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How to get startup funding in Amsterdam | StartupAmsterdam | I amsterdam (3)How to get startup funding in Amsterdam | StartupAmsterdam | I amsterdam (4)

Image from StartupAmsterdam

Updated 17 July 2023 at 13:09

Your startup already has a golden solution to a real-world problem. Here’s how to find investment – from seed funding to venture capital – to take your business to the next level.

It doesn’t matter if you’re a FinTech, MedTech or SaaS startup or scale-up, you need money in the bank to develop your innovative product. And that’s where an investor can come in to save the day and perhaps help you grow from lean startup to the next unicorn. This guide gives you a comprehensive overview of all the avenues to pursue in your search for seed capital in Amsterdam. Luckily, it’s a well-connected ecosystem and there are plenty of networks and platforms to join that might just lead to the cash injection that changes everything.

Platforms to be part of if you're raising

  • Our Amsterdam Startup Map is a great tool to get a grasp on the investors active in Amsterdam – and how to get your company on the radar. Companies are categorised as startup or scale-up, and by industry, business model, size or growth. The map gives you access to information about investors, the team, focus, portfolio, who they co-invest with and more. Upload your pitch deck and get discovered by investors easily.
  • FundsUp offers a vetted community of founders, angels, investors, syndicates and partners. We connect founders, resources and capital online and offline.
  • Startup Fountain - free investor introductions for European startups.

Read up on venture capital resources

Startups in Amsterdam can access a wide variety of resources for finding potential investors. Here are a few organisations that invest in startups, along with tools and tips that will help you gather information about possible funding options as you start your journey to financing.

  • At a provincial level,Programma Investeringsgereed Innovatief MKB (PIM)helps startups and scale-ups from mission-driven sectors including energy transition & sustainability, agriculture, water & food, health & care or safety, with advice and insights about financing options. PIM also connects entrepreneurs to its robust network of financiers and potential partners.
  • At thenational level, there are a variety of government-supported initiatives designed to help small and medium-sized enterprises (SMEs) find financing.
  • If you are a non-profit, there’s theEuropean Fundraising Associationfor the latest news.Looking to find smaller-scale investors? Consider joining the Dutch non-profit startup platformKinder.
  • If you are working for a startup and looking for funding, check out Techleap‘sFunding Allies. In this overview, you can find advisors, consultants and platforms that can help you attract a suitable investor.
  • Ready to Scaleis a unique growth program designed by ACE, The Startup Network, entrepreneurs, investors, and the Amsterdam Universities to boost your company’s growth. It is a hands-on program designed to the needs and reality of entrepreneurs that have the ambition to expand.
  • Entrepreneurs seeking to directly tackle societal challenges should visit our city partnersAmsterdam Impactfor insights and check out theiruseful overview of funding sourcesfor impact enterprises.
  • Also of interest to startups with impact at their heart,Invest NLhelpsentrepreneurs in the Netherlands to realise their sustainable missions through financing and business development support. Focus areas include carbon neutrality, circular economy and innovative healthcare.
  • Amsterdam-based DuurzaamInvesteren.nl is a crowdfunding platform for sustainable projects in the Netherlands. On platforms likeNLfundingandOperator Exchange, you can find complete overviews of NL-based investors.
  • Many accelerators and incubators also have their own networks of potential investors, providing all the support startups need to grow. Check out our list for inspiration and ideas.
  • If you’re interested in finding out how the financing process works in the Netherlands,Business.gov.nlhas a complication of government information for entrepreneurs, including general information on financing, subsidies, tax schemes and benefits, funding and loans.
  • InvestorMatchby DeBreed pairs investors with pre-vetted entrepreneurs through a financing platform that makes it easy to invest directly in innovative startups and SMEs.
  • The result of a collaboration between Rabobank and KplusV,Money Meets Ideasis an informal investing platform that offers investors the opportunity to connect with ambitious entrepreneurs who are looking for risk-bearing capital and expertise. Each year, around 20 events are organised, inviting startups and fast-growing innovative companies that are looking for between €100,000 and €1 million in funding to present themselves to approximately 15 to 20 wealthy private investors.

Try different approaches to startup funding

When it comes to financing, ‘angel investor’ and ‘venture capitalist’ tend to get top billing, but there are many alternatives to these options. Here we’ve outlined both the well- and lesser-known pathways that have led to Amsterdam’s most successful enterprises.See which options align best with your business, and don’t forget that every introduction could be a potential mentor or partner, even if you don’t achieve financing the first time.

  • Angel: Investing in a startup could be as simple as financing your sister’s or son’s brilliant new app. However, if you don’t have an infant prodigy you can still be an angel investor. Angel investors, also known as business angels, informal or seed investors, usually invest between €25,000 and €100,000 in a company. Angels typically give loans to a company, buy stock from a company and require a return on investment.
  • Venture capitalist (VC): A venture capital firm can invest millions into a company. In the Netherlands, we distinguish between seed capital funds, corporate venturing funds and regular venture capital funds. To find out more about the intricate world of venture capital, we recommend reading the book Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld and Jason Mendelson.
  • Grants and subsidies: If your startup focuses on innovation, research or sustainability, you may be eligible for government subsidies.RVO.nl, the national government agency that provides subsidies, has various opportunities for entrepreneurs. The government has also set aside €75 million for itsAmbitious Entrepreneurship Action Plandesigned to help startups access capital. To find out which forms of government funding are available to you, check out theStartup Box, an online tool that helps you to determine if there is Dutch government funding suitable for your startup.
  • Crowdfunding: Crowdfunding has rapidly become a serious source of funding for startups, with a wide array of useful platforms. The Chamber of Commerce lists a few crowdfunding platforms on their site. Meanwhile,GoGetFundingis a successful crowdfunding website that focuses on more personal causes and projects.
  • Bank loan or credit: Many big banks, includingABN-AMRO,ING BankandRabobank, offer loan packages for new businesses, but keep in mind that these banks tend to have a quota for each of the various types of startups they lend to each year, so it may take a bit of luck and a lot of sound preparation to secure a loan.Rabo Innovation Loan: Rabobank also offers loans between €25,000 and €150,00 under the terms that the first two years are interest-only, to finance startups that contribute to sustainability, digitisation or society.
  • Factoring: If you have trouble getting financing through a bank, invoice factoring may provide a flexible solution to cover your operational costs. Factoring processes your accounts receivables as sellable assets, so you receive immediate payment for them, instead of having to wait for your customers to settle their invoices. Companies like Amsterdam-basedFinqle,FlowFactoringandFactrisallow you to upload your invoices, which they pay out in cash within one business day, and since the invoice is now theirs, you don’t have to worry about credit management.

If you want to learn more about the basic types of investments and interesting alternatives to traditional forms of fundraising,read this article on PIM(in Dutch).

Amsterdam-based funding opportunities

When you’ve done your research and refined your pitch, these are the organisations that can fund your startup. Their diverse areas of expertise have something to offer early-stage startups needing seed funding or scale-ups in search of venture capital to go global.

  • ROM InWest - the regional development agency for the province of Noord-Holland - manages two funds to finance entrepreneurs: the SME Fund and the Transition Fund. The SME Fund focuses mainly on stimulating highly innovative propositions within SMEs. The Transition Fund supports entrepreneurs in the energy transition and transition to a circular economy.
  • PIMinvests in sustainable, innovative and healthy startups, strengthening the ecosystem by pairing new businesses with capital and answering their financing questions through tailor-made advice, insights about funding options, and a series of information-packed master classes.
  • A group of startup bankers,Amsterdam Venture Partnershelps founders raise Seed & Series A funding from Europe’s leading investors.
  • If you are a university spinoff, seeking to connect with the latest innovations coming out of academia, or interested in setting up a public-private partnership, check out theInnovation Exchange Amsterdam (IEX).
  • Bringing an AI-related healthcare innovation to market? Join the supportiveSmart Health Amsterdamnetwork.
  • Innovatiefund Noord Holland is a new fund that supports initiatives in the province of Noord-Holland, which means Amsterdam-based businesses are welcome to apply.
  • An action-packed monthly networking event that works like speed dating for startups,Startup Roulettepairs businesses with relevant investors (VCs and angels) giving each startup three 20-minute ‘dates’ with well-matched investors.
  • YBO Capital connect businesses with the capital they need to fuel their growth and connect investors with promising opportunities. Whether you are a business seeking capital or an investor looking for the next big venture, YBO Capital is here to guide you on your journey to success.
  • Finding funding opportunities by bike with Capital Tour XXL, an event that invites startups on a cycling tour to visit a selection of investors in different Dutch cities and discover the startup capital ecosystem in one day.
  • Arches Capital: This fast-growing group of business angels bridges the gap between VCs and angels by sourcing, selecting and investing like a VC, but engaging and mentoring like angels. Each month they release a list of ‘startups fundraising right now’ on theirLinkedIn page.
  • Leapfunder makes it easier for angel investors to find promising startups. They offer regulareventsincluding online workshops and sessions aimed at connecting startups and investors in an informal setting.
  • The Amsterdam Academic Angel fund invests in very early-stage startups founded by students or recent graduates from the Vrije Universiteit and the University of Amsterdam.
  • At Appl.ia, an initiative of applied research institution TNO, 50% financing is offered to any industrial use case related to AI.

Best of luck with accessing capital, and remember to check out our other helpful resources to help your business grow.

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How to get startup funding in Amsterdam | StartupAmsterdam | I amsterdam (2024)

FAQs

How hard is it to get funding for a startup? ›

A bank or lender typically makes their decisions based on 3 factors: your time in business, your revenue, and your personal or business credit score. Because a startup by definition doesn't have much time in business and doesn't have established business credit, your loan options are more limited.

How to start a startup in Amsterdam? ›

EU citizens can proceed to step 3.
  1. Step 1: Apply for a Dutch residence permit for foreign startups. ...
  2. Step 2: Open a business account and a personal bank account. ...
  3. Step 3: Find startup funding. ...
  4. Step 4: Find a startup facilitator. ...
  5. Step 5: Choose a business location. ...
  6. Step 6: Register with your local council.

Who are the competitors of StartupAmsterdam? ›

Alternatives and possible competitors to StartupAmsterdam may include Acorn Collective , Dubai Angel Investors , and Startup Estonia .

Is the Netherlands good for startups? ›

Amsterdam is already one of Europe's fastest-growing startup hubs, with the market cap of Netherlands-founded startups potentially reaching a total of €400 billion this decade. The port city has plenty to offer as a laboratory. It boasts the European Union's second-largest airport behind Paris.

How to fund a startup with no money? ›

7 Ways to Start a Business With No Money
  1. Pursue a Business Idea That Requires No Startup Capital. ...
  2. Look for Small Business Grants. ...
  3. Consider Small Business Loans. ...
  4. Use Crowdfunding For Your Business Venture. ...
  5. Use Angel Investors or Venture Capitalists. ...
  6. Borrow From Friends or Family. ...
  7. Pre-Sell Your Product to Fund Your Own Business.
Sep 26, 2023

How do I get initial startup funding? ›

10 Startup Financing Models to Fund Your Small Business
  1. Starting with personal financing and credit lines.
  2. Reaching out to friends and family.
  3. Applying for a business loan.
  4. Catching the attention of an angel investor.
  5. Pitching your startup to venture capitalists.
  6. Hosting a crowdfunding campaign.
  7. Joining a startup incubator.

What companies are like Nordam? ›

NORDAM competitors include Triumph, Spirit Aerosystems and AAR Corp.

Who are DCMN competitors? ›

Who are DCMN 's competitors? Alternatives and possible competitors to DCMN may include Dingus and Zazzy , Force24 , and Takumi .

Who are 55ip competitors? ›

Similar companies to 55ip
  • Ellevest. 127 $10M$50M.
  • Scenic Advisem*nt. 17 $10M.
  • blooom. ...
  • Quantifeed. 80 $10M$50M.
  • Wealthfront. 329 $50M$100M.
  • Personal Capital. 1.4K $50M$100M.
  • SigFig. 137 $50M$100M.
  • FutureAdvisor. 8 $10M$50M.

What is the most profitable industry in the Netherlands? ›

1. Agriculture Business. The Netherlands, a global leader in agricultural innovation and efficiency, welcomes fresh ideas. Explore niche markets like organic farming, vertical farming, or precision agriculture using advanced technology.

What is the best country to start a startup in? ›

9 Best Countries to Start a Business
  • New Zealand: An Excellent Choice for New Business. ...
  • Hong Kong: A Strategic Business Hub. ...
  • United States: A Land of Endless Opportunities. ...
  • Singapore: Perfect for Global Entrepreneurs. ...
  • Norway: Sustainable Business Growth. ...
  • Mexico: Home to Growing Business Opportunities.
Jan 17, 2024

Is Amsterdam a good place to start a business? ›

Businesses in Amsterdam benefit from being in an innovative environment for technology, finance, science, sustainability and more. An unrivalled quality of life, excellent connectivity and a passion for ethical and sustainable initiatives make Amsterdam a great choice for future-focused international companies.

What percent of startups get funding? ›

Only 0.05% of startups get VC funding

Many promising startups seek venture capital as a way to secure investment, but it's extremely competitive and rare. A mere 0.05% of startups get VC funding.

How do startups receive funding? ›

Startup funding can involve self-funding, investors and loans and may be sourced from banks, online lenders, people close to you or your own savings account.

What are the odds of getting VC funding? ›

Venture capital is absurdly hard to secure.

Stories of startups that raised VC funding seem to dominate financial headlines, but in reality only about five in 10,000 startup businesses receive venture funding — less than 0.05%, according to Fundera.

Why is it so hard to get a startup business loan? ›

Lenders place the heaviest weight on your cash flow, credit history and time in business. They'll use this information to approve or deny your loan and determine your interest rate. Don't get discouraged if your business doesn't meet all these standards.

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