StartupAmsterdam looks back at another successful year of funding with almost 700 million euros raised in the Amsterdam Metropolitan Area. While this number dwarfs 2018’s 450 million euros, it’s interesting to note that the bulk of 2019’s windfall is accounted for by the top three funding receivers – Picnic, Tiqets and WeTransfer – who together attracted almost 350 million euros. Nonetheless: congratulations all round!
Picnic – €250 million
The biggest investment round of the year came from the Amsterdam-based online supermarket Picnic. In October, the company announced that it had raised €250 million to create an automated distribution centre. The amount is the biggest ever to be raised by an Amsterdam startup, beating FinTech unicorn Adyen’s 2014 record of €227 million. It also breaks Picnic’s own record from March 2017, when the company closed a €100 million funding round.
Tiqets – $60 million
In October, Amsterdam-based startup Tiqets announced it had raised a $60 million Series C round led by Airbnb. Tiqets is a platform for booking tickets to museums and other cultural attractions, and the funding will go to developing better tools for the company’s partners and accelerating global growth. The company currently employs more than 200 people worldwide.
WeTransfer – €35 million
The Dutch file-sharing platform WeTransfer received a €35 million Series B investment. This was announced in August. The round was led by European growth equity firm HPE Growth, with substantial participation from existing investors Highland Europe. Founded in 2009, the Amsterdam-based company has 50 million users in 195 countries.
Dott – €30 million
In July, Amsterdam-based smart-mobility startup Dott announced it had raised a €30 million Series A funding round, which would be used to fund the production and market launch of its new e-bikes and e-scooters. The investment was co-led by existing investors EQT Ventures and the South African multinational Naspers, with participation from Axel Springer Digital Ventures and others.
Mollie – €25 million
Also in July, we learned that the Amsterdam-based FinTech startup Mollie had raised €25 million in its first-ever funding round. The money came from a group of tech and payments entrepreneurs. Mollie’s online payment service aims to simplify banking – from overdraft fees to payment processing – for small- to medium-sized enterprises (SMEs) by simplifying complex financial technology. According to the company, the investment is being used for growth and expansion of Mollie’s team and operations and for scaling the research and development teams working on next-generation financial solutions.