Independent dairy intelligence platform Vesper raises €5 million

Fast-growing Amsterdam scale-up,Vesper, has raised €5 million in a seed round led by venture studio Slimmer AI. The round also saw participation from a number of angel investors including Adriaan Mol, two-time unicorn founder of Mollie and MessageBird.

Launched by Alexander Sterk in October 2019, Vesper solves the tremendous challenges faced by dairy traders, buyers, and sellers, including a lack of accurate and independent information, antiquated and disparate systems, and the need for real-time value-add insights. The demand for commodity intelligence continues to soar, propelling towards an expected total market of $4.9 billion by 2026.

Less than two years into its journey, Vesper is trusted by many of the biggest brands in the market, including Nestlé, Fonterra, Cargill, Unilever, Lactalis, and Danone. Through its offering, Vesper supports these clients to improve their tradingstrategies, make informed pricing decisions, and de-risk potential trades.

“As a dairy trader, I felt the pain first-hand when using legacy systems—decentralised information, little innovation, and a lack of real-time actionable insightshindered my ability to do my job.It was clear the space was ripe for disruption,” says founder Alexander Sterk. “Vesper provides our customers with a leading-edge user experience and advanced predictive insights powered by AI, which will only be improved by working with Slimmer AI.”

In addition to its superior UX/UI designedby buyers and sellers for buyers and sellers, Vesper offers a proprietary price benchmarking solution, the Vesper Price Index; and includes market forecasts powered by data science and AI. Vesper’s real-time pricing, volume/stock information, and forecast insights enable sellers, buyers, and traders to trade with confidence and ease.

With the additional capital secured in this seed round, Vesper will accelerate their growth ambitions through the launch of new commodities to the Vesper platform, and with strategic hires focused on commercial and technical excellence.

“Vesper is an exceptional commercial success story, especially at such an early stage. But what impressed me most was that Vesper built a superior product absolutely loved by their customers. We are excited to team up with Vesper to contribute to their successful scaling up,” says JC Heyneke, Slimmer AI CEO. 

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