November 11, 2020

LevelUp Ranks #31 at FD Gazellen 2020

Aik Deveneijns
Aik Deveneijns Founder/CEO

Another year of growth means another year of nominations for the FD Gazellen Awards 2020. What does that entail? LevelUp Ventures is among the 771 fastest-growing companies in the Netherlands for the second year in a row.

The growth of LevelUp Ventures in 2019

The FD Gazellen evaluates the nominees based on their revenue growth for the past three calendar years (2017-2019). On average, the 772 fastest-growing companies in the Netherlands grow at a rate of 67-69%;
fd gazellen 2020

The nomination for 2019 brought us to #51 among the 771 fastest-growing companies, as our growth rate in revenue was +139% between 2016 and 2018. We have reached a significantly better position for this year’s FD Gazellen Awards, as our growth rate doubled, reaching +276%. 

Ranking #31 among the fastest-growing companies in the Netherlands

On the 19th of November, FD announced the fastest-growing companies in the Netherlands, in an online award ceremony. LevelUp Ventures ranked on the 31st place in the top 100 FD Gazellen and the 9th place among small companies in the West. Picture this: taking into consideration that there are 297.000 companies with more 1 employee, ranking #31 places the LevelUp team in the top 0,01% fastest-growing companies. 

FD Gazellen 2020

How did we reach this growth in 2019?

In 2019 we have added over 50 startups, scaleups, and VC investors to our customer base. We grew teams for companies like Harver, Geophy, Wehkamp, and Deliverect, some of them being backed by global tier-1 Venture funds: Index Ventures, Insight Partners and Softbank. 
Our data and experiment-driven strategy really paid off for us and the startup ecosystem as a whole. We reduced the average cost per hire from 20% to 17% of yearly salary, we deployed new ways of organizing & communicating, as well as testing Agile Recruiting.

What are the FD Gazellen Awards?

FD Gazellen awards are presented every year by Het Financieele Dagblad, a Dutch news platform, to the fastest-growing companies in the Netherlands. One of the main criteria for qualifying for an award is to have an average increase in revenue growth of at least 20% over a period of three years. However, to be among the fastest-growing companies, revenue growth is only the tip of the iceberg. The nominees need to fulfill the following:
  • Growth over the three-year period has been uninterrupted;
  • In the first year the turnover is at least € 250,000;
  • The net result must be positive in the last year and loss-making for a maximum of one year in the previous two years.
For more information about FD Gazellen Awards 2020, you can read on
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