The Netherlands has become a breeding ground for exciting and promising tech startups. The startups in the land of Dutch have the potential to bring about a disruption in the world of technology for good.
The Dutch cities including Amsterdam, Utrecht, Rotterdam, and Eindhoven are flourishing startup ecosystems in the country. These cities have the right setup for aspiring entrepreneurs and ramp up efforts that can boost innovation.
Without further ado, here we list some fast-growing Eindhoven tech startups that deserve your attention in 2019 as sourced from Dealroom.
Xeltis
Founders: Martijn Cox
Valuation: €180 million – €270 million
Total Funding: €79.4 million
Founded Year: 2006
Why its hot: Xeltis is a clinical-stage medical device startup, which leverages breakthrough science to transform heart valve therapy. The company’s technology enables the natural restoration of the heart valve. It is revolutionising the treatment of heart valve disease with the restorative heart valves that enable the patients’ body naturally form a new valve with the Endogenous Tissue Restoration (ETR) approach.
GTX Medical
CEO: Sjaak Deckers
Valuation: €104 million – €156 million
Total Funding: €26.9 million
Founded Year: 2014
Why its hot: GTX Medical is developing an Implantable Neuro-stimulation System (INS) with real-time motion feedback. The company uses training tools to rehabilitate patients with neurological disorders including spinal cord injury.
SMART Photonics
Founders: Richard Visser
Total Funding: €20.5 million
Founded Year: 2012
Why its hot: SMART Photonics offers a versatile production and development portfolio. It provides easy access via Multi-Project Wafer, which enables low-cost and fast prototyping for photonic integrated circuits. The company offers engineering of the process to create customer product with customer specifications. It also provides product development services for volume production of customer products.
Withlocals
Founders: Marijn Maas, Willem Maas
Valuation: €32 million – €48 million
Total Funding: €14.8 million
Founded Year: 2013
Why its hot: Dutch travel marketplace Withlocals lets travellers enjoy cities like a local resident. The platform connects hundreds of thousands of travellers with verified local hosts every month. It operates across Europe and Asia and provides personalised private tours and activities such as food, music, etc. depending on their passion.
Ioniqa
Founders: Carlos Guerrero, Tonnis Hooghoudt
Valuation: €84 million – €120 million
Total Funding: €14.3 million
Founded Year: 2009
Why its hot: Ioniqa has a patented technology, which uses magnetic colloidal systems with nanoparticles to break down PET into a reusable monomer. The ability to remove pigmentation is the distinct feature of Ioniqa’s technology. It opens up the range of available PET feedstock, which can be economically recycled.
Onera
Founders: Pieter Ermers, Ruben de Francisco, Soukaina Adnane
Valuation: $37 million – $56 million
Total Funding: €8.5 million
Founded Year: 2017
Why its hot: Onera is a spin-off of IMEC. It is a leading research center for digital technology and nanoelectronics in the world. Onera’s mission is to advance sleep medicine by developing breakthrough diagnostic solutions and services. The company aims to help millions suffering from sleep-related disorders and improve their quality of life. Notably, Onera has R&D centres in the Netherlands.
Intrinsic-ID
Founders: Pim Tuyls
Valuation: €20 million – €30 million
Total Funding: €7.2 million
Founded Year: 2008
Why its hot: Intrinsic-ID is a leading digital authentication company for IoT and embedded applications in the world. It leverages manufacturing variations in semiconductors, letting them create unique IDs and keys to authenticate data, devices, chips, and systems. Intrinsic ID’s authentication technology is ideally positioned to address the needs of the fast-growing IoT market.
SendCloud
Founders: Bas Smeulders, Rob van den Heuvel, Sabi Tolou
Valuation: €20 million – €30 million
Total Funding: €7.1 million
Founded Year: 2012
Why its hot: SendCloud connects webshops and shipping carriers to save money and time. The platform is easy to implement and takes as little as five minutes of the webshops time. With the integration of the module, webshops can connect with numerous shipping carriers. Webshop owners can save 30% of the time spent on the shipping process on an average. The partners of SendCloud include DHL, PostNL and Bpost.
Bambi Medical
Founders: Avinash Kale, Fabio Bambang Oetomo, Sidarto Bambang Oetomo
Valuation: €16 million – €24 million
Total Funding: €6.9 million
Founded Year: 2015
Why its hot: Dutch medtech company Bambi Medical operates with the objective to reduce pain and stress in preterm infants and enhance the parent-child bonding. Bambi Medical designs, develops and manufactures products for NICUs (Neonatal Intensive Care Units) in hospitals to realise its objective.
Stay tuned to Silicon Canals for more updates in the tech startup world.
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