Amsterdam-based Dealroom is a provider of data and intelligence on startups and tech ecosystems and a direct rival to Crunchbase. Today, the platform has raised €6 million in Series A funding.
The investment round was led by Beringea, the transatlantic venture capital firm alongside participation from existing investors – Knight Venture Capital and Shoe Investments.
Dealroom will use the funds to accelerate global rollout, invest in data, and double down on mission to create the single source of truth for tech ecosystems.
Maria Wagner, Investment Director at Beringea, commented: “Our interest in Dealroom was first sparked by our love for the product. As the European tech ecosystem increases in size and complexity, investors, innovators, and policy makers need smart data and insights, which is what we found on Dealroom. Having connected with Yoram, we were able to get to know the business remotely during the pandemic and lead this fundraising round. We’re looking forward to working alongside this exceptional team to reach their goals.”
Desire for more information
Founded in 2013 by Yoram Wijngaarde, Dealroom is the result of a desire for better information related to early-stage, high-growth companies, and emerging sectors worldwide.
The database was created from scratch and is designed specifically to support Europe’s startup ecosystems. Also, it closely works with strategic partners in each European market.
Whether you are a big growth investor seeking opportunities to make investments or an artisanal workshop or a large enterprise, data has become indispensable to the missing opportunities.
What does Dealroom do?
Dealroom works with many most prominent investors, entrepreneurs, and government organisations worldwide to provide transparency, analysis, and insights on venture capital activity. Dealroom seeks to accelerate entrepreneurship and innovation for governments, corporates, VCs, and founders with data transparency and an intelligence layer at the heart of tech ecosystems.
Currently, most top-tier investors actively investing in EMEA use Dealroom’s API, software, and research to identify the most promising startups. However, besides being a data provider and a venture capital investor, it generates revenue from the incessant.
Tripled its team
The use of data and AI in venture capital has reached new heights. Also, there is a constant hunt for the world’s most promising startups.
Dealroom raised the seed round two years back, and since then, it has been growing. The number of public bodies connected to Dealroom’s API has quadrupled. Over 50 governments across five continents use Dealroom’s tools to measure and grow their ecosystems via custom dashboards, and the market’s most extensive API.. Also, the team has tripled to about 75 people across 30+ nationalities.
As of now, Dealroom is hiring for two dozen exciting roles across data, AI, product, sales & marketing, and research.
Intelligence layer for startups
Entrepreneurial value creation is at an all-time high. Dealroom is the intelligence layer for this Entrepreneurial Age. Data has the power to unlock new opportunities through improved decision making on capital allocation, financial outcomes, social impact, access to opportunity, regulation and more.
Currently, the startup is integrating with more company registers globally and adding new layers of data, including patents, university spinouts, people data, and increasing the use of artificial intelligence. With these developments, Dealroom intends to turn data into insights.
