Smyle close to hitting €1 million sharefunding target

Plastic-free toothpaste maker Smyle has already achieved 68% of their €1 million target on sharefunding platform Broccoli. The startup makes toothpaste free of single-use plastic packaging and microplastics, and is already available at common Dutch retailers. This round will fund attracting more talent, professionalised IT and marketing, towards the company’s aim to become the “Tony’s Chocolonely of toothpaste”.

Adriaan Mol invests €8 million into Formitable

It’s a serious boost for restaurant tech startup Formitable: high-profile entrepreneur Adriaan Mol has invested €8 million of growth funding. Best known as CEO and founder of Mollie, as well as having founded MessageBird, Mol is also coming on as strategic partner. With reservation, ticketing and loyalty solutions already used widely by restaurants in the Netherlands, Formitable is now set to continue digitalising the hospitality industry with continued product development and international expansion.

Quatt secures additional €2 million for hybrid heat pump rollout

Amid a growing energy crisis, Amsterdam-based startup Quatt are scaling up their efforts to provide sustainable and affordable alternatives to domestic heating. Their hybrid heat pumps use electricity instead of gas to heat homes, in turn offering an average 30­-50% reduction in heating costs for users. After a previous funding round in March, the startup have received a further €2 million from Impact Equity Fund and Siep van der Valk to increase rollout to 10,000 by the new year.

Tiny Library follows up €500,000 from Dragon’s Den with further €600,000

Offering another proposition for easing cost-of-living pressures, Tiny Library provides a subscription-based service for renting baby products in the Netherlands. Founder and CEO Julie Munneke won a pledge of €500,000 while competing on TV show Dragons’ Den a few months ago, and has now managed to raise an additional €600k from ifund and Shamrock Ventures. The funding will boost growth in marketing, logistics and technology, helping shift the baby products market from buy to rent.

€1.3 million in first seed investment for Docflow

Amsterdam’s Docflow are on a mission to streamline document management: helping companies to automate how they work with document writing, contract management and approval since 2019. Towards that aim, the startup has announced its first-ever seed funding round of €1.3 million, with a 1.5-year plan to focus on product development, marketing and research.

Further €3.2 million boosts online beauty platform Parfumado

Parfumado Group, a platform for perfume sampling, secure €3.2 million in a pre-Series A round of funding, taking their total investment to €4.5 million. The company, founded in 2017, provide a subscription service for monthly perfume samples, as well as a B2B service matching beauty samples to consumers. This funding round was led by Borski Fund and Rabobank, accelerating Parfumado’s growth into new European markets keen to embrace the digitalisation of perfume and beauty sales.

OMRT raise €5 million towards tech solutions for building design

In their Series A round of funding, Amsterdam’s OMRT have secured €5 million from SHIFT Invest and former backers VORM. The company already claim significant influence on real estate, thanks to their automation solutions streamlining the design and redesign of buildings. Their products aim to reduce waste of time, energy and space, and have apparently contributed to almost 30,000 housing units.

First-ever investment in DataSnipper

An undisclosed minority investment has been announced in Amsterdam software company DataSnipper, by Insight Partners. DataSnipper provides smart automation solutions for financial auditing that are used by thousands of clients across Europe and the US. The funding aims to accelerate these operations, attracting additional talent and further developing its platform.

Seed investment for subscriber retention platform Churned

Churned help e-commerce platforms and subscription-based companies reduce the number of cancellations and dropouts or ‘churns’ of customers. Founded in 2019 by Francisco Blasques, professor of Data Science at the Vrije Universiteit Amsterdam (VU), his former student Michiel Doornenbal and brother Maarten, Churned have now announced their seed funding: an undisclosed ‘six-to-seven-figure sum’ from Dutch investment company Goldfish.

ChainCraft secure €11 million to keep transforming food waste into biochemical products

One of five sustainable businesses to watch this year, ChainCraft uses advanced fermentation techniques to turn food waste into high-quality biochemical materials, for use in fertilisers, animal feed, flavours and more. After the company received REACT-EU funds for companies rebuilding greener after the pandemic, this fresh round of funding sees €11 million awarded by Convent Capital, besides previous backers Shift Invest, Horizon 3 and PDENH.

Third funding round grants €450,000 to bicycle leasers Hellorider

Hellorider, a bicycle leasing company, have raised €450,000 from private investors in a third round of funding – taking their total investment to €1m. These funds will be put towards further bicycles, which the company fund themselves. Predicting greater uptake of bicycle leasing as a transportation solution for a variety of clients, Hellorider aim to corner the market for entrepreneurs and small businesses.

€5.8 million raised in Series A funding for digital fitness platform Funxtion

Funxtion are global leaders in digitising the fitness industry. Since 2011, its platform has provided fitness brands, gyms, hotels, wellness apps and businesses with services to deliver virtual classes, digital exercises and workouts to customers. This funding from Lexar Partners and current shareholders will be put into innovation and international growth.

Amsterdam’s Lepaya acquires German communication skills startup vCOACH

Lepaya, a provider of ‘Power Skills’ training, has acquired the Munich-based startup vCOACH, a digital soft-skill development platform offering personal feedback and practice. The acquisition is part of a plan to accelerate Lepaya’s growth after securing €35.5 million in a funding round in December 2021.

Stay up to date

Be sure to bookmark the Amsterdam Startup Map so you can stay up to date with funding developments and everything else that’s happening in Amsterdam’s startup ecosystem.