OostNL
Description
OostNL is a prominent regional development agency dedicated to bolstering the economy of the Eastern Netherlands, specifically the provinces of Gelderland and Overijssel. As a public-private partnership, its core mission revolves around stimulating innovation, providing strategic investments to promising companies, and facilitating the internationalization efforts of local entrepreneurs. The agency plays a crucial role in fostering a vibrant economic ecosystem by addressing market failures and supporting businesses that contribute to regional growth and job creation.
The agency's investment strategy primarily targets innovative Small and Medium-sized Enterprises (SMEs) across key sectors vital to the region's future. These include Food, Health, High Tech Systems & Materials, Cleantech & Energy, Smart Industry, Information and Communication Technology (ICT), and the Circular Economy. OostNL offers various forms of risk capital, including equity, convertible loans, and traditional loans, tailored to the specific needs and growth stages of the companies it supports. This multi-faceted approach allows them to be flexible partners for a diverse range of businesses.
OostNL manages a portfolio of distinct funds, such as the Participatiefonds Oost NL and Innovatiefonds Overijssel, each designed to address specific investment needs within its mandate. Typical first cheque sizes for their direct investments in companies generally range from approximately $54,000 to $2,700,000, reflecting their commitment to both early-stage and scaling ventures. Their impact is significant: in 2022 alone, OostNL executed 40 investments, deploying a total of €21.5 million into the regional economy. Since its inception, the agency has supported over 700 companies, underscoring its long-term dedication to the sustainable development of the Eastern Netherlands. Beyond capital, OostNL also provides valuable support in areas like business development, network access, and international market entry, reinforcing its role as a comprehensive partner for regional enterprises.
Investor Profile
OostNL has backed more than 72 startups, with 15 new investments in the last 12 months alone. The firm has led 25 rounds, about 35% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
- Majority of deals are located in The Netherlands, United States.
- Strong thematic focus on Health Care, Biotechnology, Medical Device.
- Led 5 rounds in the past year.
- Typical check size: $54K – $2.7M.
Stage Focus
- Seed (38%)
- Series Unknown (21%)
- Series A (15%)
- Pre Seed (13%)
- Series B (8%)
- Convertible Note (3%)
- Series C (1%)
- Debt Financing (1%)
Country Focus
- The Netherlands (99%)
- United States (1%)
Industry Focus
- Health Care
- Biotechnology
- Medical Device
- Medical
- Food And Beverage
- Information Technology
- Manufacturing
- Health Diagnostics
- Pharmaceutical
- Artificial Intelligence (Ai)
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