About Invest-NL
Invest-NL is a venture capital firm founded in 2020. It is primarily based out of Amsterdam, Netherlands. As of Sep 2026, Invest-NL is an active investor, having invested in 72 companies, with 9 new investments in the last 12 months. It primarily invests in Series B round in Netherlands based startups. Its investments are spread across a wide range of sectors from High Tech to Environment Tech and Life Sciences. Most recently it participated in the $***** Series B round of Morphotonics Overall, Invest-NL portfolio has seen 1 unicorn, 3 IPOs and 2 acquisitions including key companies like ONWARD, Nearfield Instruments and Carbyon. A lot of funds co-invest with Invest-NL, with names like BOM sharing a substantial percentage of its portfolio. Invest-NL has team of 42 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 6 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Invest-NL's List of Top Investments
Invest-NL has a portfolio of 72 companies, one of which is a Unicorn. Their most notable investments are in Kaleido and SolarDuck.Their portfolio spans across Netherlands, United States, Sweden and 1 more locations. They have invested in High Tech, Environment Tech, Life Sciences and 20 other sectors, across stages such as Series B, Series A and 6 more. Here is the list of top investments by Invest-NL:
1. Dott
Operator of shared electric scooters and bicycles for urban transit. The vehicles are available for short term rental to facilitate movement within metropolitan areas. The service provides access to motorized personal transport options through a digital interface. Maintenance and fleet management are handled internally to support vehicle availability.
Key facts about Dott
- Founded Year: 2018
- Location: Amsterdam (Netherlands)
- Stage: Series B
- Total Funding till date: $212M
- Employee Count: 655 as on Sep 30, 2026
- Investors: EQT, Felix Capital and 23 Others
- Latest Funding Round: Conventional Debt, Jan 31, 2022, $*****
- Highlight: Editors' Pick
2. Fairphone
Retailer of smartphones, audio products, accessories, and spare parts online. They offer a range of smartphones with different operating systems. Audio products include wireless earbuds and headphones. The company provides various accessories such as cases and screen protectors. Spare parts are available for device repairs.
Key facts about Fairphone
- Founded Year: 2011
- Location: Amsterdam (Netherlands)
- Stage: Series B
- Total Funding till date: $69M
- Employee Count: 216 as on Sep 30, 2026
- Investors: Abn Amro, Quadia and 10 Others
- Latest Funding Round: Series B, Jan 31, 2023, $*****
- Highlight: Editors' Pick
3. Axelera AI
Manufacturer of hardware accelerators and software for artificial intelligence inference. These products include processing units designed for integration into computing systems to perform neural network tasks. The hardware supports various form factors for deployment in edge computing environments. The accompanying software development kit provides tools for model deployment, compatibility, and system control. These components facilitate the execution of deep learning models for tasks such as computer vision and data analytics.
Key facts about Axelera AI
- Founded Year: 2021
- Location: Eindhoven (Netherlands)
- Stage: Series C
- Total Funding till date: $450M
- Employee Count: 299 as on Sep 30, 2026
- Investors: Samsung Catalyst Fund, Verve Ventures and 13 Others
- Latest Funding Round: Series C, Feb 24, 2026, $*****
- Highlight: Editors' Pick
4. Vitestro
Developed AI-based blood drawing robot for clinic use. The company has developed a medical robotics device that autonomously draws blood from patients. The device has a guided 3D construction with a robotic needle that secures blood collection. It has features for bandage application as well.
Key facts about Vitestro
- Founded Year: 2017
- Location: Utrecht (Netherlands)
- Stage: Series B
- Total Funding till date: $120M
- Employee Count: 143 as on Sep 30, 2026
- Investors: PGGM, LabCorp and 13 Others
- Latest Funding Round: Series B, Mar 10, 2026, $*****
- Highlight: Editors' Pick
5. Kaleido
Hello Kaleido develops an insulin pump for treating diabetes. It is a medical device used for the administration of insulin in the treatment of diabetes mellitus. It uses a Bluetooth channel to connect with the phone which reminds users of insulin administration. The company also provides software for diabetic monitoring.
Key facts about Kaleido
- Founded Year: 2013
- Location: Utrecht (Netherlands)
- Stage: Series D
- Total Funding till date: $183M
- Employee Count: 216 as on Sep 30, 2026
- Investors: Kreos Capital, Life Sciences Partners and 10 Others
- Latest Funding Round: Series D, Jan 08, 2026, $*****
- Highlight: Editors' Pick
Invest-NL's Year-on-Year Investment Trends
Invest-NL has invested in 72 companies over the last 6 years, with an average of 12 new investments annually in the last 5 years. In 2025, it made 22 investments, while as of Sep 2026, it has made 16 investments in this year. Its most recent first time investment was in Morphotonics and most recent follow-on round was in Xeltis.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 8 | 8 | 16 |
2025 | 17 | 5 | 22 |
2024 | 12 | 5 | 17 |
2023 | 13 | 3 | 16 |
2022 | 7 | 2 | 9 |
2021 | 13 | 0 | 13 |
2020 | 2 | 0 | 2 |
Invest-NL's Investments by Stage
Invest-NL has made 35 investments in Series B stage with an average round size of $29.6M, 22 investments in Series A stage with an average round size of $16.6M and 5 investments in Seed stage with an average round size of $11.6M.Stage of entry | No. of Investments |
|---|---|
Series B | 35 |
Series A | 22 |
Seed | 5 |
Series C | 4 |
Post IPO | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Invest-NL's Investments by Sector
Invest-NL has a diverse portfolio, with companies operating in the High Tech, Sustainability Tech, Environment Tech, Energy Tech and Life Sciences. Notably, it has invested in 59 Tech companies, 54 Enterprise (B2B) companies, 29 Tech hardware companies and at least 13 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 33 |
Sustainability Tech | 30 |
Environment Tech | 19 |
Energy Tech | 16 |
Life Sciences | 12 |
Others | 67 |
Note: We have considered here, only first round of investments
Invest-NL's Investments by Geography
Invest-NL has made most investments in Netherlands (67), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Netherlands | 67 |
United States | 2 |
India | 1 |
Sweden | 1 |
Switzerland | 1 |
Note: We have considered here, only first round of investments
Invest-NL's recent investments
Invest-NL has made 16 investments in 2026 so far. Morphotonics and VitalFluid are the latest among them.Here are the most recent investments by Invest-NL:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 21, 2026 | Netherlands | Series B | 2346 | [+5] | |
Aug 27, 2026 | Netherlands | Series B | 4140 | ||
Jul 31, 2026 | Netherlands | Series A | 7936 | [+3] | |
Jul 28, 2026 | Switzerland | Series E | 4229 | [+4] | |
Jun 29, 2026 | Netherlands | Series B | 6349 | [+1] |
Unicorns in Invest-NL's Portfolio
Invest-NL has 1 unicorn in its portfolio - Nearfield Instruments. The most recent unicorn in their portfolio is Nearfield Instruments which became a unicorn in 2026, 5 years after Invest-NL first invested in it.Here is a list of unicorns in Invest-NL's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
62 | Developer of electron microscopes for 3D metrology | 2016 | Rotterdam | Series D | potohol |
IPOs and Publicly Listed companies in Invest-NL's Portfolio
3 of Invest-NL's portfolio companies have become public. ONWARD got listed on the Euronext Exchange (Euronext), in Oct 2021 at marketcap of $443M and Pryme got listed on the Frankfurt Stock Exchange (FRA).Here are Invest-NL's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 21, 2021 | Apr 22, 2021 | Series B | 2127 | |
May 07, 2021 | Mar 21, 2023 | Post IPO | 9988 | |
Mar 15, 2017 | 2023 | Post IPO | 5399 |
Acquired companies in Invest-NL's Portfolio
2 companies from Invest-NL's portfolio have been acquired. The most recent acquisition was Carbyon in Jul 2026 by Airhive for $*****.Here are Invest-NL's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 17, 2026 | Sep 03, 2024 | Series A | 6452 | |
Jul 03, 2018 | Jan 09, 2023 | Series A | 3642 |
Team profile of Invest-NL
Invest-NL has a team of 42 members including 2 Partners and 4 Principals located in Netherlands. Invest-NL's team does not sit on the board of any company as of now.Here is a list of top team members in Invest-NL:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Amsterdam | - | ||
Partner | Amsterdam | - | ||
Principal | Amsterdam | - | ||
Principal | Abcoude | - | ||
Principal | Amsterdam | - | ||
Principal | Amsterdam | - |
Co-investors of Invest-NL
Over the past 6 years, 372 investors have co-invested in Invest-NL's portfolio companies. This includes funds and angels.
- Invested before Invest-NL: Europa, EIC Fund and 164 others have invested in rounds before Invest-NL. There are 27 companies where Europa has invested before Invest-NL and 11 companies where EIC Fund has invested before Invest-NL.
- Top Co-investors of Invest-NL: 141 investors entered a company along with Invest-NL. These include investors like BOM (11 companies).
- Invested after Invest-NL: A total of 65 investors have invested in Invest-NL's portfolio after their investments. Top Investors include European Innovation Council (5 companies), ROM Utrecht Region (3 companies) and EQT (3 companies).
Recent News related to Invest-NL
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Morphotonics Secures €40 Million for Smart Glasses Waveguide TechnologyBits&Chips•Sep 23, 2026•3M, Morphotonics, Invest-NL
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Leyden Labs Secures €40 Million to Develop Intranasal Protection Against Influenza and CoronavirusesEU-Startups•Jun 25, 2026•European Innovation Council, Leyden Labs, Invest-NL
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Vertoro Closes €17 Million Series B Round for Renewable Oil TechnologyiGrow News•Jun 18, 2026•Climate Tech Partners, Vertoro, Invest-NL, Maersk
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Deep Tech Fund Expanded to 610 Million Euros to Back Dutch Deep TechBits&Chips•Jun 11, 2026•Government of the Netherlands, Invest-NL
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eyeo Secures €40 Million to Enhance Imaging Technology and Sensor PerformanceStartup Rise EU•May 11, 2026•Innovation Industries, eyeo, HTGF, Europa and 4 others
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QuantWare Raises $178M in Series B Funding with In-Q-Tel Joining as InvestorTrending Topics•May 05, 2026•QuantWare, Intel Capital, QDNL Participations, Graduate Ventures and 5 others
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EQT Foundation Opens Applications for Science Grants for CNS Drug DeliveryCision•Mar 10, 2026•EQT, Invest-NL
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Utrecht-based Robot Blood Sampler Raises 60 MillionMena•Mar 10, 2026•InterVest, Vitestro, PGGM, LabCorp and 9 others
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Backed by €113.8 million, Dutch startup RIFT to deliver 340 GWh of industrial heat annually and avoid over 1 million tonnes of CO₂,EU-Startups•Mar 03, 2026•Renewable Iron Fuel Technology, Invest-NL, Rubio impact Ventures, BOM and 3 others
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Axelera AI Secures More Than $250 Million Funding on Global Commercial GrowthSalesTech Star•Feb 25, 2026•Axelera AI, Verve Ventures, Invest-NL, CDP Venture Capital and 4 others
