There is a relatively small but active Dutch entrepreneurial community in Silicon Valley. Due to Silicon Valley’s ecosystem, networking opportunities, access to capital, and innovation culture, many Dutch entrepreneurs have relocated there.
Additionally, the investor community over there assists entrepreneurs by providing them with access to capital to finance their ideas. Despite the ongoing economic downturn wherein big tech giants such as Google, Amazon, and Meta among others are laying off employees, as many as eight Dutch entrepreneurs in Silicon Valley have raised funding in 2022.
In 2022, Dutch entrepreneurs in Silicon Valley raised nearly $166 million from investors, according to DutchTechSF, a Dutch-American entrepreneurial community in Silicon Valley. This is almost 20% lesser than the $944 million that was raised by the community back in 2021 wherein Commure, FLYR Labs and Rescale raised $500 million, $150 million, and $105 million, respectively. Today at TFN, we have listed the eight startups headquartered in Silicon Valley with at least one Dutch founder that got investment in 2022.
Founder/s: Alex Rice, Jobert Abma, Merijn Terheggen, Michiel Prins
Founded year: 2012
Total funding: $159M
HackerOne, a security platform, which connects businesses with penetration testers and cybersecurity researchers, also develops bug bounty solutions to help organisations reduce the security risk. Headquartered in San Francisco, the startup with offices in London, New York City, Singapore, and the Netherlands.
Back in 2022, the security platform and bug bounty giant raised $49 million in Series E funding led by investment firm GP Bullhound.
Founder/s: Declan Jones, Deniz Kent, Max Huisman, Victor Jones
Founded year: 2020
Total funding: $42M
The biotech company Prolific Machines develops cell technologies to redefine how cells are produced for a sustainable future. The first application of the technology is to help make affordable cultured meat a reality. In September 2022, the company picked up $42 million in Series A funding led by angel investor Arvind Gupta and Bill Gates’ Breakthrough Energy Ventures.
Founder/s: Erik Nordmark, Roman Shaposhnik, Said Ouissal, Vijay Tapaskar
Founded year: 2016
Total funding: NA
This platform makes edge computing effortless, open, and secure. Also, it is a provider of distributed edge orchestration and virtualisation software. Zedada reduces the cost of managing and orchestrating distributed edge infrastructure and applications while increasing visibility, security and control.
In July, Zededa secured $26 million in Series B funding from investors, including Coast Range Capital, Lux Capital, Energize Ventures, Almaz Capital, Porsche Ventures, Chevron Technology Ventures, and others.
Founder/s: William Ross, William Steenbergen
Founded year: 2020
Total funding: $15M
Being an underwriting platform for insurance carriers, Federato offers insurers a unified view of information to select and price risks. The underwriter workflow software allows actuaries and portfolio analysts allow clients to understand and make better decisions. The platform’s underwriting strategies are claimed to identify trends.
In September last year, Emergence Capital led a $15 million Series A round in the company alongside participation from a slew of other investors.
Founder/s: Loek Janssen, Misha Esipov, Nicky Goulimis
Founded year: 2016
Total funding: $69.3M
Millions of immigrants in the US, including those who have successful jobs are left with no way to access credit. Nova Credit, a Y-Combinator alumni is resolving this challenge. The cross-border credit reporting agency translates international credit data into a US-equivalent score to let one apply for credit cards, loans, housing and more without having to build a US credit score.
In 2022, Nova Credit received $10 million in funding from HSBC Ventures.
Founder/s: Pieter Doevendans, Skinner Cheng, Thibault Duchemin
Founded year: 2014
Total funding: NA
Ava develops a live captioning platform that uses AI to transcribe what people say. Ava for will always display captions on top of the video call or the shared screen or presentation, so one can follow comfortably. The company’s tools provide instant captions for any voice the user hears, be it an official meeting or a casual chat with friends.
Last year, the AI-powered captioning service snapped a Series A round of $10 million led by Khosla Ventures.
Founder/s: Tom Medema
Founded year: 2018
Total funding: $8.5M
Bubbles is a collaboration tool for remote work, which adds threaded video, audio, and text comments to on-screen working environments. It also lets users tag anything on screen and invite teammates to discuss in-context.
In May last year, the asynchronous video collaboration tool, raised $8.5 million in seed funding from Khosla Ventures, Craft Ventures, Streamlined Ventures, 468 Ventures, and Bain Capital as well as strategic angels.
Founder/s: Cailin Hardell, Adam Koszek, Jie Wu, Martin Willemink
Founded year: 2019
Total funding: $7.4M
A cloud platform, Segmed partners with health systems and other medical providers to provide curated data for medical companies to facilitate and accelerate algorithm development. It lets companies access real-world imaging data for medical AI training and validation.
Aiming to make the data used to build the next generation of healthcare is diverse with reduced bias, YC and Alchemist-backed Segmed grabbed $5.2 million in funding led by Nina Capital.