, SMBC Capital, Societe Generale Group, Sumitomo Mitsui Trust Holdings, and Taichung Commercial Bank Securities

1

3/29/2021

Loan - II

FrieslandCampina

$353.33M

Yes

1

3/23/2021

Seed VC

Ambassify

Yes

Jean-Marie Vliegen, and LRM Capital

1

1/14/2021

Series C

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$99M

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10

6/20/2012

Debt

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$99M

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10

Date

6/23/2021

3/29/2021

3/23/2021

1/14/2021

6/20/2012

Round

Line of Credit - VII

Loan - II

Seed VC

Series C

Debt

Company

Gunvor Group

FrieslandCampina

Ambassify

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Amount

$830M

$353.33M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Abu Dhabi Commercial Bank, Arab Petroleum Investments Corporation, Attijariwafa Bank, Bank of Tokyo-Mitsubishi UFJ, China CITIC Bank, Commerzbank, DBS Bank, Emirates NBD, First Abu Dhabi Bank, Mizuho Bank, National Bank of Fujairah, Natixis, OCBC Bank, Rabobank, SMBC Capital, Societe Generale Group, Sumitomo Mitsui Trust Holdings, and Taichung Commercial Bank Securities

Jean-Marie Vliegen, and LRM Capital

Sources

1

1

1

10

10

ING Bank Portfolio Exits

3 Portfolio Exits

ING Bank has 3 portfolio exits. Their latest portfolio exit was Twisto Payments on May 24, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/24/2021

Acquired

$991

Zip

14

00/00/0000

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10

00/00/0000

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10

Date

5/24/2021

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

Zip

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Sources

14

10

10

ING Bank Team

7 Team Members

ING Bank has 7 team members, including former Chief Executive Officer, Pieter Louter.

Name

Work History

Title

Status

Pieter Louter

KPN, ING, and Achmea

Chief Executive Officer

Former

Pawel Radzieciak

Chief Financial Officer

Former

Nicolas SERRE

Chief Information Officer

Former

William Jasien

Executive Vice President

Former

Allan Lee

Senior Vice President

Former

Name

Pieter Louter

Pawel Radzieciak

Nicolas SERRE

William Jasien

Allan Lee

Work History

KPN, ING, and Achmea

Title

Chief Executive Officer

Chief Financial Officer

Chief Information Officer

Executive Vice President

Senior Vice President

Status

Former

Former

Former

Former

Former

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