Fundraising Fox

Vertoro

Maastricht, NL · Founded 2017 · 17 employees on LinkedIn · 4 known investors

Find your way into Vertoro

240 people in our graph share verified history with the Vertoro team — schools, employers, funds. One of them is your warm intro.

Nikolai Riiberunlockedknows Panos Kouris · together at Imperial Business School (overlapped)
×2knows the team · via Unilever
×8knows the team · via Imperial Business School
knows the team · via Eindhoven University of Technology

Vertoro is a bio-based chemicals company that converts woody and agricultural residues into green alternatives to fossil crude oil for use as platform products in materials, chemicals, and fuels. The company operates a scalable production platform validated at Technology Readiness Level 6 and serves industrial customers across oil, shipping, and chemical sectors seeking sustainable substitutes.

BiotechCircular EconomyCleantechEnergyNew Materials

Founders & leadership

Vertoro was founded in 2017 by Michael Boot and Panos Kouris.

MBMichael Boot
Michael BootinCEOMichael Boot holds a PhD and MSc in Combustion Technology from Eindhoven University of Technology and an Executive MBA from TIAS School for Business and Society; he has 20 years of experience in combustion technology and biomass valorization, and serves as CEO of Vertoro, a company spun out of TU/e and DSM that converts woody and agricultural residues into bio-based chemical alternatives.
PK
Panos KourisinCTOPanos Kouris holds a BSc and MSc in Chemical Engineering from the University of Patras, where he studied polyphenol recovery and methane production from olive oil mill wastewater, and a second MSc in Chemical & Process Technology from Eindhoven University of Technology focused on biomass component recovery using Deep Eutectic Solvents. He completed a PhD in Chemical Engineering at Eindhoven University of Technology on liquid biofuel development from lignin and designed a pilot plant for lignocellulosic biomass conversion; he is now CTO of Vertoro, which he co-founded, overseeing technology and intellectual property.
DDDirk den Ouden
Dirk den OudeninChief Executive Officer

Investors · 4

Climate Tech PartnersSydney · $650K – $3.3M
Maersk Growth$1M – $50Mvia Shereen Zarkani · inferred
SHIFT InvestAmstelveen · $270K – $3.3M
Invest-NLreported · 2 sourcesAmsterdam

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Scaling Plant-Based Waste: Vertoro Closes €17 Million Series B Roundglobalaginvesting.com · Jun 2026Vertoro Raises $20 Million to Scale Plant-Based Clean Fuel Technology - ESG Todayesgtoday.com · Jun 2026Maersk and Invest-NL back company turning crop waste into oil that could power ships and planes | Impact Loop VCimpactloop.com · Jun 2026Vertoro secures €17 million to scale renewable oilioplus.nl · Jun 2026Vertoro Raises €17 Million to scale renewable oil platform for low-carbon fuels and chemicals - Innovationquarterinnovationquarter.nl · Jun 2026Vertoro raises €17m for Rotterdam lignin-to-fuel plantqcintel.com · Jun 2026

Frequently asked questions

What does Vertoro do?
Vertoro is a bio-based chemicals company that converts woody and agricultural residues into green alternatives to fossil crude oil for use as platform products in materials, chemicals, and fuels. The company operates a scalable production platform validated at Technology Readiness Level 6 and serves industrial customers across oil, shipping, and chemical sectors seeking sustainable substitutes.
Who founded Vertoro?
Vertoro was founded by Michael Boot, Panos Kouris in 2017.
Who are Vertoro's investors?
Vertoro's investors include Climate Tech Partners, Maersk Growth, SHIFT Invest, Invest-NL.
Where is Vertoro headquartered?
Vertoro is headquartered in Maastricht, NL.