\The Netherlands' startups and scaleups to watch in 2021

\The Netherlands' startups and scaleups to watch in 2021

In the first half of 2021, €3.8bn in venture capital funding was raised by startups in The Netherlands, which has a thriving tech ecosystem.

So far this year, startups in The Netherlands have raised a record €3.8bn from VC funds, more than thee €1.7bn in all of 2020.

But which are the country's most exciting startups and scaleups? Which are the ones to watch in 2021?

Our team of experts at Sifted have chosen a list of more than 100 exciting companies we think you need to know about, with an added 'Sifted take' to provide an extra layer of insight on the most interesting.

It's a mixture of the big and the small, the well known and the under the radar. But all are making waves. Keep reading below and stay informed about Europe’s new economy!

(P.S The data is from European Startups with valuation estimates from Dealroom. If there is anyone missing from this list, or anything is wrong, please let us know by email at [email protected]).

Key

Year founded

Amount raised

Last funding round

Valuation

Employees

Salvia Bioelectronics's logo

Salvia Bioelectronics

Salvia is a young innovative start-up company active in the emerging field of “BioElectronics"

health / manufacturing

salvianeuro.com

Eindhoven, Netherlands

2017

€25m

DEBT

€84-126m

10-50

Bynder's logo

Bynder

Bynder is award-winning marketing software that allows brands to easily create, find and use content, such as documents, graphics and videos

enterprise software / adtech

bynder.com

Amsterdam, Netherlands

2013

€20m

SERIES A

€81-120m

100-500

Sifted Take

The martech has offices across nine timezones, and yet 2018 was its last year of record growth. In terms of 2020, Covid-19 hit the company as it did across the industry, but it did bounce back to pre-pandemic levels in July. Will it see a significant surge in 2021?

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Solynta's logo

Solynta

Solynta contributes to feeding the world's growing and often malnutritioned population.

food / innovative food

solynta.com

Wageningen, Netherlands

2007

€19m

GRANT

€64-96m

50-100

Floryn's logo

Floryn

Asset based lending for SMEs

fintech / mortgages & lending;financial management solutions

floryn.com

Hertogenbosch, Netherlands

2015

€18m

EARLY VC

€36-54m

50-100

Sifted Take

The fintech, which lends up to €2m in loans to SMEs, raised €9m in May 2020 in a round led by Endeit Capital. It intends to use the funds to product development with a majority going to domestic and international expansion. But as Floryn's team says, to get ahead in the saturated Dutch market, they'll need to stand out in terms of compliance and customer due diligence. That's its focus now.

Fairphone's logo

Fairphone

Manufacturing an ethically designed, built and distributed smartphone

telecom /

fairphone.com

Amsterdam, Netherlands

2013

€18m

DEBT

€26-39m

50-100

Sifted Take

Founded in 2013, Fairphone anticipated the increasing backlash against phone companies who reportedly use planned obsolescence to increase purchases. Their phones don't use what are called 'conflict minerals', like gold and tungsten; they claim to ensure fair labour conditions; and the phones are made to be easy to repair and long-lasting. With the launch of their fourth version, the Fairphone 3+, they're hoping uptake increases.

Cobase's logo

Cobase

A single point of access to all bank accounts and other financial products and services from many banks and financial service providers

fintech / banking

cobase.com

Amsterdam, Netherlands

2017

€18m

SERIES A

€40-60m

10-50

Sifted Take

After participating in an ING accelerator program, Cobase was incorporated into the company in 2017. The company allows customers to use its singular platform for multiple bank accounts, as well as their ERP system. In June 2020 it raised €10m in a Series A round that included Nordea and Crédit Agricole CIB — which it intends to use in the expansion of their bank network. And in December 2020 it formed a partnership with fintech Ebury (backed by Santander) which specialises in cross-border services and risk management.

Connecterra's logo

Connecterra

Builds an Artificial Intelligence that will grow food sustainably to feed future generations

agritech / food

connecterra.io

Amsterdam, Netherlands

2014

€18m

SERIES B

€31-47m

10-50

Sifted Take

The agtech has just gained a new chief exec in Min Zhu, formerly exec at WeTransfer — who joins after a €7.8m raise in its Series B round of July 2020 led by Pymwymic and ADM Capital. Its main product is called an intelligent dairy assistant, which helps farmers detect their cattle's health issues and fertility.

Finom's logo

Finom

Digital business accounts

fintech / banking

finom.co

Amsterdam, Netherlands

2019

€17m

SERIES A

€44-65m

50-100

Sifted Take

The fintech, founded by previous founders of Russian bank Modulbank, had a pretty good 2020. After raising €6.5m in a seed round led by Target Global in May 2020, it raised another €10.3m in September — remember, this is all before its Series A has even happened. Targeted at SMEs, freelancers and the self-employed, the startup launched in France and Germany in October. And in many areas of Europe, including Poland, Spain, Austria and Switzerland, the SME market is still all to play for.

Castor EDC's logo

Castor EDC

A cloud-based clinical data platform that simplifies the clinical trial process

enterprise software / biotech

finder.techleap.nl/intro

Amsterdam, Netherlands

2011

€17m

SERIES A

€44-65m

100-500

Sifted Take

Castor's USP is its electronic data capture system which helps medical researchers integrate data from any source on one platform. Anticipating the global impacts of Covid-19, it made the platform free for all non-profit research — so now over 200 projects across 33 countries use their system to facilitate the rapid deployment of trials to test vaccines and treatments. Its latest Series A round raised €10m from firms including Two Sigma Ventures, which will help the company focus on making trials more patient-centred and better address the needs of underserved communities.

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Aidence's logo

Aidence

AI diagnosis software

enterprise software / health

aidence.com

Amsterdam, Netherlands

2015

€14m

GRANT

€40-60m

10-50

Sifted Take

The medical AI startup was granted a CE mark for its lung nodule management software, Veye Chest, under the EU Medical Device Regulation in November 2020. The software analyses thousands of scans a week to track the growth of pulmonary nodules in the prevention of lung cancer — so the CE mark means the device is clinical grade. In February 2019, Aidence landed €10m in a funding round led by INKEF Capital and Rabo Ventures, and at the time its systems were installed in more than 10 hospitals in the Netherlands, UK and across Scandinavia.

Zivver's logo

Zivver

Secure communications

enterprise software / device security & antivirus

zivver.com

Amsterdam, Netherlands

2015

€25m

SERIES A

€44-€65 M

100-500

Sifted Take

In an age where data is everything — especially in a crisis — scaleup Zivver helps companies and organisations safeguard particularly sensitive data and prevent data leaks. It claims to be the only vendor to protect information before, during and after sending emails.

In October 2020, Zivver raised $17m in an early-stage round led by DN Capital and including SmartFin. At the time, the company announced plans to use the fresh funds to accelerate its expansion into the UK and expand its platform. It recently added safe video calling to its product offering.

Its intentions are clear and tangible. While it serves the entire Dutch judicial system and 40% of local hospitals, last year it was also awarded a place on the UK Government’s G-Cloud 12 Framework for its cloud software services.

Reynen Court's logo

Reynen Court

Service automation for the legal industry

legal / self-service and lawyer marketplace

reynencourt.com

Amsterdam, Netherlands

2018

€13m

EARLY VC

€16-25m

10-50

Meatable's logo

Meatable

Developing the next generation of clean meat grown from animal cells using the latest advances in stem cell research

food / manufacturing

meatable.com

Delft, Netherlands

2018

€57m

SERIES A

€36-55m

10-50

HousingAnywhere's logo

HousingAnywhere

Platform for young professionals, students & property managers involved in mid- to longterm rentals"

real estate / software

housinganywhere.com

Rotterdam, Netherlands

2009

€36m

SERIES A

€24-36m

100-500

Sifted Take

HousingAnywhere has raised 24m — and its goal is to become Europe's largest rental platform for young people.

Medal's logo

Medal

An application that allows users to capture, upload, and share gaming videos

social media / gaming

medal.tv

Naarden, Netherlands

2015

€11m

SERIES B

€32-49m

10-50

Siilo's logo

Siilo

The free secure messaging app for medical team players

health / telecom

siilo.com

Amsterdam, Netherlands

2016

€16m

SERIES A

€38-57m

50-100

Sifted Take

2020 wasn’t a great year, we’ll admit, but it’s what Siilo is prepared for. Its a collaborative platform designed for doctors and medical professionals to communicate, where previously ‘silos’ in the healthcare industry didn’t really have a mechanism to do so. In July 2020, it raised $10.5m in a Series A round led by VC Heal Capital, money it plans to use to expand within its five existing markets: the Netherlands, Belgium, Germany, the UK and Ireland. According to internal figures, 250k professionals use it every month, exchanging more than 20m messages.

Their key problem is convincing middle management to adopt the software. Read more: ‘Slack for doctors’ app Siilo raises $10.5m

Dealroom's logo

Dealroom

Data-driven intelligence on high-growth companies

saas / enterprise software

dealroom.co

Amsterdam, Netherlands

2013

€4m

SERIES A

€10m

50-100

Sifted Take

To go meta — you can check out Dealroom's finder for startups in the Netherlands developed with Techleap.nl.

felyx's logo

felyx

Shared electric scooters

transportation / mobility

felyx.com

Amsterdam, Netherlands

2016

€27m

SERIES A

€96-144m

100-500

Sifted Take

Founded in 2016, the escooter company raised a significant €24m in a Series A round in February 2021 — bringing its total funding to €27.4m. The round was led by De Hoge Dennen Capital and angel investor Anne-Marie Rakhorst, who previously invested €1m back in January 2018.

The company now has licence to operate in all of its cities, so Felyx is available for use in the Netherlands, Belgium and Germany. Düsseldorf, Hamburg, Brussels, Den Haag, Rotterdam, Groningen and Amsterdam — where it was awarded the coveted licence in June 2020.

The Next Closet's logo

The Next Closet

A marketplace and community platform for designer fashion

ecommerce / fashion

thenextcloset.com

Amsterdam, Netherlands

2013

€3m

EARLY VC

€4-6m

10-50

Dashmote's logo

Dashmote

Turning images into valuable data through AI to help you get insights on a massive scale

enterprise software / marketing

dashmote.com

Rotterdam, Netherlands

2014

€3m

EARLY VC

€10-15m

50-100

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