The Netherlands, home to a vibrant startup and scale-up ecosystem, witnessed a massive cash flow in 2021. Dutch startups and scale-ups raised €4.5B in venture capital in the first three quarters of 2021. Interestingly, more than a third of the startups that raised funding in H1 2021 are from Amsterdam.
According to Techleap.nl, Amsterdam has been rising fast in terms of the overall value of its startup ecosystem over the last decade. Startups founded since 2000 in the city have a combined value of more than $86B (approx €73.5B), up from just $12B (approx €10.2B) in 2015, the third-largest total in Europe.
In 2021, numerous Amsterdam-based startups raised funding, fostered innovation, and created jobs. Based on data shared by Ebitwise, we have compiled a list of 16 Amsterdam-based startups that raised capital in 2021.
Based out of Amsterdam, Ebitwise offers a flexible financial service for scale-ups right from Cashflow management, financial reporting & dashboarding to funding and margin analysis.
Avantium Technologies
Founder/s: Claude Stoufs
Funding in 2021: €30M
Month of funding: December
Avantium is an Amsterdam-based technology company specialised in advanced high-throughput R&D for applications in the energy, chemicals, and pharmaceutical industries. The company’s proprietary technology enables a faster and more cost-effective development of new and improved products and production processes.
Detail Technologies
Founder/s: Paul Veugen
Funding in 2021: €6.2M
Month of funding: August
Detail Technologies is a virtual camera that enables users to use their iPhones as an HD webcam for live-streaming video calls or recording. The platform supports various streaming software, including Zoom, Google Meet, Whereby, and others.
Growth Tribe
Founder/s: Peter van Sabben, David Arnoux, and Quentin Lacointa
Funding in 2021: €3.15M
Month of funding: August
Amsterdam-based startup Growth Tribe offers specialised training in multiple digital domains. The training area includes growth marketing, data science, UX design, data analytics, machine learning, and artificial intelligence.
They aim to bridge the gap in digital skills and are committed to offering hands-on and practical training to professionals and students at a faster time.
Reynen Court
Founder/s: Andrew Klein
Funding in 2021: €2.66M
Month of funding: December
Reynen Court enables law firms and corporate legal departments to speed the adoption of AI, Smart Contracts, and other new technologies.
The Amsterdam company enables firms to run cloud-based applications either on-premises or within virtual private clouds under their control — thus giving access to modern software solutions without requiring a sacrifice of security or stability.
ConnectBike
Founder/s: Andrew Klein
Funding in 2021: €2.66M
Month of funding: September
ConnectBike is a collaboration between social venture E-bike2work and Giant, the bicycle manufacturer. ConnectBike aims to make a contribution towards improving air quality and sustainable mobility in and around cities. The Amsterdam company offers an E-Bike, which according to the company is suitable for takeaway and parcel delivery companies and organisations that opt for shared bicycles.
Urbee
Founder/s: Taco Anema, Fleur Schraven, Dominik Juli
Funding in 2021: €2.1M
Month of funding: September
The Amsterdam-based e-bike platform offers electric and environmentally friendly bikes. Urbee aims to contribute to a more livable city, make happier and healthier citizens, and reduce travel costs at the same time.
Charly Cares
Founder/s: Charly van der Straten, Xander Koenen
Funding in 2021: €679,000
Month of funding: December
Charly Cares is a babysitting app meant for busy families. The startup helps families find reliable and personally screened babysitters.
Matrixian Group
Founder/s: Luke Lipline
Funding in 2021: €525,000
Month of funding: September
The Amsterdam-based company helps organisations through data and technology to create value for individuals, companies, and society. Matrixian Group interprets open data and converts it into valuable insights. At present, the company works for organisations of all sizes from PostNL to the local pharmacy.
WSK Medical
Founder/s: Marius Wellenstein
Funding in 2021: €525,000
Month of funding: July
The company develops AI-supported diagnostic solutions called Zeno Pathology to assist clinicians and doctors in the early detection of cancerous tumours and digital pathology. As per the company’s claims, it cuts down manual counting time and increases speed, consistency and accuracy to analyse H&E and IHC whole slide images.
BAQME
Founder/s: Souren Arakelian and Sven Velthuis
Funding in 2021: €400,000
Month of funding: October
Amsterdam-based mobility startup BAQME offers shared e-box bikes to travel in the city. These bikes can help reduce traffic jams in the cities as well as save people from spending on expensive parking spots. And comparatively, electric box bikes are a fast, affordable, and sustainable alternative to car trips.
Ellogon AI
Founder/s: Efstratios Gavves, and Evangelos Kanoulas
Funding in 2021: €297,000
Month of funding: August
Ellogon.AI develops automated biomarkers from pathology biopsies and genomic data for personalised immunotherapy using data, cutting-edge algorithms, and a research team.
The platform generates diagnostic and prognostic reports on histopathological and genomic data that are necessary for medical researchers and professionals to assess response to treatment.
Skinive
Founder/s: Artyom Trofimuk, Kirill Atstarov
Funding in 2021: €297,000
Month of funding: December
Skinive is a deep learning company that offers AI and CV-based skin screening technology using smartphone cameras. The company is on a mission to make skin screening and skin health monitoring accessible to everyone.
Asthmaware
Founder/s: Heleen Willemsen
Funding in 2021: €300,000
Month of funding: August
Asthmaware develops a monitoring system that consists of a smart-textile shirt and a mobile application. The system uses high-end sEMG technology to evaluate breathing activity during sleep. As it monitors children while sleeping, it is effortless and allows continuous assessment of symptoms over multiple hours.
The startup helps children to recognise the early symptoms and intervene in time. As asthma is the most common chronic disease in childhood, Asthmaware can improve the lives of thousands of children worldwide.
Aithena
Founder/s: NA
Funding in 2021: €177,000
Month of funding: August
Aithena is a software solution dedicated to helping sales teams find ideal customers. The company has designed the software around account-based marketing and can generate new interesting prospects based on the current portfolio of customers.
Paak
Founder/s: Brian Tsang, and Pedro Perez Orlando
Funding in 2021: €105,700
Month of funding: July
Paak.io is a new monetisation tool providing content creators with tools, best practices, and analytical insights. The company aims to empower content creators to monetise their content and make it easy.
Peazy
Founder/s: Mahul Bhattacharya, Sakyabrata Dutta
Funding in 2021: €102,000
Month of funding: December
Peazy works with cities to make parking more transparent and to make smarter decisions regarding their parking policy. Using data from parking meters, scanning cars, and parking passes, they make predictions and simulate the impact of policy changes.
Farm21
Founder/s: Bas Alderding, Joey Houtenbos, Koen ter Velde, and Thomas Houwers
Funding in 2021: 1.2M
Month of funding: November
Farm21 is a farming platform that gives accurate farming decisions through sensors that automatically suggests to improve crop yield. The company’s platform analyses sensor data and external data sources to warn, advice and help farmers make the right decisions on time.