The Hottest Startups in Amsterdam in 2024

The 2023 Atomico's State of European Tech Report reveals Netherlands to beryllium a standout success, cementing its presumption arsenic a prima subordinate successful the startup ecosystem. In presumption of superior invested successful its backstage tech companies, for instance, it’s risen backmost into the apical 5 countries with a projected $2.1 billion. And portion the UK has seen the stock of its European superior invested driblet by astir 3 per cent wrong the past 3 years, the Netherlands comes retired top, capturing the biggest gains successful Europe astatine astir 2 per cent. The hub of the Netherlands’ startup ecosystem is Amsterdam, which hosts astir 4,000 startups, including unicorns similar Mollie, Mambu and Backbase. Known for its planetary focus, collaborative ecosystem, and divers and skilled workforce, it’s besides dedicated to tackling urgent societal issues.

“Successful innovation successful Amsterdam is driven by planetary challenges, specified arsenic the vigor modulation oregon the aging population," explains Joël Dori of StartupAmsterdam, which works to bring the nationalist and backstage sectors unneurotic to enactment startups, scale-ups, entrepreneurs and different players successful the section ecosystem. “It's what founders and the nationalist successful Amsterdam attraction about.” Dori notes however, that issues wrong the city, specified arsenic the choky lodging marketplace and worries from founders astir startup-related policies, indispensable beryllium tackled successful bid to pull and clasp the capital’s high-caliber talent.

Overstory

Vegetation is the single top origin down powerfulness outages caused by the electrical grid owed to trees falling connected powerfulness lines oregon by sparking wildfires—and the occupation is lone worsening owed to changing clime and much predominant storms. “Using images from satellites and airplanes, we usage machine imaginativeness to find trees and estimation their height, wellness and species,” says Indra den Bakker, who co-founded Overstory with Anniek Schouten successful 2018. This allows electrical inferior companies to nonstop their tree-pruning efforts to areas wherever the likelihood that trees volition travel successful interaction with powerfulness lines is higher. Raising $25 cardinal to date, with enactment from Pale Blue Dot, B Capital, CapitalT, Moxxie Ventures, Overstory’s clients already see 4 of the apical 10 American utilities. One investor-owned utility, for instance, has saved implicit $3 cardinal successful vegetation costs. overstory.com

Coolgradient

By 2030, information centers could usage 3.2 percent of planetary energy consumption. However, fewer information halfway operators tin efficaciously power their vigor and h2o usage, which is simply a looming catastrophe for the climate. Enter Coolgradient, founded by Jasper de Vries and René Gompel successful 2023, with the purpose of reducing 1 per cent of the planetary vigor depletion by cooling information centers. Providing elaborate visibility into the show of each halfway assets, from the extortion to the room, its instrumentality learning models analyse information from existing information halfway assets specified arsenic cooling systems and powerfulness organisation units. It past identifies inefficiencies and offers solutions for continuous optimization, redeeming up to 40 per cent successful utilities usage. In May, it completed an undisclosed backing circular from the early-stage interaction capitalist 4impact. coolgradient.com

Monumental

More than half of European countries are grappling with a shortage of bricklayers, arsenic 82 cardinal Europeans are astatine hazard of homelessness owed to lacking affordable housing. Monumental is tackling these 2 problems with tiny autonomous crushed vehicles, which are a cheaper, much disposable root of labour connected operation sites. Once loaded with materials by humans, a trio of its robots, acceptable with tower-style cranes, enactment arsenic a team: 1 lays the mortar, 1 supplies the bricks and 1 does the existent building, driving alongside the partition until it's finished. Since Salar al Khafaji and Sebastiaan Visser launched it successful 2021, Monumental robots has built aggregate projects for apical contractors successful the Netherlands, including the facades of free-standing villas, societal lodging units, concern buildings, and quay walls. The institution has raised $25 cardinal to date, from Plural, Hummingbird, and Northzone. New products successful the pipeline see robots specializing successful factual blocks, positive introduction into caller markets specified arsenic Germany and the UK. “We're moving towards a aboriginal wherever beautiful, tailor-made buildings are built wrong a azygous day, with minimal labor,” says al Khafaji. monumental.co

Weaviate

An unfastened root database that stores and manages the vector information that’s integral to galore AI applications, Weaviate makes it easier for developers to make and grow AI applications, which scope from custom-made hunt and proposal systems to ChatGPT plugins. Founded by Bob van Luijt and Etienne Dilocker successful 2019, its unreality work gives developers the afloat powerfulness of the Weaviate database without immoderate of the operational overhead. It has had much than a cardinal monthly OSS downloads and 10,000 stars connected GitHub (TripAdvisor for developers), and has a manus successful processing caller merchandise ideas done its proprietary incubation hub. Investors specified arsenic Index Ventures, NEA, Battery, Zetta and Cortical person contributed immoderate $67.6 cardinal (€60.7 million) successful funding. weaviate.io

Cradle

According to European Bioplastics data, substituting the yearly planetary request for fossil-based polyethylene (PE) with bio-based PE would prevention much than 73 cardinal tonnes of CO2. However, designing proteins is an arduous, time-consuming, costly trial-and-error task. Cradle’s AI platform, launched successful 2021, enables biologists to upload a macromolecule series they privation optimized, specified arsenic needing much stableness astatine higher temperatures. Out of a wide scope of variations generated by the model, it tin find the astir promising to trial successful the lab. It reduces experimental rounds by up to 12 times, and uses 10 times less resources than accepted methods. This vastly boosts the accidental for success. For example, one US biotech recovered novel, high-performing mutations that accepted methods hadn’t identified. Cradle, founded by Elise de Reus and Stef van Grieken, has raised $34 cardinal (€30 million) successful backing led by Index Ventures and Kindred Capital. cradle.bio

Carbon Equity

Lara Koole, Jeff Gomez, Liza Rubinstein and Jacqueline van den Ende founded Carbon Equity successful 2021, based connected 2 observations: “We request billions of dollars to money clime exertion solutions, and wide affluent and high-net-worth individuals clasp trillions of dollars but person nary entree to backstage markets,” says van den Ende, Carbon Equity’s CEO. The institution grants investors unsocial entree to a diversified portfolio of starring clime task superior and maturation equity funds. Since launching, astir 1000 investors person invested much than €250 cardinal ($278 million) done the platform, helping standard much than 120 non-listed clime tech companies, ranging from CO2-free cement (Sublime Systems) to long-duration vigor retention (Form Energy), and greenish alloy (H2 Green Steel). Carbon Equity has raised €9 cardinal ($10 million), with pb investors including the French fintech money Blackfin Capital Partners and Netherlands-based VC money 4Impact. Carbon Equity volition soon unfastened an planetary bureau successful Berlin and connection its clients a caller clime infrastructure money and little concern minimums. carbonequity.com

Bloom & Wolf

With dense usage of water, pesticides, greenhouses, and refrigerated transportation, the chopped angiosperm manufacture is disastrous for the environment. Premium silk angiosperm work Bloom & Wolf offers an alternate that’s 4 times cheaper than a emblematic caller subscription, and reduces c emissions by 85 times. The company’s flowers are manufactured successful Asia, shipped overseas to a European wholesaler, past made into bouquets by the startup successful Amsterdam. When the user is done—usually changing their bouquet each play —it’s collected, refurbished and reused. Supplying a scope of customers since launching successful 2023, the firm’s circular exemplary gained important traction successful the premium bureau and edifice industry, with clients including NH Hotel Group and Bilderberg. Founder Gwen Van de Pas has her sights acceptable connected Europe and the US, aided by a €1.4 cardinal effect round, led by CapitalT. bloomandwolf.com

Solvimon

Launched successful 2022 by Kim Verkooijen and Etienne Gerts, who chopped their teeth astatine the Dutch fintech unicorn Adyen, Solvimon's all-in-one billing and monetisation level is designed for fintech and SaaS businesses with analyzable billing needs. With fast-growing startups specified TrueLayer, Yapily, Yuno, Hawk, and SurePay successful its existent lawsuit base, Solvimon’s imaginativeness is to marque billing a instrumentality that drives caller business, alternatively than hinders it. The startup enables scaling-up of gross operations crossed aggregate countries and currencies, a simplification successful manual billing efforts and enhanced fiscal management. Solvimon raised €9 cardinal ($10 million) successful a effect circular led by Northzone successful precocious 2023, and has acceptable its sights connected increasing its humble squad of eight. solvimon.com

10X

As the conflict for endowment intensifies, fractional work—the signifier of hiring experts successful the tract for part-time oregon contractual roles—is progressively ticking the container for some leader and employee. To link companies with accomplished fractional CxOs, professionals, and experts, serial entrepreneur Angelique Schouten launched the subscription-based AI-supported level 10X (pronounced “1 zero X”) successful 2023. With much than 500 fractional professionals offering their expertise, it’s already agreed companies specified arsenic Mobility Concept, ParkBee and Talk360 with erstwhile leaders from Schiphol Airport, Knab and Meta. In May, 10X raised €1 cardinal ($1.1 million) successful effect backing from angel investors. This volition beryllium utilized to motorboat a caller mentation of the platform, which volition diagnostic AI-based investigation of candidate’s videos and randomly selected references from erstwhile employers. 1zerox.com

Haaven

Haaven, founded by Thomas Leeson, Davide Cardu, Sacha Bloem, and Dédé Kruisman successful 2023, is simply a one-stop store for gathering tiny houses—that’s immoderate abstraction smaller than 50m², which makes them casual to transport arsenic a azygous module oregon flat-pack connected a truck. Consumers prime a plan from the collection, personalize it, and wrong 15 weeks, they person a new, carbon-neutral abstraction courtesy of a web of engineers and prefab operation companies. Prices scope from €1,500 ($1,100) per m² for a finished exterior only, portion 1 including floors, lighting, a room and furnishings runs up to €5,000 ($5,500) per m². All quotes are final, truthful there’s nary task creep arsenic with accepted construction. The steadfast works with starchitect firms specified arsenic Sigurd Larsen and Park + Associates, has built 30 spaces to date, and raised €1.1 cardinal ($1.2 million) successful pre-seed funding, led by Speedinvest, Golden Egg Check and angel investors similar Quintin Schevernels and Erik Nieuwenhuis. haaven.com

This nonfiction archetypal appeared successful the November/December 2024 variation of WIRED UK.