A group of 6 business owners and angel financiers have actually revealed today the launch of their very first fund, intending to support Dutch early-stage tech start-ups.
Called the Dutch Operator Fund I, it has actually raised EUR2mn in capital. The quantity is offered by the group itself, in addition to a loan from the Seed Business Angel plan of the Netherlands Enterprise Agency (RVO).
Investments will vary in between EUR75K and EUR200K, with the possibility of follow-up financing.
The fund targets start-ups in the (pre-)seed stage. “There is a requirement for this in our nation, due to the fact that for lots of institutional financiers, buying this phase is frequently ‘too early,'” stated Geert-Jan Smits, among the fund’s creators.
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According to information from Dealroom, Dutch start-ups raised $162.6 mn in pre-seed and seed rounds in the very first 2 quarters of 2024. The comparable quantity for Series A was $186.4 mn and $407.5 mn for Series B.
Financial investment requirements
The Dutch Operator Fund I’s focus locations are software application, SaaS, circular economy, and tech associated to applications in environment, health, retail, food, and travel.
The fund is trying to find business that have actually established their own innovation. They likewise require to have a scalable service design and show preliminary industrial traction.
Other requirements consist of a plainly specified market and target market and starting groups of 2 to 4 individuals– and ideally, second-time creators.
In addition to the capital, the group states it will contribute its own entrepreneurial experience and network.
Behind the Dutch Operator Fund are Sjoerd van Berkel, Jeroen Bertrams, Quinten Selhorst, Geert-Jan Smits, Rutger Teunissen, and David Vermeulen. Integrated, they have actually established and scaled 30 business and understood 13 exits.
The group of 6 established the fund previously this year in Amsterdam. Interested start-ups can start getting the preliminary beginning today.
Other Netherlands-based funds that target early-stage start-ups are the Dutch Founders Fund, LUMO Labs, and Newion.