Amsterdam-based venture capital firm henQ announces the launch of its third fund, henQ III worth a record amount of 50 million euro. The fund will be used by henQ partners Herman Hintzen, Coen van Duiven and Floris van Alkemade to invest in promising software startups. “henQ is the only Dutch VC firm that dares to invest in early stage companies, in need of seed investments from 100k and has the ability to continue to invest in next rounds up to 10 million euro”, says Van Duiven.
henQ wants to invest early stage, despite the risks. This, according to the investors, is needed to make sure that ambitious young companies come to fruition as soon as possible and create some true big international successes founded in Holland. Practically all Dutch VC-firms only dare to invest when a startup has already proven itself, henQ in contrast choses to get involved from the very early stages. And continues to invest to the point where a company is ready for the big international investment parties, especially in the USA. “henQ has the network, experience and resources to do so”, says Van Duiven. “We can create a gateway to international success, and the US in particular.”
Fertile investments in fast growing tech companies, such as Mendix, Xite, SEOshop and Boostermedia, as well as successful exits like Wakoopa, Immidio, Mirror42, BackupAgent and Videostrip have put henQ on the map. The current portfolio moreover includes promising startups like Studytube, Monolith and Housing Anywhere. “We manage a portfolio worth 75 million euro in total, which makes us an important player in the early stage investment scene of The Netherlands”, says Van Duiven. “ There is an increasing need of this form of capital.”
The henQ III fund focuses on growing (Dutch) software companies with a scalable b2b platform and recurring monthly revenue. Due to participating in startups like SEOshop, henQ has specialised knowledge in and experience with marketing software solutions desingned for SME’s. “ This is still an unexplored and difficult to reach market in shich we can add a lot of value”, says Van Duiven. henQ III is backed by several (software & internet) entrepreneurs and family offices who share both their network and a parts of their capital to stimulate entrepreneurial success. The European Investment Fund also contributes to henQ III.
The team of henQ expects to finance up to twenty companies out of henQ III, most of which will be entering as qualifier (with a seed investment of 100-500k). Successful companies can count on follow-up rounds up to 10 million euro. henQ also co-invests with other (international) firms. “By investing together we can guarantee effectiveness and operational strength for our startups”, says Van Duiven. “This way they are able to scale-up faster.” henQ is therefore also looking for entrepreneurs with with “guts, ambition and perseverance . ”
henQ was founded in 2006 by Herman Hintzen and Coen van Duiven. Floris van Alkemade (Solid Ventures) joined the team when the third find ws set up. The team of henQ has a lot of entrepreneurial experience and loves software startups – both enterprise and SaaS. henQ invests early stage to secure an optimal strategy , but we are never in the driver’s seat of a company. Rather we are a sparring partner on the road to success. henQ’s portfolio includes companies like Casengo , Mendix and Xite.