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Pay up, Pieter Vos (Rodeo): tricked investor PSG Equity awarded nearly €63M in damages

  • The Civil Court of Amsterdam has ruled in favor of PSG Equity in a case against Pieter Vos, the CEO of Rodeo Software.
  • Vos allegedly disappeared with millions of investment money, leading to an investigation by shareholders.
  • PSG Equity was awarded damages amounting to nearly €63M, to be paid by Vos.
  • Rodeo falsely claimed a large deal with Alphabet, deceiving investors into thinking the company was more successful than it was.
  • The actual revenue of Rodeo was significantly lower than reported, leading to bankruptcy and sale of the company.
  • No Such Friends, an investment arm tied to No Such Ventures, and a foundation under Vos's control also have to pay damages.
  • The whereabouts of the missing millions remain unknown, and a criminal fraud case against Vos is pending.
  • Vos did not attend court proceedings on Wednesday.

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