Amsterdam-based VonWood, a digital trading platform for Wood, has been declared bankrupt by the Amsterdam District Court, earlier this week.
The company, known for making the online trading process completely transparent and affordable, could not reportedly fulfil its financial obligation, resulting in shutting down operations.
“Our team and partners have worked tirelessly to bring digital transformation to the timber industry. Unfortunately, the inherent conservatism of the industry has made it challenging to achieve this goal,” says David de Jong, CEO and co-founder of VonWood to Silicon Canals.
DD Nijkamp has been appointed as the trustee for the bankruptcy settlement.
The bankruptcy announcement comes nine months…
