Dealroom rakes in Series A

Amsterdam-based Dealroom, a data and software platform, has secured 2.75 million euros in Series A funding.

Amsterdam-based Dealroom, a data and software platform, has secured 2.75 million euros in Series A funding. Shoe Investments and Knight Venture Capital led the round.

PRESS RELEASE

Feb 12, 2020 – Amsterdam and London – Dealroom, today announced that it has raised €2.75M Euros in a Series A round co-led by Shoe Investments and Knight Venture Capital. The funding will support the company’s continued international expansion in Europe and beyond including making key hires in these markets.

Dealroom is an Amsterdam-based data and software platform that provides worldwide intelligence and research about startups, innovation and venture capital investment to governments, individuals, VCs and corporates.

“We spent the first six years honing our methodology, technology and relationships to establish Dealroom as the number one resource for data and research on European technology,” said Yoram Wijngaarde, founder and CEO of Dealroom. “Now that we are well established, we are thrilled to use this funding to make some key hires, expand our data capabilities, forge new partnerships and continue to build communities with local governments and other key players in the ecosystem.”

Founded in 2013, Dealroom has become the premier source for European tech industry data. It delivers insights to publish influential reports based on research and data about startups, investment, funding, M&A deals and socio-economic impact. As the only major database based out of and covering European startups, Dealroom works with a combination of technology, data science, government and manual data sources to build its expertise across different languages, local hubs and ecosystems, and the fast-developing venture capital landscape.

Government relationships
Dealroom provides governments, including over 15 European hubs, with fully managed white-labelled solutions to understand, access and communicate intelligence and data about their ecosystem. Currently, several large scale ecosystems including UK (Tech Nation), France (La French Tech), Berlin (Senate), Netherlands (TechLeap), Amsterdam (StartupAmsterdam) and over a dozen other hubs across Europe are working with Dealroom in this capacity.

Bas Beekmans, director at StartupAmsterdam, comments: “We work with Dealroom to better understand what’s happening in Amsterdam’s startup ecosystem and to benchmark our progress against other tech hubs in Europe. The research and data we glean is critical for us to attract and support new startups and talent and to be able to cater to specific trends, such as opportunities for AI. It also powers our Startup Ecosystem Platform.”

Methods and technology
Dealroom uses a combination of manual research and automated tools that incorporate AI, natural language processing, data science and APIs to identify and process relevant company information and insights in real-time. Working closely with hubs and government ecosystems as well as VCs and founders, Dealroom has created an invaluable network, technical expertise, and best-practices around data management and interfaces that work for users to provide true insights and value to the industry.

Momentum
Since its inception in 2013, Dealroom has become the go to free resource for European startup data for 30,000 registered and active users. The company’s software and data are also trusted by hundreds of paying customers including:

Top-tier venture capital firms like Sequoia, Insight Partners, LocalGlobe, Accel Partners, Balderton, Atomico, Point Nine, Lakestar, Idinvest and others use Dealroom to identify the world’s most promising companies

World-class corporates like Google, Stripe, EY, Deloitte, Amazon, McKinsey, BCG, BNP Paribas and others use Dealroom to stay at the forefront of innovation

Leading tech hubs like the UK, Berlin, France for intelligence about their ecosystem, showcasing it to the world and foster networking

“Following our initial investment in December 2017, we watched Dealroom execute on its plans with great precision and were keen to continue supporting the company in its next growth phase,” comments Diederik Ingen Housz, Managing Partner at Knight Venture Capital.

“We have been watching the value Dealroom brings to VCs and corporates looking for the world’s most promising companies, governments who need to make sense of the data about their ecosystem, and founders and entrepreneurs in Europe who need local and private support. We look forward to working with Dealroom as it continues to scale,” comments Ronald van der Heijde, Managing Director at Shoe Investments.

About Dealroom
Founded in 2013, Dealroom is an Amsterdam-based data and software platform, providing worldwide intelligence about startups, innovation and venture capital investment to governments, VCs and individuals. The most comprehensive database on tech ecosystems, Dealroom is used by local governments, startup hubs, venture capitalists, and the entire technology industry, to explore, analyse, and showcase the performance characteristics of innovative companies, mainly startups and scaleups, across Europe and the world. Its reports have become the European startup landscape reference, published by the Economist, Financial Times, BBC, The New York Times and the Washington Post. For more information, visit www.dealroom.co.

Notes to editors
Founded in 2013 in Amsterdam by Yoram Wijngaarde who previously worked as investment banker, first at Lehman Brothers in London and New York, and then at NOAH Advisors in London, advising tech companies. While at NOAH, Yoram advised multiple European tech companies on their exit (e.g. Fotolia to KKR). At the time, the available private company databases were inadequately covering both Europe and early stage startups. Hence the idea was born to build a database focused on European startups.