Well-known research platform Dealroom has this morning announced raising €2.75 million Series A funding, 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.
If you work in the startup world or investment sector, then Dealroom will already be on your radar. Founded in 2013, Dealroom is an Amsterdam-based data and software platform, which shows worldwide intelligence about startups, innovation and venture capital investment. Dealroom is used by every player in the startup and tech industry to search and compare the performance characteristics of innovative companies, pull reports and track industry trends. Its reports have become the reference in the European startup landscape, having been featured in major publications such as the Economist, the Financial Times, the BBC, The New York Times and the Washington Post. Today, Dealroom has built up a community of 30,000 registered and active users, and is trusted by hundreds of paying customers including world-class corporates (Google, Stripe, EY, Deloitte, Amazon) and top-tier venture capital firms (Sequoia, Insight Partners, LocalGlobe, Accel Partners).
The Dealroom platform is run using a combination of manual research and automated tools, which incorporate AI, natural language processing, data science and APIs. Working together, these elements identify and process relevant company information and insights in real-time. Polished with expertise from external players like governments, hubs and VCs, Dealroom has created a data management network and interface that provides invaluable insights to anyone working in the industry.
“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.”
In addition to its daily users, such as founders and VCs looking to compare startups across Europe, Dealroom provides governments and 15 European hubs with fully managed white-labelled solutions to understand, access and communicate intelligence and data about their ecosystem. Today, several European ecosystems including the 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 way.
Diederik Ingen Housz, Managing Partner at Knight Venture Capital, said, “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,”
Ronald van der Heijde, Managing Director at Shoe Investments, also commented, “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”.