Following a partnership with investor Mentha, we have decided to accelerate Amsterdam Data Collective’s (ADC) expansion in the Nordics by merging with a consultancy based in Denmark and Sweden: DAMVAD Analytics (DAMVAD). Continue reading to learn more about this decision, including our fast growth, our expansion in Denmark and Sweden, similarities with DAMVAD, and choice to partner with Mentha.
Since 2017, our team at Amsterdam Data Collective (ADC) has helped organisations become more data-driven, particularly within the financial, healthcare, and public sectors.
Our Collective has grown to more than 80 employees in five years by focusing on sector specialisation and refining a collective company culture of people who share a common goal of making a positive impact. The FD Gazellen Awards 2022 revealed the success of our Collective culture, since we were in the top 20 fastest growing companies in the Netherlands for two years in a row. Next to that, we received multiple Great Place to Work certifications based on employee surveys.
Expansion to Denmark and Sweden
Our international expansion began earlier this year with an office in Copenhagen. We are now taking the next steps to accelerate our expansion by merging with DAMVAD Analytics, a data science consultancy based in Denmark and Sweden.
Meanwhile, ADC employees remain shareholders and our services remain unchanged. Our buy-and-build strategy enables us to offer our complete Data-Driven Organisation proposition to the Nordic market, with experts in data strategy, data engineering, data science and data visualisation.
“Following the opening of the Amsterdam Data Collective office in Copenhagen, the investment by Mentha provides ADC with the opportunity to accelerate growth in the Nordics. As part of this plan, ADC will merge with Damvad Analytics, a data science and strategy consultancy based in Denmark and Sweden. We believe the added diversity and expertise will lead us to create better solutions with more impact.”
-Rik van der Woerdt, Co-Founder and CEO of Amsterdam Data Collective
About DAMVAD Analytics
DAMVAD Analytics has a strong presence in pharmaceuticals, financial services, the public sector, and philanthropy. The team consists of around 30 consultants in Copenhagen and Stockholm. Furthermore, the past year has shown us the vast similarities between Danish and Dutch cultures, and we are already noticing many signs of an emerging collective culture at DAMVAD.
“DAMVAD Analytics complements Amsterdam Data Collective, shares similar values, and is involved in integrated data science projects. With the right post-merger integration setup, the lessons learned can be used to further grow Amsterdam Data Collective.”
-Torben Bundgaard Vad, Founder of Damvad Analytics
Mentha is an independent private equity firm active in the lower end of the mid-market. They invest in established, mid-sized and profitable companies with clear opportunities for growth along multiple avenues, such as organic growth, expansion in new markets or through buy-and-build.
Moreover, Mentha likes to team up with entrepreneurs and enterprising management teams to jointly realise ambitious growth plans. With its companies, Mentha seeks an active approach that is based on true entrepreneurship, growth acceleration and transformation, and is spurred by the human factor and sustainability.
“We value ADC for its collective culture and their drive to use data science to make a positive impact. Together with the enterprising team, we expect to continue ADC’s strong growth track by attracting and retaining talent, developing innovative integrated data science solutions and accelerating expansion through an international buy-and-build strategy.”
-Dirk Vriend, Investment Director of Mentha