Benelux startups and scaleups to watch in 2022

Small but mighty: startups to watch across Belgium, the Netherlands and Luxembourg

The small but mighty Benelux region (comprising Belgium, the Netherlands and Luxembourg) has recently emerged as one Europe’s most strategic startup ecosystems.

Its sectoral diversity, tech-driven institutions and network of international talent have led to the birth of more than 15k startups over the past decade, with both the Netherlands and Belgium above average when it comes to the most startups per 1m population.

Amongst ever evolving developments, we’ve listed 100 startups to watch across the three countries — a mix of new faces, established scaleups and under-the-radar innovators spanning all major tech sectors. Find out who joins the likes of Dott, Otrium, Lightyear and Mosa Meat.

Note: all featured companies were launched in 2015 or later and have raised at least once in the past two years.

Key

Year founded

Amount raised

Last funding round

Valuation

Employees

Lightyear's logo

Lightyear

Energy, Transportation /

lightyear.one

Helmond, Netherlands

2016

138.3m

Late VC

501-1000

Leyden Labs's logo

Leyden Labs

Amsterdam, Netherlands

2020

167.3m

Series B

51-200

Dott's logo

Dott

Transportation /

ridedott.com

Amsterdam, Netherlands

2018

159.1m

Series B

201-500

Otrium's logo

Otrium

Fashion /

otrium.com

Amsterdam, Netherlands

2015

135m

Series C

201-500

AgomAb Therapeutics's logo

AgomAb Therapeutics

Health /

agomab.com

Ghent, Belgium

2017

125.1m

Series B

11-50

Cowboy's logo

Cowboy

Transportation /

cowboy.com

Brussels, Belgium

2017

115.7m

Late VC

51-200

Moove Africa's logo

Moove Africa

Fintech, Transportation /

moove.africa

Amsterdam, Netherlands

2019

75.6m

Debt

201-500

Mosa Meat's logo

Mosa Meat

Maastricht, Netherlands

2016

91.8m

Angel

51-200

NorthSea Therapeutics's logo

NorthSea Therapeutics

Amsterdam, Netherlands

2017

133.7m

Series C

2-10

UFODRIVE's logo

UFODRIVE

Travel, Transportation /

ufodrive.com

Mamer, Luxembourg

2018

23.4m

Series A

11-50

TestGorilla's logo

TestGorilla

Jobs Recruitment /

testgorilla.com

Amsterdam, Netherlands

2019

73.8m

Series A

51-200

GO Sharing's logo

GO Sharing

Transportation /

go-sharing.nl

Nieuwegein, Netherlands

2019

60m

Growth Equity VC

51-200

Meatable's logo

Meatable

Delft, Netherlands

2018

57.1m

Series A

51-200

Midiagnostics's logo

Midiagnostics

Leuven, Belgium

2015

53.7m

Debt

51-200

Medal's logo

Medal

Gaming, Media /

medal.tv

Naarden, Netherlands

2015

52.2m

Series C

51-200

Neogene Therapeutics's logo

Neogene Therapeutics

Health /

neogene.com

Amsterdam, Netherlands

2018

100m

Series A

51-200

Aerospacelab's logo

Aerospacelab

Telecom, Space /

aerospacelab.be

Mont-Saint-Guibert, Belgium

2018

51m

Series B

51-200

IN3's logo

IN3

Fintech /

payin3.eu

Eindhoven, Netherlands

2018

50.6m

Series B

11-50

Nearfield Instruments's logo

Nearfield Instruments

Semiconductors /

nearfieldinstruments.com

Rotterdam, Netherlands

2016

50.5m

Series B

51-200

Greener Power Solutions's logo

Greener Power Solutions

Energy /

greener.nl

Amsterdam, Netherlands

2017

47.5m

Late VC

11-50

Logos provided by Clearbit