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Within the fast-paced world of startups, Amsterdam continues to be a thriving hub of innovation and entrepreneurial spirit.
As we delve into the second quarter of 2023, it’s time to highlight the highest milestones achieved by the town’s dynamic startup ecosystem.
In keeping with the Quarterly Startup Report, Dutch startups raised roughly €525M in VC funding within the second quarter of 2023. This marks a rise in comparison with the primary quarter of the 12 months (€420M) and a lower in comparison with the second quarter of 2022 (€710M).
We are going to discover the startups that made waves in Amsterdam throughout this era.
Finst launches first-of-its-kind ‘Crypto Bundles’
Amsterdam-based Finst, a cryptocurrency alternate platform based by the ex-core workforce of European on-line inventory dealer DEGIRO, has launched a brand new product named ‘Crypto Bundles’.
Crypto Bundles will assist customers purchase many cryptocurrencies directly in a ‘basket’, very like typical shares. Bundles resemble ETFs, which have gained reputation amongst extraordinary traders.
Nevertheless, traders in Crypto Bundles will be capable to personal cryptocurrencies immediately, not like ETFs.
STX Group raises €150M credit score facility
Amsterdam-based STX Group, a world environmental commodity dealer and local weather options supplier, raised an progressive credit score facility of as much as €150M from environmental commodities.
The credit score facility, which was oversubscribed, is anticipated to gas the corporate’s fast enlargement.
STX Group provides a spread of progressive options to assist companies and organisations transition to a sustainable future.
Bundleboon acquired by Little Cigogne
Amsterdam-based Bundleboon, a web based curated buying service that filed for chapter in February, has been acquired by Paris-based Little Cigogne, an organization that’s already a longtime participant within the private buying {industry}.
Based in 2013 by Mathieu Waltzer, Little Cigogne is the European chief in curated kids’s vogue. The French platform revolutionises the buying expertise with distinctive and personalised appears, making a shock occasion for the entire household.
Aegon Asset Administration backs Factris with €50M
Amsterdam-based Factris, a fintech firm that gives fast, low-cost working capital to European SMEs, secured €50M in funding from Aegon Asset Administration.
Weaviate.io secures €45.6M
Amsterdam-based Weaviate, raised $50M (roughly €45.65M) in a Sequence B spherical of funding.
Based in 2019 by Bob van Luijt, Micha Verhagen, and Etienne Dilocker, Weaviate (beforehand SeMI Applied sciences) is an open-source vector database.
It’s a low-latency vector database that helps many media codecs (textual content, graphics, and so forth.). It contains options like Semantic Search, Query-Reply Extraction, Classification, and Customisable Fashions (PyTorch/TensorFlow/Keras).
Convent Capital commits €100M to its AgriFood Development Fund
Convent Capital, an Amsterdam-based funding agency, introduced the second closing of its AgriFood Development Fund, which reached €100M.
Convent Capital, based in 2011, is an unbiased asset supervisor with two funds targeted on progress and buyout alternatives in Europe.
Fourthline raises €50M to battle monetary crime utilizing AI
Amsterdam’s Fourthline, a startup that gives AI-powered compliant KYC and AML options, raised €50M from Finch Capital and different traders.
Based by Krik Gunning and Chris van Straeten in 2018, Fourthline helps banks and fintechs confirm hundreds of recent clients.
The corporate supplies a whole suite of proprietary tech merchandise that adhere to native KYC, AML, and GDPR necessities in Europe and past.
bunq to launch within the US
Amsterdam-based bunq introduced in April that it has utilized for a US banking licence after serving European customers for nearly a decade.
Niknam says bunq was the primary firm in 35 years to amass a European banking licence.
It was additionally the primary financial institution to implement a sustainable improvement technique primarily based on a service-oriented enterprise mannequin, and as such, pioneered quite a few industry-first innovations that altered how tens of millions of individuals spend, save, and make investments their cash.
Seenons raises €10M to deliver circularity to waste administration in Europe
Amsterdam-based Seenons raised €10M in a current funding spherical.
Based by Joost Kamermans, Jorn Eiting van Liempt, and Martin Kayser in 2019, Seenons has constructed a round waste administration platform. That is to make sure that residual waste doesn’t find yourself in a landfill or the ocean, or is burned.
Dayrize raises €4M to assist assess environmental & social results of client items
Amsterdam-based Dayrize secured £3.5M (roughly €4.02M) in funding led by Gresham Home Ventures’ Thomas Makey and Matt Jones.
Based in 2020 by Austin Simms and Bart Nollen, Dayrize brings product life cycle evaluation transparency to the buyer market. This enables corporations to substantiate sustainability claims and reduce bills, create new revenue, and improve model worth.
The corporate’s software program platform and methodology mix quite a lot of information sources to provide a single, complete product-level sustainability rating.
Amsterdam’s Tradesnest unveils AI/ML system
Tradesnest, an Amsterdam-based B2B tech startup launched its AI/ML (Synthetic Intelligence / Machine Studying) system to revolutionise the buyer electronics {industry}.
With this new system, manufacturers can establish probably the most appropriate distribution companions in numerous areas. This reduces the time and prices concerned find the correct companion.
The AI/machine studying system makes use of a complete set of knowledge factors to analyse market traits, client behaviour, and competitor actions on a world scale. This supplies manufacturers with the insights they should make knowledgeable choices.
Amsterdam’s Quinky goals to be the “Duolingo for intercourse”
Amsterdam-based Quinky is a brand new startup that goals to make intercourse schooling enjoyable and accessible to everybody by the app.
Quinky, which goals to be “the Duolingo” for intercourse for Gen Z over 18 years previous, turns into the primary European intercourse tech startup to safe funding from Antler. It raised €100k in its first spherical in February 2023.
ASIF Ventures invests in Linear Logic and VaVersa
ASIF Ventures, a student-centric enterprise capital fund backed by the UvA invested in Linear Logic, an information platform for constructing and deploying AI programs.
The coed-centric VC additionally invested an undisclosed quantity in VaVersa, which produces indoor gardens known as MIA, enabling cooks to develop over 80 totally different microgreens and herbs on-site, offering hyperlocal and ultra-fresh elements for his or her dishes.
Techleap.nl’s funds diminished in half
The Dutch authorities, by the Ministry of Financial Affairs and Local weather (EZK), has determined to allocate much less funding to Techleap.nl with the subsidy dropping to €15M for the following three years, practically half of its earlier funds of €35M for the preliminary four-year interval.
Techleap.nl, a non-profit organisation, launched the Pledge marketing campaign. This initiative goals to ask people with related experience, funding capabilities, and priceless connections to actively take part in shaping the way forward for Techleap and the Dutch tech panorama.
ThreatFabric will get €11.5M to battle complexity of on-line fraud
ThreatFabric, an Amsterdam-based cyber fraud startup raised €11.5M in a Seed spherical of funding co-led by ABN AMRO Ventures, Motive Ventures, with participation from 10xFounders and 14Peaks capital.
Based by Han Sahin and Yorick Koster, the corporate targeted on extending its Fraud Danger Suite product, co-developed with ABN AMRO Financial institution, to create ThreatFabric.
ThreatFabric supplies a software-as-a-service (SaaS) answer to the monetary companies sector, enabling banks and monetary establishments to achieve complete fraud visibility throughout net and cell channels.
Lepaya acquires Dutch coaching supplier Krauthammer
Lepaya, a smooth ability scale-up, has acquired Krauthammer, a Dutch-based firm that gives coaching classes for people and firms.
By buying Krauthammer, Lepaya says it has solidified its place because the main upskilling and transformation agency catering to the wants of company entities and offering management coaching to their senior administration.
Adyen launches Payout Providers
Amsterdam-based fintech unicorn Adyen launched Payout Providers, which permits Adyen’s clients to pay out acquired funds in the popular methodology of their affiliated customers or companions with elevated velocity.
By eliminating pointless delays and third events from the funds’ motion course of, Adyen can unencumber tens of millions in day by day money stream for patrons. This may allow larger operational effectivity and speed up companies’ pursuit of their targets.
Adyen additionally introduced that it has partnered with Shopify to strengthen ecommerce capabilities, simplify the shopper journey and clear up cost complexity for enterprise retailers.
Dragon’s Den star Pieter Schoen invests €1M in Mama’s Meals
Dragon Pieter Schoen, the proprietor of Shoe Investments invested €1M in Mama’s Meals, marking the biggest funding ever made within the well-liked tv programme, Dragon’s Den.
Mama’s Meals, a brainchild of Serdar Tolenaar, Rick Hageman, and Henk Brussaard, provides freshly ready meals, salads, and poké bowls.
Cargoroo secures €1.1M in crowdfunding
Cargoroo, a shared electrical cargo bikes supplier, has secured €1.1M in a crowdfunding marketing campaign on the Oneplanetcrowd platform from 543 funders.
Cargoroo says it can use the funds to develop and develop to new German and Belgian cities.
Based by Jaron Borensztajn, Erik de Winter, and Jelle Maije, Cargoroo provides e-cargo sharing bikes which can be secure, inexpensive, environmentally pleasant, and handy.
We Are Eves luggage €2.5M
We Are Eves, a platform for unbiased user-generated magnificence product opinions, raised €2.5M in an funding spherical led by new investor Airbridge Fairness Companions.
Based in 2019 by Esther Leloux, We Are Eves claims to be the primary magnificence platform that enables actual folks to assessment magnificence merchandise that work or don’t work for them.
By way of its platform, the corporate goals to assist girls globally discover the correct magnificence merchandise primarily based on trustworthy opinions.
Supply.ag reaps a further €3.7M
Supply.ag, an agtech startup that claims to speed up entry to contemporary fruit and greens with AI-powered greenhouses, secured a further $4M (roughly €3.73M) in its Sequence A extension spherical of funding.
The corporate goals to develop expertise to democratise entry to enough fruit and greens by AI-powered greenhouses.
Insify will get €10M to simplify insurance coverage for European SMEs
Insify, a contemporary insurtech for SMEs raised a further €10M in a Sequence A extension spherical of funding.
Based by former Bloomon and Rocket Web government Koen Thijssen in 2020, Insify goals to remodel enterprise insurance coverage by making it easier, sooner, and extra inexpensive for entrepreneurs and SMEs.
The platform permits SMEs to obtain a enterprise insurance coverage quote in minutes reasonably than weeks or months.
Smiler luggage €7.9M; launches new pictures market
Smiler, a startup that connects photographers with guests at well-liked vacationer places and hotspots, has secured a further $8.5M.
Based in 2021 by Kasper Middelkoop, Martine Rooth and Rob Hulleman, Smiler believes that priceless reminiscences should be captured in high-quality.
It’s an on-the-spot pictures market for freelance, skilled, and fanatic photographers. The platform permits photographers to supply spontaneous on-the-spot photoshoots at memorable places and venues.
Fastned secures €24M
Fastned, a supplier of a fast-charging community for electrical autos, has secured €21.9M in funding with the difficulty of recent bonds.
Based in 2012 by Michiel Langezaal and Bart Lubbers, Fastned goals to speed up the transition to electrical mobility by giving freedom to electrical drivers. The corporate develops a fast-charging infrastructure for electrical autos throughout Europe.
Hiber restarts operations
IoT Spacetech startup Hiber introduced its restart following its acquisition by FC House, a subsidiary of Finch Capital.
The acquisition has led to Hiber’s renewed give attention to Hiber Hilo, which supplies IoT distant sensor merchandise and software program for the vitality {industry}.
Amsterdam’s Fairphone CEO Eva Gouwens to step down
Fairphone’s CEO, Eva Gouwens introduced her choice to step down from her submit on LinkedIn.
In the course of the transition interval, the administration workforce comprising Noud Tillemans, Monique Lempers, Xavier Blanvillain, and Corné le Clercq will oversee Fairphone’s operations.
They may even choose and appoint Gouwens’ successor. The corporate’s Supervisory Board and new shareholders have already initiated the CEO search course of.
NLC publicizes preliminary shut of €100M Well being Impression Fund
Amsterdam-based NLC, a European healthtech VC, accomplished the preliminary shut of the NLC Well being Impression Fund towards a €100M goal.
NLC says it can deploy the capital to 40 enterprises of various maturity ranges, offering each preliminary and follow-on finance.
The NLC Well being Impression Fund supplies traders with entry to a various portfolio of enterprises in biotech, medtech, inexperienced well being, and digital well being.
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