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Will Travelbird's moratorium lead to bankruptcy?

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Dear reader, It has been an exciting week in the Benelux technology scene. But not always for good re
 
November 5 · Issue #2 · View online
Silicon Canals
Dear reader,
It has been an exciting week in the Benelux technology scene. But not always for good reasons. The prolific Dutch travel-tech scale-up Travelbird seized operations due to financial distress. Undoubtedly, the moratorium will lead to bankruptcy. 💸
We’re not surprised, as we reported about the wonky financial status of the company and an imminent crash, back in 2016. 😤
One thing we can all learn about this ordeal, it’s that raising capital timely enough matters. So, together with our new partner Seedrs, here are the top five reasons why you should consider crowdfunding when raising. 💰
Talking about capital, the annual Quote 500 rich list is out, and, no surprise, IPO-darling Adyen delivers plenty of tech nouveau-riches. Here’s the full list of noteworthy tech-millionaires (one royal and even a fresh billionaire)! 🤑
Is your startup tackling severe societal challenges? Then don’t forget to apply for the Ministry of Justice and Security’s Startups in Residence programme (only three days left!!). 🤩
Accenture Innovation Awards had its own awkward little Oscar moment, when accidentally Helpr got announced as a winner in the education category. Want to know the real winners? Here they are, go check them out! 🏆
Looking to launch your (deep tech) scale-up in Germany? Together with our partner EIT Digital, we have composed a few tips how to do it properly. 🚀
Or are you seeking ways to accelerate your startup in the Netherlands? Here are the most active accelerators and incubators that can help out.
Not enough reading for you? Check out our other top-stories of last week below. 👇
Best,
Remco Janssen
Founder and publisher, Silicon Canals
NB: We’re growing 30% a month, with a 42k all-time high in pageviews in October. Contact me if you’d like to partner with us or post your jobs on our free job-board.

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