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Innovatiefonds Noord-Holland B.V. logo

Innovatiefonds Noord-Holland B.V.

NLB2B SaaSAI/MLFintechHealthtechClimateDeep TechBio/PharmaOther

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Investment thesis

Innovatiefonds Noord-Holland is a public-private fund founded in 2018 by the Province of Noord-Holland, the University of Amsterdam, Hogeschool van Amsterdam, Amsterdam UMC, and Sanquin, with support from the European Regional Development Fund. The fund provides convertible loans of €50,000–€450,000 to early-stage startups and innovative SMEs (up to 5 years old) statutorily based in the Province of Noord-Holland, specifically targeting Proof-of-Concept projects at Technology Readiness Levels (TRL) 3–5. The fund describes itself as typically the first investor in a company, supporting the technical and commercial validation stage to enable follow-on investment. It invests across a wide range of sectors — from deep tech, life sciences, and healthtech to energy, software, and fintech — and is recognised as one of the three most active investors in the Netherlands (per Dealroom). High-risk, early-stage innovation is explicitly welcomed.

Notable quotes

Per 17 maart opent Innovatiefonds Noord-Holland VFFRNH-II: een nieuw fonds van €5 miljoen voor vroegefasefinanciering. De maximale investering is voor zowel VFFRNH II als POC2 verhoogd naar €450.000.

Ludolf Stavenga · LinkedIn post by Innovatiefonds Noord-Holland, March 2025 · 2025-03-17

We support innovation in the province of North Holland and are the third most active investor in The Netherlands (according to Dealroom). Typically we are the first investor.

Innovatiefonds Noord-Holland team · OpenVC investor profile, Innovatiefonds Noord-Holland

We fund the technical and commercial validation stage of your startup to obtain follow-on investment. High risk = no problem.

Innovatiefonds Noord-Holland team · OpenVC investor profile, Innovatiefonds Noord-Holland

Team

Ilmatar Lutje Schipholt

Investment Manager

HealthtechBio/PharmaDeep Tech

Jenny Tsin

Junior Investment Manager

Ludolf Stavenga

Fund Manager & Statutory Director

Deep TechHealthtechClimateB2B SaaS

Morris Huismans

Junior Investment Analyst

Wessel van der Woude

Investment Manager

B2B SaaSDeep TechClimate

Recent investments

CompanyRoundSizeDate
VolticoSeed$1m2026-01-13
Bosun.aiSeed$350k2026-01-01
LumenirisSeed$410k2025-12-22
ReavantSeed$350k2024-01-01
HydryxSeed$390k2024-01-01
LalalandSeed$220k2021-01-27
KatanoxConvertible Note$330k2021-02-10
DymeSeed2020-01-01
ImmageneSeed2020-09-29
SanaGenConvertible Note$330k2020-10-14

Frequent co-investors

VC firmDeals together
UvA Ventures Holding5
Graduate Ventures3
Swanbridge Capital2
Dutch Operator Fund2
BOM (Brabantse Ontwikkelingsmaatschappij)2
Invest-NL2

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