Amsterdam startup funding news, August 2022
Stay up to date with Amsterdam’s startup scene with our funding roundup for August 2022.
DreamFuel Games raises €3.5m
Gaming studio DreamFuel Games has raised €3.5m to further develop its play-to-earn (P2E) game Infinity Skies. P2E games give users a reward, usually in cryptocurrency, when they take part in blockchain gaming projects. Users of Infinity Skies build a castle in the sky using NFTs as the building blocks. All structural components, furniture, decorations, etc, are tradeable NFTs. The funds were raised from investors including Skyvision Capital, Jump Capital, and OKx Blockdream Venture.
goEgonetwork secures €8m for EV charging ecosystem
goEgonetwork has secured €8m in Series A equity funding to develop its electric vehicle (EV) charging infrastructure. The India-based startup, launched in 2019, also has offices in Amstelveen. A pioneer in India’s EV charging ecosystem, goEgoNetwork will use the funds to develop and install its Fast DC Charging Station product line with a short-term target of 8,500 charging stations across India.
€6.8m in seed funding for Amsterdam-based Vosbor platform
Online agricultural commodities trading platform Vosbor, has secured €6.8m in seed funding. The Amsterdam-based company, founded in 2019, aims to make the agricultural commodities market cheaper and more accessible by bringing trading online. Thirty-five companies are piloting Vospor’s platform which enables buyers and sellers to trade corn, wheat, soybean, palm oil, and 14 other agricultural commodities. The funding round was led by Lux Capital, an American VC firm that invests in emerging science and technology ventures.
Woon Duurzaam raises €2.2 for energy transition
Amsterdam-based platform Woon Duurzaam has raised €2.2 m in its recent funding round. The startup aims to speed up the energy transition by working with homeowners to make their homes more sustainable. The funds were raised from new investors including the crowdfunding platform Oneplanetcrowd and ROM InWest and existing investors EIT InnoEnergy and DOEN Participaties. Woon Duurzaam plans to use the capital to automate its processes and expand its activities to meet the growing demand for gas-free and energy-neutral homes.
€12.5m for new generation nuclear power developer Thorizon
Nuclear power solutions developer Thorizon has raised €12.5m in a funding round led by Positron Ventures and attracting investors from both the public and private sectors. Amsterdam-based Thorizon is developing a new generation of nuclear power plants which, they claim, can contribute to a safe and CO2-free energy supply. The ‘Thorium molten salt reactor’ developed by the company uses existing long-life nuclear waste together with the metal Thorium as fuel.
Trezy settles in Amsterdam with €1m investment
SaaS company Trezy has secured €1m from angel investors and opened its European headquarters in Amsterdam. The Dutch-French tech company offers real-time automated financial tools that enable SMEs, startups, and scale-ups to forecast their cash flow and maintain oversight of their financial performance. Trezy is live in 32 European countries with a focus on the Netherlands, France, and Belgium. The company is planning another funding round later this year.
Youvia expanding with acquisition of Varias’ clients
Online marketing agency Youvia is expanding its activities by taking over the more than 950 website clients of Varias.io. Varias offers software product development and consultancy services to scale-ups. The Amsterdam-based Youvia was acquired by FCR Media earlier this year who want to expand their operations in the Dutch market. Youvia offers online marketing services to SME’s including online presence, findability, reach, and reputation.
Location data specialists Matrixian Group raise €2m
Amsterdam-based Matrixian Group has bagged a €2m investment from Pride Capital Partners. The data and technology company analyses and interprets large quantities of location data and builds predictive models to make organisations ‘location intelligent’. The insights gained from the combination of location data and technology have diverse uses including data-driven property valuations, to feasibility studies and customer localisation. Matrixian Group will use the funds to scale up its growth.
Successful seed funding round for Kumasi Drinks
Sustainable soft drinks makers Kumasi Drinks have secured an undisclosed amount in seed funding. The Amsterdam-based company aims to reduce food waste and help prevent poverty by purchasing cocoa fruit juice directly from farmers in Ghana. The pulp and juice by-products from the cocoa production process are usually discarded but Kumasi uses them to produce its drinks. The Amsterdam-based company’s products went to market in January 2021 and are now sold in more than 1,000 outlets throughout the Netherlands, Germany, France, Italy, and Spain.