Asset Manager

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Horizon Flevoland

Marco Smit runs Horizon Flevoland, the Province of Flevoland's investment arm backing ventures from agritech to logistics.

Horizon Flevoland logo

Horizon Flevoland

Horizon Flevoland was established by the Province of Flevoland, the Dutch government authority created to govern land reclaimed from the Zuiderzee. The agency functions as the province's investment vehicle, translating regional economic strategy into equity stakes in companies that align with Flevoland's spatial and industrial priorities. Marco Smit serves as Managing Director, overseeing a mandate that blends public purpose with venture-style discipline. Strategy spans early-stage startups and expansion-stage companies, with capital deployed as direct equity and occasionally alongside co-investors. Active sectors include sustainable agriculture, water technology, renewable energy, and logistics — direct extensions of a province built on agricultural land and transport corridors. Confirmed co-investment partners include NOM, the investment and development agency for the Northern Netherlands, and Invest International, the Dutch government-backed financier for globally scaling companies. Portfolio activity includes backing Econowind, a maritime wind-propulsion company scaling within Flevoland's maritime cluster, and support for startups within the Smart Innovation Hub Almere, a dedicated commercial facility in Newday Offices. Team size and total deployment figures are not publicly disclosed, but partnerships define the firm's structure. Horizon Flevoland is a member of the NVP, the Dutch Venture Capital Association, aligning it with national standards for private equity and venture practices. The agency holds a board position with the Economic Board Flevoland, reinforcing its role as the connective tissue between public capital, regional entrepreneurs, and institutional co-investors. The office footprint includes headquarters in Lelystad and commercial assets in Almere. Recent activity includes ongoing co-financing of Dutch companies with international ambitions through the Invest International collaboration. What distinguishes Horizon Flevoland is its dual identity as both a provincial government instrument and an active venture investor. Unlike standard European regional development funds that predominantly dispense grants or fixed loans, Horizon takes direct equity positions — embedding taxpayer-origin capital inside growth-oriented private enterprises. This creates a structural alignment where returns are linked to company success rather than policy consumption, making the office a rare hybrid of public mandate and market accountability.

General information

Firm type

Generalist

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

Netherlands

City

Lelystad

Corporate office

Lelystad, Netherlands

Additional offices

Almere, Netherlands

Principals

Marco Smit

Managing Director

Sector focus

AgriTech & FoodTechEnergy Transition & RenewablesMobility & TransportationEnterprise Software

Frequently asked questions

Who runs investment decisions at Horizon Flevoland?

Marco Smit serves as Managing Director and leads the agency's investment activities. He operates under the strategic oversight of the Province of Flevoland, which is the primary shareholder and founder. Investment decisions balance regional economic development goals with venture-style return expectations.

How does Horizon Flevoland source deal flow?

Deal flow originates through the province's economic development networks, the Smart Innovation Hub in Almere, and partnerships with organizations like the Economic Board Flevoland. Co-investors such as NOM and Invest International also serve as sourcing channels for companies scaling within or beyond the region.

Does Horizon Flevoland operate as a venture capital fund or a public agency?

It operates as a hybrid. Legally and economically it is an asset manager owned by the Province of Flevoland, but it takes direct equity positions in private companies rather than disbursing grants. This structural posture distinguishes it from traditional government grant agencies.

What investment stages does Horizon Flevoland target?

The mandate covers early-stage startups, including those at the seed and pre-revenue phase, through expansion- and late-stage companies. The common thread is alignment with Flevoland's sectoral priorities in agrifood, water, renewable energy, and logistics.

Does Horizon Flevoland co-invest with other public development agencies?

Yes. Confirmed co-investment relationships include NOM, the investment and development agency for the Northern Netherlands, and Invest International, the Dutch government-backed financier. These partnerships allow Horizon to participate in larger funding rounds while leveraging national networks.

What geographical scope does Horizon Flevoland cover?

The primary focus is the province of Flevoland, including the cities of Lelystad and Almere. However, through Invest International and Trade and Innovate NL, the agency supports portfolio companies with international growth ambitions, particularly those exporting Dutch agritech and water management expertise.

Is Horizon Flevoland's capital structure entirely public?

The Province of Flevoland is the primary shareholder and founder, indicating that committed capital originates from provincial government resources. Whether the agency raises external limited partner capital is not publicly disclosed, but its core structural identity remains anchored to public regional development mandates.

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