Image credits: BAQME
The Netherlands, home to a vibrant ecosystem of startups and scale-ups, experienced massive cash flow in 2021. Dutch startups and scale-ups have raised € 4.5 billion in venture capital over the course of of the first three quarters of 2021. Interestingly, more than a third of the startups that raised funds in H1 2021 are from Amsterdam.
According to Techleap.nl, Amsterdam has grown rapidly in terms of the overall value of its startup ecosystem over the past decade. Startups founded since 2000 in the city have a combined value of over $ 86 billion (around 73.5 billion euros), compared to just $ 12 billion (around 10.2 billion euros) in 2015, the third total in Europe.
Get to know the incredible finalists here
In 2021, many Amsterdam-based startups raised funds, encouraged innovation and created jobs. Based on data shared by Ebitwise, we’ve compiled a list of 16 Amsterdam-based startups that raised capital in 2021.
Based in Amsterdam, Ebitwise offers a flexible financial service for scale-ups, from cash flow management, financial reports and dashboards to financing and margin analysis.
Avantium Technologies
Founder (s): Claude Stoufs
Funding in 2021: € 30m
Funding month: December
Avantium is an Amsterdam-based technology company specializing in advanced high-throughput R&D for applications in the energy, chemicals and pharmaceutical industries. The company’s proprietary technology enables faster and more cost-effective development of new and improved products and production processes.
Retail technologies
Founder (s): Paul Veugen
Funding in 2021: € 6.2m
Funding month: August
Detail Technologies is a virtual camera that allows users to use their iPhone as an HD webcam for video calls or live 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: € 3.15 million
Funding month: August
The Amsterdam-based startup Growth Tribe offers specialized training in several digital fields. The area of training includes Growth Marketing, Data Science, UX Design, Data Analytics, Machine Learning, and Artificial Intelligence.
They aim to bridge the digital skills gap and are committed to delivering hands-on training to professionals and students more quickly.
Reynen Court
Founder (s): Andrew Klein
Funding in 2021: € 2.66m
Funding month: December
Reynen Court empowers law firms and corporate legal departments to accelerate the adoption of AI, smart contracts and other new technologies.
The Amsterdam-based company enables businesses to run cloud-based applications on-premises or in virtual private clouds under their control, providing access to modern software solutions without sacrificing security or stability.
ConnectBike
Founder (s): Andrew Klein
Funding in 2021: € 2.66m
Funding month: September
ConnectBike is a collaboration between the social enterprise E-bike2work and Giant, the bicycle manufacturer. ConnectBike aims to help improve air quality and sustainable mobility in and around cities. The Amsterdam-based company offers an E-Bike which the company says is suitable for take-out and parcel delivery businesses and organizations that opt for shared bikes.
Urbee
Founder (s): Taco Anema, Fleur Schraven, Dominik Juli
Funding in 2021: € 2.1 million
Funding month: September
The Amsterdam-based e-bike platform offers electric and eco-friendly bikes. Urbee aims to contribute to a more livable city, to make citizens happier and healthier and to reduce travel costs at the same time.
Charly cares
Founder (s): Charly van der Straten, Xander Koenen
Funding in 2021: € 679,000
Funding month: December
Charly Cares is a babysitting app for busy families. The startup helps families find reliable and personally selected babysitters.
Matrixian Group
Founder (s): Luke Lipline
Funding in 2021: € 525,000
Funding month: September
The Amsterdam-based company helps organizations through data and technology create value for individuals, businesses and society. Matrixian Group interprets open data and converts it into valuable information. Currently, the company works for organizations of all sizes, from PostNL to the local pharmacy.
WSK Medical
Founder (s): Marius Wellenstein
Funding in 2021: € 525,000
Funding month: July
The company is developing AI-based diagnostic solutions called Zeno Pathology to help clinicians and physicians in the early detection of cancerous tumors and digital pathology. According to the company’s claims, it reduces manual counting time and increases the speed, consistency and accuracy for analyzing whole H&E and IHC slide images.
BAQME
Founder (s): Souren Arakelian and Sven Velthuis
Funding in 2021: € 400,000
Funding month: October
Amsterdam-based mobility startup BAQME offers shared e-box bikes for traveling around the city. These bikes can help reduce traffic jams in cities and save people the expense of expensive parking spaces. And comparatively, electric box bikes are a fast, affordable and sustainable alternative to car journeys.
Ellogon IA
Founder (s): Efstratios Gavves and Evangelos Kanoulas
Funding in 2021: € 297,000
Funding month: August
Ellogon.AI is developing automated biomarkers from pathological biopsies and genomic data for personalized immunotherapy using data, state-of-the-art algorithms and a research team.
The platform generates diagnostic and prognostic reports on histopathological and genomic data needed by researchers and medical professionals to assess response to treatment.
Skin
Founder (s): Artyom Trofimuk, Kirill Atstarov
Funding in 2021: € 297,000
Funding month: December
Skinive is a deep learning company that offers AI and CV-based skin screening technology using smartphone cameras. The company’s mission is to make skin screening and skin health monitoring accessible to everyone.
Asthmaware
Founder (s): NA
Funding in 2021: € 300,000
Funding month: August
Asthmaware is developing a monitoring system that consists of a smart textile shirt and a mobile application. The system uses high-end sEMG technology to assess respiratory activity during sleep. As it monitors children while they sleep, it is effortless and allows continuous symptom assessment over several hours.
The startup helps children recognize the first symptoms and intervene in time. With asthma being the most common chronic disease in children, Asthmaware can improve the lives of thousands of children around the world.
Aithena
Founder (s): NA
Funding in 2021: € 177,000
Funding month: August
Aithena is a software solution dedicated to helping sales teams find the ideal customers. The company has designed the software around account-based marketing and can generate exciting new prospects based on the current portfolio of clients.
Paak
Founder (s): Brian Tsang and Pedro Perez Orlando
Funding in 2021: € 105,700
Funding month: July
Paak.io is a new monetization tool providing content creators with tools, best practices and analytical insights. The company aims to enable content creators to monetize their content and make it easy.
Peazy
Founder (s): Mahul Bhattacharya, Sakyabrata Dutta
Funding in 2021: € 102,000
Funding month: December
Peazy is working with cities to make parking more transparent and make smarter decisions about their parking policies. Using data from parking meters, scanning cars and parking cards, they make predictions and simulate the impact of policy changes.
How his partnership with Salesforce helped him succeed!
