/ News / Dutch startups raise more than 500 mln in 2018

Dutch startups raise more than 500 mln in 2018

Looking at the funding numbers, the Dutch startup ecosystem is in excellent health! Every year we make a list of all publicly announced startup deals in The Netherlands, and for 2018 we were able to find more than 130 deals, with a median investment amount of 1 million euros.

Why this funding list

The goal of the Startupjuncture funding overview is to provide transparency into the Dutch ecosystem. The list shows that there are many startups that receive funding. We explicitly provide a full list rather than just a total number, to help other people do additional research. We hope the list shows startups what type of startups receive funding in The Netherlands, who the most active investors are, what the typical amount of funding is and at what stage startups can get funding. We are grateful that many investors and startups make this data available, since this data is important for other startups. In our view, having such data helps startups plan their investment strategy.

How the funding list is created

Searching: The list was created by searching the leading Dutch startup blogs for data about investments. Since startupjuncture is less active, we are relying on our colleagues. We would like to thank startup news sites Sprout, Emerce, EU startups and Silicon Canals   and public databases dealroom (via startupdelta) and Crunchbase. Also a large thanks to Thomas Mensink from Goldeneggcheck for help with analysis earlier this year.

Selecting: We have used a liberal definition of ‘startup’: we include any investment in an innovative company that intends to scale. If you have a more stricter definition of a startup, feel free to download the list and apply a filter on the data. The top 15 companies of the list are probably more scale-ups than startups: they have already found a business model. We believe however that any good research into startup funding should include these scale-ups as well. It would be very unfair to first exclude the major successes, and then conclude that there are few successful startups.

Estimation: In some cases, the amount of funding is undisclosed. We made an estimation of the funding amount in order to estimate total funding. We do this depending on what funding round it is and the type of investors. Our typical estimate is 500.000 euros since this is a typical seed/first round for a Dutch startup.

Validation: We have only included deals where there is an external source. Nevertheless: mistakes and omissions are possible. If you discover a mistake, please let us know.

Top startups

There are 11 startups that have received more than 15 million in funding. They are the startups/scale-ups that were most successful in raising funds. This is of course not the same as overall success: some of the most successful business do not need to raise funds.

Comparison to previous years

Comparing the total amount of funding is dangerous: one or two outliers have a huge impact on the total. Nevertheless it makes for interesting headlines so in the chart above we have included the totals. 2018 is a normal, good year for funding. There is no sign of a slowdown in startup funding. for more details on the previous years, check the following overviews:

The full 2018 Dutch startup investment list

This list provides for each startup the amount of funding received, the investors, and a link to the source of the investment information. The list is sorted on (estimated) funding amount. Note that the deals from the first quarter of 2018 are also included in our Q1 2018 funding overview, and the Q2 deals are included in our Q2 funding overview.

image credit: Ray Henessy – unsplash

Rank Startup Investor Amount Source
1 Bitfury Korelya Capital € 70,000,000 silicon canals
2 Dutch Finance Lab Pieter Schoen € 30,000,000 startupjuncture
3 Xenikos Medicxi and RA Capital Management € 30,000,000 xenikos
4 Shapeways Lux Capital € 25,775,850 shapeways
5 Ohpen Amerborgh € 25,000,000 startupjuncture
6 Framer Atomico, Accel € 21,000,000 silicon canals
7 Dott EQT Ventures and Naspers Ventures € 20,000,000 finsmes
8 Mimetas ELSG, Aglaia Oncology, Korys, Cathay, Innovation Quarter, OostNL € 18,450,000 mimetas
9 Lava Therapeutics Gilde Healthcare and Versant Ventures € 16,000,000 Lava Therapeutics
10 Digital Insurance Group Zurich Insurance and Finch Capital € 15,000,000 finsmes
11 Tiqets HPE growth capital € 15,000,000 HPE
12 Bidroom undisclosed € 15,000,000 silicon canals
13 VarmX BioGeneration Ventures and Innovation quarter € 12,500,000 silicon canals
14 Luxexcel Innovation Industries and previous investors € 12,000,000 bits&chips
15 Effect.AI ICO € 11,000,000 crunchbase
16 GreenFlux Eneco, SET Ventures, BOM, ICT Group € 11,000,000 sprout
17 Fastned bond issue € 11,000,000 silicon canals
18 Black Bear Chemelot Ventures, ING Sustainable Investments, Stitching DOEN, SCG, Social Impact Ventures and 5square € 11,000,000 silicon canals
19 Zivver Dawn Capital, DN Capital, HenQ € 11,000,001 zivver
20 Etergo a German automotive specialist € 10,000,000 silicon canals
21 Impraise Keen Venture and HenQ € 9,500,000 silicon canals
22 Photanol GROEIfonds, Investeringsfonds Groningen € 8,000,000 photanol
23 Cobase ING ventures € 7,500,000 silicon canals
24 Mosa meat Bell Food Group and Merck € 7,500,000 silicon canals
25 HousingAnywhere Vostok New Ventures € 6,000,000 baaz
26 VirtuaGym Endeit capital € 6,000,000 virtuagym
27 Mews HenQ € 6,000,000 HenQ
28 SMART Photonics informal investors € 6,000,000 smartphotonics
29 ParkBee Statkraft, InnovationQuarter € 5,000,000 startupjuncture
30 Lightyear private investors € 5,000,000 ED
31 Cleeng C4, Walvis participaties € 5,000,000 emerce
32 Hardt InnoEnergy € 5,000,000 silicon canals
33 Instant Magazine Connected capital, Newion € 4,500,000 silicon canals
34 Screenpoint Medical Siemens Healthineers and private investors € 4,300,000 Radboud UMC
35 OneFit INKEF Capital € 4,250,000 Sprout
36 Connecterra Sistema VC and AG funder € 4,200,000 Agfundernews
37 Innecs Power Systems Finindus, ENERGIIQ and BOM € 4,000,000 duurzaambedrijfsleven
38 Blendle Morten Strunge and BookSpot € 4,000,000 nu.nl
39 Roadmap Newion Investments € 4,000,000 sprout
40 Temper Slingshot € 4,000,000 silicon canals
41 Bambi Medical informal investors € 4,000,000 ED
42 Harver Insight Venture Partners € 3,900,000 startupjuncture
43 SemiBlocks BOM € 3,000,000 sprout
44 Crisp undisclosed € 3,000,000 silicon canals
45 Felyx private investors and ABN AMRO bank € 3,000,000 EU-startups
46 Fairphone crowdfunding via oneplanetcrowd € 2,500,000 silicon canals
47 Beyond Sports Triple IT € 2,400,000 sprout
48 blanco Volta Ventures and KBC Start it Fund € 2,000,000 blanco
49 Knowingo Airbridge € 2,000,000 airbridge
50 Exasun ING Sustainable Investments, ENERGIIQ, ABN Amro “several millions” innovationquarter
51 Phenospex LIOF € 2,000,000 futurefoodfund
52 Solease Crwdfunding via Duurzaaminvesteren € 2,000,000 silicon canals
53 Aectual AKEF, DOEN Participaties and American company € 1,800,000 sprout
54 Kepler Vision Technologies UVA Ventures, Stokman € 1,700,000 vectrix
55 healthy workers Cairn Real Estate € 1,500,000 emerce
56 Avular Lumipol Holding € 1,500,000 sprout
57 Physee undisclosed € 1,500,000 bright
58 Wonderflow P101 (Italy) € 1,500,000 tech.eu
59 Factris Speedinvest Fintech € 1,500,000 silicon canals
60 MRIguidance Health Innovations € 1,500,000 silicon canals
61 Rex.AI Newion ventures € 1,500,000 silicon canals
62 LeydenJar Technologies UNIIQ, BOM € 1,450,000 linkedin
63 Nowi Disruptive Technology Ventures € 1,400,000 linkedin
64 Openclaims Velocity Capital and Tablomonto € 1,300,000 emerce
65 Salvia BioElectronics BV BOM) and Thuja € 1,300,000 innovationorigins
66 Stapp.in Taxi Baan and Houttequiet and investment fund Silicon Polder Ventures € 1,300,000 silicon canals
67 Hardt Block Party (Gregory van der Wiel) € 1,250,000 startupjuncture
68 Swipeguide Newion Investment € 1,000,000 startupjuncture
69 Blockport ICO € 1,000,000 startupjuncture
70 Inkless Angel investors € 1,000,000 inkless
71 MindAffect OostNL, Bernard Muller € 1,000,000 nu.nl
72 Homerr CNBB Venture Partners € 1,000,000 emerce
73 The Next Closet PDENH, anneke Niessen € 1,000,000 sprout
74 Peel Pioneers BOM, Stichting Doen and ABN Amro € 1,000,000 peelpioneers
75 Attrace undisclosed € 1,000,000 perssupport
76 BridgeFund undisclosed € 1,000,000 bridgefund
77 Travelbags RTL Ventures € 1,000,000 schoenvisie
78 Brenger Tablomonto € 950,000 silicon canals
79 Voltea Unilever, Rabobank, ETF, Anterra € 900,000 crunchbase
80 Quicargo Angel investors € 900,000 emerce
81 Srprs.me crowdfunding € 900,000 silicon canals
82 Correspondent Pierre Omidyar € 800,000 emerce
83 ScanMovers angel investors € 750,000 EU startups
84 FlorAccess group of e-commerce investors € 750,000 startupjuncture
85 Otrium Fred Gehring (ex-CEO) and Ludo Onnink (ex-CFO) and Adriaan Mol € 750,000 startupjuncture
86 Loqed Nextstage € 700,000 vectrix
87 Objectiv Dutch entrepreneurs € 684,320 venture beat
88 Flex-appeal two informal investors € 600,000 startupjuncture
89 IMSystems (Archimedes Drive) InnovationQuarter en Lucros Investment € 600,000 innovation quarter
90 Geospark Airbridge € 500,000 finsmes
91 Picturae Karmijn undisclosed karmijn
92 EST-Floattech Rotterdam Port Fund undisclosed portofrotterdam
93 Unit040 BOM and Parinvest undisclosed emerce
94 Kriya Materials Henkel undisclosed chemelot
95 Triple Solar DOEN Participaties and PDENH undisclosed solarmagazine
96 Ockto ABN Amro undisclosed iex.nl
97 GoodFuels Social Invest Ventures undisclosed consultancy.nl
98 One Of A Kind Technologies Gimv undisclosed OOAKT
99 Fiberneering OostNL undisclosed oostNL
100 360SportsIntelligence OostNL undisclosed oostNL
101 Dobbi PostNL, Henkel undisclosed sprout
102 Onera BOM undisclosed silicon canals
103 Zummit Van der Meijden Investment undisclosed computable
104 Fibonacci Van der Meijden Investment undisclosed computable
105 GoCredible Rabo Frontier Ventures undisclosed emerce
106 Jules LIOF € 500,000 chapeau
107 Vertoro Chemelot Ventures, LIOF € 500,000 chemelot
108 Joindata Rabo Frontier Ventures undisclosed emerce
109 Volgroen PDENH and DOEN undisclosed solarmagazine
110 Wellsun Thomas Borsboom and Lucas van Reeken undisclosed wellsun
111 Unless Block Party (Gregory van der Wiel) undisclosed computable
112 Sneleentaxi Symbid crowdfunding € 500,000 silicon canals
113 Dyme ASIF undisclosed silicon canals
114 Edubookers BOM undisclosed silicon canals
115 Alledaags Nextgen Ventures € 500,000 silicon canals
116 EAVE Forward.one undisclosed Forward.one
117 Sjoprz Liof undisclosed LIOF
118 Plasmacure Oost NL and private investors undislosed ED
119 EFFECT Photonics Undisclosed undislosed bits&chips
120 Careibu undisclosed € 400,000 silicon canals
121 ContentKing a group of informal investors € 350,000 startupjuncture
122 Cafedeco Herman Veenendaal, Mike Zwolle, and another investor € 300,000 EU startups
123 Concord neonatal UNIIQ € 300,000 startupjuncture
124 Innovative Mechatronics UNIIQ € 300,000 uniiq
125 SunData DOEN € 300,000 Sundata
126 Oceans of Energy UNIIQ € 300,000 sprout
127 Voitures Extravert undisclosed € 300,000 voitures-extravert
128 Numeric Biotech UNIIQ and Erasmus MC € 300,000 numericbiotech
129 Closure Janneke Niessen € 300,000 silicon canals
130 Plek via Voordegroei € 300,000 silicon canals
131 Shypple Brabant Development Cooperation (BOM) 250000 (estimated) startupjuncture
132 DFFRNT Media Talpa Network 250000 (estimated) startupjuncture
133 Voicey Block Party (Gregory van der Wiel) € 250,000 startupjuncture
134 EAZ Wind Groninger Economisch Investeringsfonds € 200,000 energeia
135 Eco-movement Arches Capital € 200,000 silicon canals
136 Blockdata undisclosed € 200,000 silicon canals
137 LessonUp Peak capital € 100,000 sprout
138 Batchforce Peak capital € 100,000 sprout
Sieuwert van Otterloo
Sieuwert van Otterloo is IT expert by day and startup enthusiast by night. IT expert via Softwarezaken | innovation expert via Node1 | editor and cofounder of StartupJuncture | member of StartupDelta | startup investor. Reach out to Sieuwert via otterloo @ gmail .com

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