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DFF Ventures

NLGBDEFRITESSEBEAEOtherMarketplacesB2B SaaSAI/MLFintechEnterpriseOther

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Investment thesis

DFF Ventures is an Amsterdam-based pre-seed and seed fund investing in digital solutions for underdigitized, physical industries. Founded by entrepreneurs behind WeTransfer, Just Eat, Treatwell, and fonQ, the firm focuses on marketplaces, vertical SaaS, tech-enabled services, and marketplace enablers — with a particular sweet spot in recommerce models (recycling, reuse, refurbishment) and Vertical AI. DFF targets companies that leverage network effects and deep industry expertise in sectors such as logistics, scrap metal, automotive, and insurance. The fund invests across Europe, the UK, and MENA, typically leading or co-leading pre-seed and seed rounds with tickets from €250k to €2.5m. It deliberately keeps fund sizes lean and is backed exclusively by entrepreneurs and family offices. As founding partner Laurens Groenendijk puts it: 'By keeping our fund lean, the model works better for our LPs, our founders, and for us.'

Notable quotes

I honestly don't know how €500 million funds plan to return capital to their LPs. VC is a game of outliers, and while such outcomes are possible, they are the exception, not the rule. By keeping our fund lean, the model works better for our LPs, our founders, and for us.

Laurens Groenendijk · EU Startups – 'Dutch DFF Ventures updates name and opens €50 million fund' · 2025-09-25

You go very deep into one industry. It starts with a workflow tool, an 'operating system' for that sector, and then you gradually expand, adding financing, logistics, and eventually transactional layers, such as a marketplace, on top. You're trading market size for market share, but in doing so you can become indispensable. The beauty is that you start as a tool, but you end up as the backbone of an entire industry.

Maarten Engelen · EU Startups – 'Dutch DFF Ventures updates name and opens €50 million fund' · 2025-09-25

They digitise the physical backbone of the economy – from logistics to recycling – and show that even in an AI-driven world, value can come from transforming the industries that keep everything moving.

Patrick Kerssemakers · EU Startups – 'Dutch DFF Ventures updates name and opens €50 million fund' · 2025-09-25

Recent investments

CompanyRoundSizeDate
LiablixSeed2025
FleequidSeed2025
EvidenceHuntPre-seed$1m2024
NorthLadderSeed2022
Vintage Cash CowSeed2018
ShyppleSeed2018
AlleoSeed2023
reverse.supplySeed2022
CayaSeed2018
KennekSeed2022

Frequent co-investors

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