2017 was a year with many surprising investments, even a few amounts that we haven’t seen before in the Dutch startup eco-system. Our economy is certainly doing better and startups can now seed from the education and support given over the years. Startups mean innovation, change. The total amount of investments in the Dutch startup industry known by us, states €441.696.000.
And based on our overview, the ICO hype hasn’t reached the Netherlands yet. Which doesn’t mean crypto isn’t playing a growing role in the industry.
Funding 2017 fun facts
– more investors were listed undisclosed as previous (check out the Funding Overview 2016 for other comparisons)
– Q1 and Q4 were the most successful investment wise, Q2 and Q3 were pretty quiet. Startups, you might want to take this into consideration!
Top 10 investments 2017
The top 10 investments in 2017, where number 1 isn’t such a surprise despite the amount, but number 2 is. It was absolutely one of the highest investments made in e-commerce/delivery startups. One of the biggest investments made in software, Messagebirds’ series A investment of €60.000.000 was one of the surprising amounts this year.
1. Picnic €100,000,000
2. Messagebird € 60,000,000
3. Xeltis € 45,000,000
4. Bloomon € 21,400,000
5. GitLab € 20,000,000
6. Ohpen € 15,000,000
7. EclecticIQ € 14,000,000
8. Tiqets € 14,000,000
9.SnappCar € 10,000,000
10. SolarNow € 9,000,000
Startups with a social impact
Noteworthy is the fact that there’s not one specific sector raising more money then others, like last year medtech was one of the biggest money raisers. The top 3 consists of commercial scale-ups, SaaS like Tiqets still is going strong while further in the list we see startups with an impact raising more money, such as health, biotech, energy and mobility. The sharing economy is still in progress, if we’re looking at SnappCar for example. Fintech is still on the move, with Bux and InvoiceFinance in the lead and we can predict this will be one of the emerging markets for 2018.
“”””
| nr | Name | amount(eur) | Source | Investment type | origin |
|---|---|---|---|---|---|
| 1 | Picnic | 100,000,000 | StartupJuncture | series B | NL |
| 2 | Messagebird | 60,000,000 | StartupJuncture | series A | international |
| 3 | Xeltis | 45,000,000 | press release | series C | international |
| 4 | Bloomon | 21,400,000 | StartupJuncture | series B | NL |
| 5 | GitLab | 20,000,000 | StartupJuncture | series C | INT |
| 6 | Ohpen | 15,000,000 | StartupJuncture | series B | unknown |
| 7 | EclecticIQ | 14,000,000 | StartupJuncture | series B | NL |
| 8 | Tiqets | 14,000,000 | StartupJuncture | series B | NL |
| 9 | Snappcar | 10,000,000 | StartupJuncture | venture | international |
| 10 | SolarNow | 9,000,000 | StartupJuncture | series B | NL |
| 11 | Harver | 7,100,000 | StartupJuncture | series A | US |
| 12 | Solarus | 6,700,000 | StartupJuncture | series A | NL |
| 13 | Framer | 6,500,000 | finsmes | series A | international |
| 14 | Fairphone | 6,500,000 | StartupJuncture | venture | NL |
| 15 | Scenic Biotech | 6,500,000 | pressrelease | Seed | NL |
| 16 | InvoiceFinance | 6,000,000 | StartupJuncture | venture | NL |
| 17 | The Avocado Show | 5,000,000 | StartupJuncture | venture | international |
| 18 | Housing Anywhere | 5,000,000 | StartupJuncture | series A | NL |
| 19 | Quantib | 4,500,000 | StartupJuncture | venture | NL |
| 20 | VanMoof | 4,000,000 | StartupJuncture | venture | NL |
| 21 | Hotelchamp | 4,000,000 | StartupJuncture | seed | NL |
| 22 | Withlocals | 3,500,000 | StartupJuncture | series A | NL |
| 23 | ZIIVER | 3,000,000 | StartupJuncture | venture | NL |
| 24 | Lifesense Group | 3,000,000 | StartupJuncture | venture | international |
| 25 | The Ocean Cleanup | 2,710,000 | StartupJuncture | grant | US |
| 26 | Clear Flight Solutions | 2,600,000 | StartupJuncture | series B | international |
| 27 | stream.io | 2,500,000 | StartupJuncture | venture | US |
| 28 | Pluriomics | 2,500,000 | StartupJuncture | series B | BE |
| 29 | MiniBrew | 2,450,000 | StartupJuncture | seed | international |
| 30 | Land Life Company | 2,400,000 | StartupJuncture | series A | NL |
| 31 | Aidence | 2,250,000 | StartupJuncture | seed | NL |
| 32 | TRVL | 2,200,000 | StartupJuncture | seed | unknown |
| 33 | Health Value Creation | 2,000,000 | StartupJuncture | series A | NL |
| 34 | Ecochain | 2,000,000 | press release | series A | NL |
| 35 | iWelcome | 2,000,000 | StartupJuncture | series C | international |
| 36 | Oxynade | 1,800,000 | StartupJuncture | venture | NL |
| 37 | Eye on Air | 1,800,000 | StartupJuncture | venture | NL |
| 38 | Pastbook | 1,600,000 | StartupJuncture | seed | NL |
| 39 | Public House of Art | 1,500,000 | StartupJuncture | venture | international |
| 40 | Triggi | 1,100,000 | StartupJuncture | series A | NL |
| 41 | Synple | 1,100,000 | StartupJuncture | venture | NL |
| 42 | Sjoprz | 1,100,000 | StartupJuncture | venture | NL |
| 43 | BUX | 1,060,000 | StartupJuncture | series C | NL |
| 44 | Join | 1,000,000 | StartupJuncture | series A | NL |
| 45 | SuperBuddy | 1,000,000 | StartupJuncture | series B | NL |
| 46 | United Wardrobe | 1,000,000 | StartupJuncture | venture | NL |
| 47 | Travis the Translator | 1,000,000 | sprout | crowdfunding | international |
| 48 | Bolt Mobility | 1,000,000 | StartupJuncture | crowdfunding | NL/UK |
| 49 | Sound Energy | 1,000,000 | StartupJuncture | venture | NL |
| 50 | Blendle | 1,000,000 | StartupJuncture | series A | US |
| 51 | iCasting | 1,000,000 | StartupJuncture | seed | NL |
| 52 | NutriLeads | 1,000,000 | press release | series A | NL |
| 53 | Parcompare | 1,000,000 | StartupJuncture | venture | NL |
| 54 | Press Page | 1,000,000 | StartupJuncture | venture | NL |
| 55 | Polarsteps | 900,000 | StartupJuncture | seed | NL |
| 56 | Lipocaut | 900,000 | StartupJuncture | seed | NL |
| 57 | Felyx | 850,000 | StartupJuncture | seed | NL |
| 58 | Bundles | 600,000 | StartupJuncture | series A | NL |
| 59 | Hyperloop/Hardt | 600,000 | StartupJuncture | seed | NL |
| 60 | Semiotic Labs | 600,000 | StartupJuncture | seed | NL |
| 61 | DashTag | 550,000 | StartupJuncture | seed | international |
| 62 | AxonIQ | 500,000 | press release | seed | NL |
| 63 | Amsterdam Scientific Instruments | 500,000 | StartupJuncture | seed | international |
| 64 | Green Basilik | 500,000 | StartupJuncture | seed | international |
| 65 | Amber Mobility | 500,000 | StartupJuncture | series A | NL |
| 66 | SendCloud | 500,000 | StartupJuncture | series A | NL |
| 67 | ScanMovers | 500,000 | StartupJuncture | seed | NL |
| 68 | Bittiq | 500,000 | StartupJuncture | seed | NL |
| 69 | Healthy Workers | 500,000 | StartupJuncture | seed | NL |
| 70 | VarmX | 500,000 | StartupJuncture | seed | NL |
| 71 | Mypo | 500,000 | StartupJuncture | seed | international |
| 72 | GAIKU | 500,000 | StartupJuncture | seed | NL |
| 73 | Indica | 500,000 | StartupJuncture | seed | NL |
| 74 | MOCS | 500,000 | StartupJuncture | seed | NL |
| 75 | 4suites | 400,000 | StartupJuncture | seed | unknown |
| 76 | We4sea | 400,000 | StartupJuncture | seed | NL |
| 77 | PR.co | 400,000 | StartupJuncture | seed | NL, UK |
| 78 | TicTag | 300,000 | StartupJuncture | seed | NL |
| 79 | Amylon | 300,000 | StartupJuncture | seed | NL |
| 80 | Hercules Pharmaceuticals | 300,000 | StartupJuncture | seed | NL |
| 81 | Fibriant | 300,000 | StartupJuncture | seed | NL |
| 82 | Bohemian Birds | 250,000 | StartupJuncture | angel/crowdfunding | unknown |
| 83 | Usono | 176,000 | StartupJuncture | seed | NL |
| 84 | Scyfer | 000,000 | StartupJuncture | acquisition | US |
| 85 | resnap | 000,000 | StartupJuncture | acquisition | NL |
| 86 | Wercker | 000,000 | StartupJuncture | acquisition | US |
Sources and assumptions
Our overview is based on the investments we’ve listed or were reported to us. Big thanks to The Ministerie of Economische Zaken, Thomas Mensink from Golden Egg Check and StartupDelta for sharing their data with us.
In some cases we had to make an estimate of the amount of funding, since not all companies disclose the funding amount. We have used the following assumptions: Unknown seed is estimated as €500.000. Unknown VC money estimated as €1m
We have listed three acquisitions in the list, since we know that people (including startup founders) considers these newsworthy events. However they do not count as investments, since there typically is no inflow of cash into the company, only a change of ownership.
You’re not in the list but think you deserve a spot? Please, drop us a line at team@startupjuncture.com
Photocredits: Pexels/Pixabay