Funding database Dealroom raises €6m in Series A funding
Dealroom, a provider of data and intelligence on startups and the funding they raise, has raised €6m in a funding round.
The Series A round was led by transatlantic venture capital firm Beringea with participation from existing investors Knight Venture Capital and Shoe Investments.
The additional capital will be used to accelerate the global rollout of its platform, which is used by investors, entrepreneurs and government policymakers to gain insights on startup ecosystems in the UK, Europe and beyond. The Amsterdam-based company said it will also use the funds to bring more data to the platform, which it said is increasingly being used by the public sector.
In the past two years, the company has tripled its headcount to about 75 people across more than 30 nationalities.
Founded in 2013 by Yoram Wijngaarde, the startup provides analysis and insights on venture capital activity. A free version is available while paying customers can gain more granular insights into companies.
The platform is used by many of the world’s top investors active in EMEA. Investors, VCs and corporates use Dealroom’s API, software and research to identify the most promising startups from the moment they are conceived.
Dealroom said that public sector organisations are now its largest revenue source, with the number of public bodies connected to its API now standing at 50, having quadrupled since its last seed funding round two years ago.
A Dealroom analysis shows that in Silicon Valley 68% of all workers are employed by venture-backed companies. For the entire US, that figure is 24%, while the rest of the world lies in the low single (or decimal) digits.
Maria Wagner, investment director at Beringea, said: “As the European tech ecosystem increases in size and complexity, investors, innovators, and policymakers 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.”