Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
No Result
View All Result
Silicon Canals
No Result
View All Result

This article is produced in collaboration with our partner StartupAmsterdam

Amsterdam-based Rodeo raises €7.5M from Dutch new-style investment firm No Such Ventures for global expansion

Shubham Sharma by Shubham Sharma
November 19, 2020
in Amsterdam, News, Promoted content, Software & SaaS, Startups
0
Rodeo team main
120
SHARES
LinkedInTwitterWhatsAppFacebook

The creative industry and people working within the sector have their priorities straight. They spend most of their time on the creative processes, with project management left on the back burner. 

Amsterdam-based Rodeo helps the creative souls with their project management woes. It is project management software vendor company that offers a scalable and off-the-shelf fully automated project management software for the creative industry The company has now raised a notable €7.5M investment from No Such Ventures, a Dutch new-style investment firm. 

Accelerating development and global expansion plans

Rodeo was commercially launched in 2016 by Pieter Vos. This latest €7.5M funding for the startup will help with its expansion plans. Additionally, it will enable accelerating new developments and is touted to create new job opportunities for the company’s American and European operations. The fresh funding round was led by No Such Ventures, which is now a new shareholder in the company. 

Founded in 2018, No Such Ventures is a new style investment firm, headquartered in Amsterdam. According to the firm, it typically invests between €2M and €8M in growth companies.

“It’s incredible to see what Pieter and his team have built. Not only is Rodeo growing quickly in multiple countries, it also holds making an actual profit in high regard,” says Reinder Lubbers, partner, No Such Ventures. 

Solving the creative industry’s problem

Vos is also the founder of Kop of Munt, which is an accounting firm geared at delivering services for the creative industry. In an exclusive conversation with SC, Vos says, “ I discovered that creative companies often struggle with project management, as their main focus and passion lies with the creative process. That realisation inspired me to set out and try to create the perfect software to help these companies with their project management. The resulting software at Rodeo should be a joy to work with and look at.“

When Vos founded the company, the biggest challenge was to insource IT and build a product without too much upfront cost. Now, Rodeo operates in four countries with its headquarter in Amsterdam and an office in New York. Vos notes that their target audience ‘greatly appreciate’ the platform and their feedback has been valuable in adding new features. The company is active in the Netherlands, Germany, the UK, and the US. 

Competition, future plans and more

Rodeo follows a pure SaaS subscription-based business model and currently, it has angel investors, Vos and No Such Ventures as investors in the company. 

According to Vos, the pandemic didn’t really impact Rodeo’s business. “Our software is embedded into our clients daily/operation workflow, and the product is relatively cheap for what it does: managing projects, which diminishes administrative burden and makes sure that invoices are sent out correctly and timely.”

Rodeo has a team of 22 people in Amsterdam and 8 members work out of its US office. The funding will help it expand its US sales rep team to 10 members and enable getting additional hires for the Amsterdam team in several departments. Speaking about expansion plans, Vos notes, “Right now, we’ve got strong positions in NL, UK and DE. We want to expand upon those positions, probably enter a couple of new European countries and most of all, expand in the US.”

With such a high level of competition in the market, Rodeo sets itself apart by offering a robust full suite of solutions. Competitors, on the other hand, seem to be trying to “reduce the number of apps and bring basic features into one app,” says Vos. With good funding now secured by the startup, Vos says future funding rounds are currently optional and not necessary. 

Image credits: Rodeo

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Future Hamburg Award 2021
Future Hamburg Award 2021
Call for startups with innovative solutions for the future cities from all over the globe.
Call for startups with innovative solutions for the future cities from all over the globe. Show Less
Read more
Tags: featurednews
Share8Tweet30SendShare48

Featured events

Current Month

april

No Events

Partner content | Work with us

Calling all European deep-tech scaleups: EIT Digital Challenge 2021 registration is now open

Amsterdam-based SaaS startup SwipeGuide raises €5M for international expansion; aims to double its staff in 2021

Innovation against climate change: what Blue Tulip Awards’ experts on Climate & Energy are looking for

Blue Tulip Awards’ experts of Finance & Prosperity: why COVID, regulations and digitisation boost innovation

Former Booking.com CEO Kees Koolen backs €5.2M funding round of Amsterdam’s cleantech startup Sympower

Silicon Canals Jobs


Breaking news from Amsterdam | Partner

Amsterdam’s IoT spacetech startup Hiber raises €26M to expand the world’s first global IoT satellite network

Amsterdam-based MessageBird acquires 24sessions to add video to its omnichannel offering; also acquires Hull

Techstars ties up with ABN AMRO to launch ‘Future of Finance Accelerator’; welcomes 10 startups to Amsterdam

Amsterdam-based fintech Recharge.com raises €10M in debt funding; appoints Azimo’s Michael Kent as new chairman

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info