Dealroom has announced that it has raised €2.75 million in a Series A round 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.
Dealroom is an Amsterdam-based data and software platform that provides worldwide intelligence and research about startups, innovation and venture capital investment to governments, individuals, VCs and corporates.
“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.”
Founded in 2013, Dealroom has become the premier source for European tech industry data. It delivers insights to publish influential reports based on research and data about startups, investment, funding, M&A deals and socio-economic impact.
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Dealroom uses a combination of manual research and automated tools that incorporate AI, natural language processing, data science and APIs to identify and process relevant company information and insights in real-time.
Working closely with hubs and government ecosystems as well as VCs and founders, Dealroom has created an invaluable network, technical expertise, and best-practices around data management and interfaces that work for users to provide true insights and value to the industry.
“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,” said Diederik Ingen Housz, Managing Partner at Knight Venture Capital.
Ronald van der Heijde, Managing Director at Shoe Investments added: “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.”