Dealroom Deep Dive

Netherlands

The latest data and trends in Dutch startups, venture capital, exits and innovation.

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Raised in Q1 2026
$1.1B
VC funding · closed quarter
Raised in 2025
$3.2B
VC funding · full year 2025
Combined enterprise value
$301.2B
VC-backed Dutch startups · founded 1990+
Unicorns
42
$1B+ valuation or exit

Annual venture capital

Funding into Dutch startups has grown nearly tenfold over the past five years, reaching $3.2B in 2025. With $1.6B raised in the first 5 months of 2026, the full year is on track to land at $3.9B, a +19% change versus 2025. The chart below shows annual funding totals; the latest year is annualised from observed-to-date data and represents the renderer's projection, not a closed quarter.

Quarterly venture capital

Yearly totals mask the quarter-by-quarter rhythm. The chart below shows Dutch startups funding raised in each of the last 21 complete quarters through Q1 2026. All bars are actual closed-quarter sums, no projections, no in-progress quarters.

Netherlands share of European venture capital

Dutch's share of European venture capital tracks how much of Europe's startup capital lands in this market. In 2016, Dutch startups accounted for 3.6% of European VC funding; by 2026 the share had reached 4.2%. The chart below splits each year's total European VC funding into Dutch on the bottom and the rest of the market on top.

Dutch venture capital raised by stage

How capital deployed into Dutch startups is split across round sizes. In the trailing four quarters, 41% of capital landed in scaleup ($100M+) rounds, 39% in breakout ($15–100M), and 20% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q1 2022 → Q1 2026.

Dutch venture capital raised by stage, quarterly

Startup

Breakout

Scaleup

Most active investors in the Netherlands

The most active investors in Dutch startups ranked by the number of disclosed rounds they've participated in. Antler leads with 96 rounds, followed by Startupbootcamp at 76. The table shows the top ten with their firm type, in-scope round count, total portfolio size, and headquarters.

Most active Dutch investors

#InvestorTypeInvestmentsPortfolioHQ
1 Accelerator 96 1,918 Singapore, Singapore
2 Accelerator 76 514 Amsterdam, Netherlands
3 Venture capital 61 298 Luxembourg, Luxembourg
4 Accelerator 50 428 Munich, Germany
5 Accelerator 42 245 Amsterdam, Netherlands
6 Accelerator 39 6,920 Mountain View, United States
7 Accelerator 32 183 Amsterdam, Netherlands
8 Accelerator 24 2,274 New York City, United States
9 Venture capital 21 667 London, United Kingdom
10 Venture capital 21 779 New York City, United States

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Source: Dealroom.co

Top companies

Two views of leadership in Dutch startups: the most-funded companies all-time on the left, and the hottest companies right now by Dealroom Signal on the right. Total-funding figures include all capital sources tracked by Dealroom (VC plus grants, project finance, and other instruments). Signal is Dealroom's live growth ranking, these are the firms with the strongest recent momentum across team, timing, growth, and completeness.

Top funded

All-time total funding (includes non-VC sources)

  1. 1PicnicAmsterdam-Duivendrecht, Netherlands$1.9B
  2. 2BirdAmsterdam, Netherlands$1.1B
  3. 3MollieAmsterdam, Netherlands$865M
  4. 4MewsAmsterdam, Netherlands$718M
  5. 5Axelera AIEindhoven, Netherlands$448M
  6. 6MambuAmsterdam, Netherlands$427M
  7. 7bunqAmsterdam, Netherlands$404M
  8. 8Acerta PharmaOss, Netherlands$371M
  9. 9AdyenAmsterdam, Netherlands$323M
  10. 10Leyden LabsLeiden, Netherlands$291M
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Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1FramerAmsterdam, Netherlands96
  2. 2DottAmsterdam, Netherlands96
  3. 3DestinusValkenburg, Netherlands95
  4. 4AR-ProductiesAmsterdam, Netherlands95
  5. 5PicnicAmsterdam-Duivendrecht, Netherlands95
  6. 6TebiAmsterdam, Netherlands94
  7. 7Nearfield InstrumentsRotterdam, Netherlands94
  8. 8AzerionSchiphol-Rijk, Netherlands94
  9. 9QuantwareDelft, Netherlands93
  10. 10FinomAmsterdam, Netherlands93
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Source: Dealroom.co

Top Dutch metros

How Netherlands stacks up against its global VC peers, with Netherlands highlighted. The chart ranks the top countries; alongside it, the leading Amsterdam metro region leads the city ranking with $2.0B. Use the metric pills, and the dropdown, to switch view.

Top metro regions

Dutch startups venture capital by metro · Last 12 months to end of Q1 2026

  1. 1AmsterdamNetherlands$2.0B
  2. 2EindhovenNetherlands$598M
  3. 3UtrechtNetherlands$297M
  4. 4Rotterdam - The HagueNetherlands$201M
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Top metro regions

Dutch startups venture capital by metro · Full year 2025

  1. 1AmsterdamNetherlands$1.7B
  2. 2EindhovenNetherlands$307M
  3. 3Rotterdam - The HagueNetherlands$239M
  4. 4UtrechtNetherlands$204M
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Top metro regions

Dutch startups venture capital by metro · Q1 2026

  1. 1AmsterdamNetherlands$597M
  2. 2EindhovenNetherlands$395M
  3. 3UtrechtNetherlands$103M
  4. 4Rotterdam - The HagueNetherlands$36M
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Top metro regions

Dutch startups enterprise value by metro

  1. 1AmsterdamNetherlands$223.3B
  2. 2UtrechtNetherlands$11.2B
  3. 3Rotterdam - The HagueNetherlands$10.2B
  4. 4EindhovenNetherlands$7.5B
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Top metro regions

Dutch startups unicorns by metro

  1. 1AmsterdamNetherlands24
  2. 2EindhovenNetherlands3
  3. 3Rotterdam - The HagueNetherlands2
  4. 4UtrechtNetherlands1
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The Netherlands on the map

Where Dutch startups are based, each region shaded by its number of VC-backed startups. Darker means denser; hover a region for its count.

Notable rounds

Over the last 12 months (through Jun 2026), the largest VC rounds in Dutch startups reveal where capital is consolidating. The table below lists the 15 biggest disclosed rounds by amount, with date, company, round type, and lead investors. Funding events without a public amount are excluded; acquisitions sit in the Unicorns & Exits section.

Biggest Dutch rounds · Last 12 months to end of Q1 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Nov 2025Picnic$473MGROWTH EQUITY VC,
Jan 2026Mews$300MSERIES DEQT Group
Feb 2026Axelera AI$250MSERIES CInnovation Industries
Sep 2025Destinus$154MCONVERTIBLE,
May 2025Azafaros$145MSERIES BForbion Capital Partners, Jeito Capital
Jun 2025Finom$126MSERIES CAtlantic Vantage Point
Aug 2025Framer$100MSERIES DMeritech Capital, Atomico
Sep 2025ViCentra$80MSERIES DInnovation Industries
Mar 2026RIFT$73MSERIES BPGGM Investments
May 2025Toloka$72MLATE VCNebius, Bezos Expeditions
Mar 2026Vitestro$70MSERIES BInterVest, EIC Fund
Sep 2025HyET$66MGROWTH EQUITY VC,
May 2025Salvia BioElectronics$58MSERIES BInnovation Industries
Apr 2025Avidicure$48MSEEDEQT Life Sciences
Feb 2026Onodrim Industries$44MSEEDFounders Fund, Lakestar
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Biggest Dutch rounds · Full year 2025 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Nov 2025Picnic$473MGROWTH EQUITY VC,
Sep 2025Destinus$154MCONVERTIBLE,
May 2025Azafaros$145MSERIES BJeito Capital, Forbion Capital Partners
Jun 2025Finom$126MSERIES CAtlantic Vantage Point
Aug 2025Framer$100MSERIES DMeritech Capital, Atomico
Sep 2025ViCentra$80MSERIES DInnovation Industries
Mar 2025Mews$75MLATE VCTiger Global
May 2025Toloka$72MLATE VCNebius, Bezos Expeditions
Jan 2025Leyden Labs$70MLATE VCPolaris Partners, ClavystBio
Sep 2025HyET$66MGROWTH EQUITY VC,
Jan 2025Alesta Therapeutics$65MSERIES AFrazier Life Sciences, Droia Oncology Ventures
May 2025Salvia BioElectronics$58MSERIES BInnovation Industries
Apr 2025Avidicure$48MSEEDEQT Life Sciences
Feb 2025Piano$45MSERIES DUpdata Partners
Nov 2025Overstory$43MSERIES BBlume Equity
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Biggest Dutch rounds · Q1 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Jan 2026Mews$300MSERIES DEQT Group
Feb 2026Axelera AI$250MSERIES CInnovation Industries
Mar 2026RIFT$73MSERIES BPGGM Investments
Mar 2026Vitestro$70MSERIES BInvest-NL, PGGM Investments
Feb 2026Onodrim Industries$44MSEEDGeneral Catalyst, Lakestar
Mar 2026Getworkflex$41MGROWTH EQUITY VCSpectrum Equity
Mar 2026Silverflow$41MSERIES BPicus Capital
Feb 2026Duna$33MSERIES ACapitalG
Feb 2026Stacks$23MSERIES ALightspeed Venture Partners
Mar 2026OpenUp$22MLATE VCRubio Impact Ventures, Smartfin
Jan 2026Qualinx$22MSERIES BInvest-NL
Jan 2026ShanX Medtech$16MSEEDNextGen Ventures, BOM - Brabant Regional Development Agency
Feb 2026ValkaAI$13MSEEDRockaway Ventures
Jan 2026Klearly$13MSERIES APayPal Ventures
Jan 2026ViCentra$12MSERIES DROM Utrecht Region - Regional Development Agency, Innovation Industries
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Source: Dealroom.co · Updated 17 Jun 2026

Leading industries

Which industries pull in the most venture capital across Dutch startups, and where does the Dutch punch above its weight versus the rest of the world? Use the toggle to switch between absolute VC funding and each industry's over/under-index, and to change the time window. Over the last 12 months (to end of Q1 2026), AI leads at $1.4B, and the Dutch over-indexes in Food, Semiconductors, Energy, and under-indexes most in Marketing, Gaming, AI relative to the rest of the world. Industries are tracked through Dealroom's industry tags, which overlap, a company spanning, say, AI and fintech is counted in both, so these show where capital concentrates, not a mutually exclusive split of the total.

Unicorns & exits

Dutch startups have minted 42 unicorns to date. Dealroom defines a unicorn as a company that has reached a $1B+ valuation or exit (verified and manually reviewed; other lists use different criteria, this is ours). Of those, 3 are decacorns at a $10B+ valuation: Booking.com, BE Semiconductor Industries and Adyen. The ecosystem also counts 46 thoroughbreds: companies generating $100M+ in revenue (a separate lens from unicorns, with some overlap). The chart below shows the cumulative count climbing each year, with the line tracking new unicorns minted in that year, peaking at 8 in 2021. On exits, the sector has produced 527 tracked acquisitions since 2010 representing $62.3B in disclosed value. Notable acquisitions in the data include Interxion ($8.4B, 2019), followed by Just Eat Takeaway.com | Takeaway.com ($8.4B, 2020), Merus ($8.0B, 2025).

The Dutch startup funnel

Entrepreneurship is a power law. Of every Dutch startup founded, only a fraction attract venture capital, and far fewer climb each successive funding level. This funnel traces VC-backed Dutch startups from first cheque through to the rarest valuation outcomes. Mouth figures are annual means (2010–2024); pool stages count VC-backed companies founded since 1990 by total funding.

Loading funnel…

Fetching data.

Pool of VC-Backed Startups
$100K+ total funding

The Dutch academic flywheel

Dutch universities are an engine room of the startup economy: the schools whose alumni found the most unicorns and venture-backed companies, and the research that spins out into them.

Universities by alumni-founded unicorns

UniversityAlumni unicornsAlumni EV
TU Delft000$0.0T
Eindhoven University of Technology000$0.0T
University of Amsterdam000$0.0T
Utrecht University000$0.0T

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Dutch startup IP & patents

The patent portfolio behind Dutch startups: granted patent families, intensity per capita, and where the IP concentrates.

Patent families by Dutch startup hub

HubPatent families
Amsterdam00,000
Eindhoven00,000
Utrecht00,000
Rotterdam00,000

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Nina Chaloum
Curated byNina ChaloumEcosystems Research Lead, Dealroom

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