What happens in the startup scene in The Netherlands right now? Find out in another Dutch startup news update!
News & Updates
EclecticIQ closes the ‘Dutch Startup Deal of the Year.’
The Amsterdam-based cyber security startup EclecticIQ has closed the ‘Dutch Startup Deal of the Year’, according to the jury of the Vectrix-NexStage award. EclecticIQ makes cyber security data available in standard formats that analyst can enrich with information specifically relevant to them. The data is collected from multiple security data vendors, such as Intel471 as well as open source and community feeds. The other top contenders during the final on April 13, were: Bynder (€20M), InvoiceFinance (€3.4M), Recruitz (€2.M). HotelChamp (€1.75M). EclecticIQ raised €5.5M last year from Inkef Capital and KPN Ventures.
Tiqets wins Tech5 The Netherlands second time in a row
While the Vectrix-Next Stage Award is all about getting the best funding deal, the Tech5 award is all about revenue. This year there is unfortunately not a surprise winner. Just like last year Tiqets won the price. The only surprise is the increase in sales. Because the startup is contending for the first place in Europe, right now we only know that it’s even more than the 2000 percentage point of last year.
Satellite-startup Magnitude Space raises 1 million euro to offer IoT devices satellite connectivity
The startup aims to enable connectivity to the forecasted 50 billion devices in 2020. It’s focuses however on low data load devices in areas where there are no connectivity offerings yet.
The devices will be equipped with special Magnitude Space sensors and modems. The startup is set to launch its first satellite at the end of 2017. The technology stack of the company is built in collaboration with the European Space Agency.
Catawiki 13th fastest growing company of Europe
Dutch startup (scale-up) darling Catawiki makes the 13th place in the Financial Times 1000 Europe’s fastest-growing companies. Not bad!
CIC Rotterdam Grows to More Than 100 Companies
Officially launched in September 2016 CIC Rotterdam houses over 100 companies, most of them startups. Close to a quarter of the companies focus on tech, with energy/sustainability and health/life sciences. In Amsterdam WeWork and B. Amsterdam are well-known co-working spaces that are slowly building mini-startup ecosystems. It’s good to see that Rotterdam is creating its own startup hub.
Funding
Cybersprint raises €700.000 euro from InnovationQuarter and informals
The informals co-investing in Cybersprint are Lennard Zwart and Arthur van der Wees. Cybersprint, an anti-pishing and malware startup will use the new capital injection for product development and the expansion of its offering internationally.
Indica receives funding from Value Creation Capital to expand data control
Another security startup, Indica, raises funding from Value Creation Capital. The company, based in Utrecht, develops innovative software unlocking and analysing data.
Public House of Art raises €1.5M from Q2Q Capital
The rebel startup Public House of Art raises 1.5 million euro from Dubai-based family office Q2Q Capital. The startup sets itself apart in every sense from the industry. Aiming to make art accessible for all, with the punch line: art to disrupt, not bankrupt. StartupJuncture interviewed the founder Sid Sand, who invested one million euro of his own money in the company.
83North closes $250M fourth fund focused on European, Israeli startups
Israeli VC firm 83North announced last week the close of its new tech fund at $250 million. , The fund, 83North IV, will invest in European and Israeli companies. Notable investments of the company are JustEat and iZettle. The firm’s total capital under management is $800 million.
Monday Afternoon Read
Startups and large customers are a mismatch
Must-read for startups getting to close to soon to large (corporate) clients that will kill them before really taking off, instead of being the launching customer they so much cherish.
U.S. venture activity is back down-to earth
Everything, well, almost everything that happens in startup world, first happens in the US, Silicon Valley. In Q1 of 2017 venture investing has not slowed down compared to last year. $16.5 billion was invested according to NVCA and Pitchbook, which is a bit more than Q4 2016. However, the number of companies that attracted the funding is as slow as Q4 2011. The good news: good startups stil get funded. The bad news: you have to fight harder for it, even and maybe even more so in Europe.
Image credit: NASA