Amsterdam, renowned for its picturesque canals and historic charm, has increasingly become a hotbed for cutting-edge technology and forward-thinking businesses.
The city’s startup scene is characterised by diversity and a collaborative spirit, drawing in talent from across the globe.
In the vibrant and thriving landscape of Amsterdam’s startup ecosystem, November has proven to be a month of noteworthy milestones and accomplishments.
As the city continues to solidify its position as a hub for innovation and entrepreneurship, a select group of startups has emerged, not only securing substantial funding but also actively expanding their teams.
Let’s take a look at the Amsterdam-based startup that raised funding in November.
Spectral
Founder/s: Philip Gladek and Tom Westra
Funding: NA
Hiring Status: Yes| Apply here
Spectral’s mission is to use clean energy solutions and state-of-the-art IT infrastructure to accelerate the transition towards a 100 per cent renewable energy system.
The Amsterdam company offers SaaS propositions in two distinct software platforms. STELLAR integrates and optimises renewable energy assets while BRIGHTER optimises energy usage in real estate.
Earlier this month, the company secured an investment from ABN AMRO’s Sustainable Impact Fund (SIF), however, the exact amount was not disclosed.
Fero
Founder/s: Craig Savage and Maximilian van Boxel
Funding raised: €2.84M
Hiring Status: Yes| Apply here
Amsterdam-based FERO Payment Science aims to enable bespoke checkout and payment journeys for customers.
The startup claims to use advanced data analysis and predictive technology to enhance these experiences and assist merchants in recovering lost revenue.
Earlier this month, the company raised €2.84M in a seed round of funding from Coatue, Volta Ventures, and Antler.
VUS Diagnostics
Founder/s: Arne Nedergaard Kousholt, Zhenya Ivakine, Thomas Thestrup, Philip Schouten and Simon Grund Sørensen
Fund raised: €300K
Hiring status: No
VUS Diagnostics is a biotech company specialising in personalised diagnostics for oncology and genetic diseases.
The Amsterdam-based platform addresses the uncertainty surrounding gene mutations and their impact on disease by extensively testing these variants.
As a result, it enables tailored cancer treatments, matching patients with the most effective drugs.
The company’s focus also includes identifying variants where the function is unclear, guiding the development and selection of promising new therapies.
In November, VUS Diagnostics raised €300K in a convertible loan from Innovation Fund North Holland (INH).
Eddytec
Founder/s: Dr. Alina Chanaewa, Dr. Rudolf Sprik, and Dr. Christiaan Schoemaker
Funding raised: €300K
Hiring status: No
Eddytec develops hardware and software solutions to make maintenance and quality control of carbon fibre composite parts in aircraft faster, easier, and more affordable.
The Amsterdam company’s solution makes it possible to detect defects and damage (such as cracks and delamination) in aircraft parts made of carbon fibre composites.
In November, the company raised €300K convertible loan from Innovatiefonds Noord-Holland.
BASH
Founder/s: Joris Oudejans, Elise Mol, Max Mijnheer, Joost Carpay and Shane Koppers
Funding: €750K
Hiring status: Yes| Apply here
BASH is a party discovery startup that helps connect with others and keep track of everything via its app.
The platform aims to enhance real-life experiences, providing a platform for discovering a variety of events and coordinating plans with friends.
The revenue model focuses on event organisers converting BASH’s reach into targeted ticket sales. The BASH app covers nearly all events in Amsterdam, featuring a ‘hype score’ for a quick view of popular events.
In November, the Amsterdam company raised €750K in a fresh round of funding.
VectorY Therapeutics
Founder/s: Sander van Deventer
Fund raised: €129M
Hiring status: Yes| Apply here
Based out of Amsterdam, VectorY aims to provide patients with neurodegenerative diseases a longer, better life by creating transformative vectorized antibody treatments.
The company’s platform combines the promise of precise therapeutic antibodies with one-time AAV-based delivery to the CNS.
A few weeks back, the company raised €129M in a Series A round of funding co-led by EQT Life Sciences and the Forbion Growth Opportunities Fund.
Crisp
Founder/s: Michiel Roodenburg, Tom Peeters, and Eric Klaassen
Fund raised: €35M
Hiring status: Yes| Apply here
Crisp is the supermarket app that delivers groceries to the doorstep throughout all of The Netherlands and Belgium. A software and operations system has been designed exclusively for local and seasonal products, ensuring the shortest possible distance from farm to fork.
The company has raised €35M in funding from various investors include Adriaan Mol (Mollie, Messagebird), John Caspers (Adyen), Sanne Manders (Flexport), Thomas Plantenga (Vinted), as well as seasoned retail executives like Sander van der Laan (Ahold, Action, Douglas) and family offices such as Bookmakers Investments, Timeless Investments, and Strikwerda Investments.
Layco Medical Devices
Founder/s: Dieuwertje Drexhage and Thom Weustink
Funding: €300K
Hiring status: No
Amsterdam’s LAYCO provides high-quality medical equipment at affordable prices. The company develops reusable medical devices to enhance healthcare accessibility and minimise the environmental footprint of the healthcare sector.
A few days back, the Amsterdam-based firm raised €300K from the North Holland Innovation Fund (INH).
INTRINSIQ
Founder/s: Wijnand Bekker and Christiaan Bekker.
Funding: €350K
Hiring status: No
INTRINSIQ is developing a cloud platform that allows private market players to easily centralise, standardise and analyse data.
Using AI, data input and analysis are automated and companies can be fairly compared against thousands of KPIs.
By bringing data together in one central platform, the platform can also unlock valuable insights at an aggregate level, such as for specific industries, countries, or market segments.
Last week, the company raised €350K in funding from Innovatiefonds Noord-Holland.
D-Drops World
CEO: Shair Amiri
Fund raised: NA
Hiring status: No
D-Drops is a gaming company that lets players explore their city and discover treasure chests filled with real-world rewards.
D-Drops can steer foot traffic to local businesses that subscribe to their service. Future earnings fund more treasures, ensuring continued player engagement.
Additionally, the platform offers multinationals and big brands custom treasure hunts, interactive activations at events, festivals, expos, and token-gated hunts for communities.
A few days back, the company raised investment from ROM Utrecht Region. The investment was made from the HUL-PoC fund and underlines the ROM’s objective to actively support the entertainment gaming industry in the Utrecht region with financing options.
StablR
Founder/s: Gijs op de Weegh
Fund raised: €3.3M
Hiring status: No
StablR is a stablecoin startup that specialises in euro-pegged digital currency — Euro stablecoin. It is operated under the guidance of European Union regulators in the Republic of Malta and maintains complete financial segregation from the issuer. Earlier this month, the company secured €3.3M in a seed round of funding from Deribit, Maven 11, Theta Capital, Folkvang, and Blocktech.
for Valor
Founder/s: Michael Jacobs
Fund raised: €300K
Hiring status: No
for Valor is an online fashion platform that aims to connect Italian makers with Dutch consumers sustainably. The company claims to be the first of its kind in the world that plans to offer an artisanal men’s wardrobe in a responsible and eco-friendly manner. The company raised €300K from three angel investors, according to Duurzaam-Beleggen.nl. The platform is expected to officially launch in January 2024.
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