Netherlands

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

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Raised in Q3 2026
$1.3B
VC funding · closed quarter
Raised in 2026 Q1-3
$3.3B
VC funding · year to date
Combined enterprise value
$413.1B
VC-backed Dutch startups · founded 1990+
Unicorns
47
$1B+ valuation or exit

Annual venture capital

Funding into Dutch startups has grown nearly tenfold over the past five years, reaching $3.3B in 2025. With $3.3B raised in the first 9 months of 2026, the full year is on track to land at $4.4B, a +31% 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 Q3 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 3.2% of European VC funding; by 2026 the share had reached 4.9%. 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, 52% of capital landed in scaleup ($100M+) rounds, 33% in breakout ($15–100M), and 15% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q3 2022 → Q3 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 VC rounds they've participated in. BOM - Brabant Regional Development Agency leads with 203 rounds, followed by NLC Health Ventures at 131. The table shows the top ten with their firm type, the rounds they've joined and the companies they've backed here (follow-on rounds make the first larger), and headquarters.

Most active Dutch investors

#InvestorTypeDutch roundsDutch companiesHQ
1 Venture capital 203 134 Tilburg, Netherlands
2 Accelerator 131 58 Amsterdam, Netherlands
3 Venture capital 123 89 Apeldoorn, Netherlands
4 Other 121 107 Amsterdam, Netherlands
5 Other 112 73 Amsterdam, Netherlands
6 Other 99 92 Amsterdam, Netherlands
7 Accelerator 97 77 Singapore, Singapore
8 Venture capital 92 84 The Hague, Netherlands
9 Venture capital 91 61 The Hague, Netherlands
10 Venture capital 79 66 Rotterdam, Netherlands

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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. 4WonderfulAmsterdam, Netherlands$849M
  5. 5Nearfield InstrumentsRotterdam, Netherlands$628M
  6. 6Axelera AIEindhoven, Netherlands$448M
  7. 7MambuAmsterdam, Netherlands$427M
  8. 8MewsAmsterdam, Netherlands$418M
  9. 9NewAmsterdam PharmaNaarden, Netherlands$411M
  10. 10bunqAmsterdam, Netherlands$404M
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Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1WonderfulAmsterdam, Netherlands96
  2. 2DestinusValkenburg, Netherlands96
  3. 3FramerAmsterdam, Netherlands96
  4. 4MedalNaarden, Netherlands96
  5. 5QuantwareDelft, Netherlands94
  6. 6Nearfield InstrumentsRotterdam, Netherlands94
  7. 7TebiAmsterdam, Netherlands94
  8. 8PicnicAmsterdam-Duivendrecht, Netherlands93
  9. 9OneleetAmsterdam, Netherlands93
  10. 10MonumentalAmsterdam, 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 $1.3B in 2026 Q1-3 (year to date). 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 Q3 2026

  1. AmsterdamNetherlands$2.2B
  2. EindhovenNetherlands$839M
  3. Rotterdam - The HagueNetherlands$777M
  4. UtrechtNetherlands$197M
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Top metro regions

Dutch startups venture capital by metro · 2026 Q1-3 (year to date)

  1. AmsterdamNetherlands$1.3B
  2. EindhovenNetherlands$805M
  3. Rotterdam - The HagueNetherlands$719M
  4. UtrechtNetherlands$157M
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Top metro regions

Dutch startups venture capital by metro · Q3 2026

  1. AmsterdamNetherlands$844M
  2. EindhovenNetherlands$343M
  3. Rotterdam - The HagueNetherlands$6M
  4. UtrechtNetherlands$880K
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Top metro regions

Dutch startups enterprise value by metro

  1. AmsterdamNetherlands$337.5B
  2. Buenos AiresArgentina$121.7B
  3. Rotterdam - The HagueNetherlands$15.1B
  4. UtrechtNetherlands$13.5B
  5. EindhovenNetherlands$11.5B
  6. Buffalo – Niagara FallsUnited States$5.7B
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Top metro regions

Dutch startups unicorns by metro

  1. AmsterdamNetherlands30
  2. Buenos AiresArgentina9
  3. Rotterdam - The HagueNetherlands3
  4. EindhovenNetherlands2
  5. UtrechtNetherlands1
  6. Buffalo – Niagara FallsUnited States1
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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

In 2026 Q1-3 (year to date), the largest VC rounds in Dutch startups reveal where capital is consolidating. The table below lists the 15 biggest rounds by amount, with date, company, round type, and lead investors; rounds without a public amount sit at the bottom with the amount left blank. Exits sit in the Unicorns & Exits section.

Biggest Dutch rounds · Last 12 months to end of Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Sep 2026Wonderful$550MSERIES CInsight Partners
Nov 2025Picnic$473MGROWTH EQUITY VCBill & Melinda Gates Foundation, Edeka
Jun 2026Nearfield Instruments$380MSERIES DFidelity Investments
Feb 2026Axelera AI$250MSERIES CInnovation Industries
Sep 2026Euclyd$231MSERIES AEQT Group, Innovation Industries
May 2026Quantware$167MSERIES BETF Partners, FORWARD.one
Mar 2026Wonderful$150MSERIES BInsight Partners
Nov 2025Wonderful$100MSERIES AIndex Ventures
Mar 2026RIFT$73MSERIES BPGGM Investments
Mar 2026Vitestro$70MSERIES BEIC Fund, Frederic Moll
Jun 2026Eye Security$66MSERIES CSofina
Sep 2026Fortaegis$50MEARLY VCSerendipity Capital
Jun 2026TargED$44MSERIES ACurie Capital, EIC Fund
Sep 2026Morphotonics$44MEARLY VC3M Ventures, BOM - Brabant Regional Development Agency
Aug 2026Kynexis$44MSERIES ANovartis Venture Fund
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Biggest Dutch rounds · 2026 Q1-3 (year to date) (Top 15 rounds)

DateCompanyAmountRoundLead investors
Sep 2026Wonderful$550MSERIES CInsight Partners
Jun 2026Nearfield Instruments$380MSERIES DFidelity Investments
Feb 2026Axelera AI$250MSERIES CInnovation Industries
Sep 2026Euclyd$231MSERIES AEQT Group, Innovation Industries
May 2026Quantware$167MSERIES BETF Partners, FORWARD.one
Mar 2026Wonderful$150MSERIES BInsight Partners
Mar 2026RIFT$73MSERIES BPGGM Investments
Mar 2026Vitestro$70MSERIES BEIC Fund, Frederic Moll
Jun 2026Eye Security$66MSERIES CSofina
Sep 2026Fortaegis$50MEARLY VCSerendipity Capital
Jun 2026TargED$44MSERIES ACurie Capital, EIC Fund
Sep 2026Morphotonics$44MEARLY VC3M Ventures, BOM - Brabant Regional Development Agency
Aug 2026Kynexis$44MSERIES ANovartis Venture Fund
Jun 2026Leyden Labs$44MLATE VCBill & Melinda Gates Foundation, ClavystBio
May 2026eyeo$44MSERIES AInnovation Industries
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Biggest Dutch rounds · Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Sep 2026Wonderful$550MSERIES CInsight Partners
Sep 2026Euclyd$231MSERIES AEQT Group, Innovation Industries
Sep 2026Fortaegis$50MEARLY VCSerendipity Capital
Sep 2026Morphotonics$44MEARLY VC3M Ventures, BOM - Brabant Regional Development Agency
Aug 2026Kynexis$44MSERIES ANovartis Venture Fund
Aug 2026Ore Energy$43MSERIES AHV Capital, Plural
Jul 2026Monumental$32MSERIES BKhosla Ventures
Jul 2026Crisp$28MLATE VCKersting Holding
Jul 2026Carbeau$26MEARLY VCAl Baleed Petrochemical, GKT
Jul 2026Keiron$23MSERIES ADeeptechXL Fund, Invest-NL
Jul 2026Xeltis$23MLATE VCHorizon 3 Healthcare
Aug 2026VitalFluid$19MSERIES AInvest-NL
Jul 2026Dutch Clean Tech$16MLATE VC
Sep 2026Matisse Pharmaceuticals$15MSERIES ABrightlands Venture Partners, LIOF - Limburg Regional Development Agency
Sep 2026NovaGen Group$10MCONVERTIBLEGeoNova Capital
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Source: Dealroom.co · Updated 12 Oct 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. In 2026 Q1-3 (year to date), AI leads at $1.6B, and the Dutch over-indexes in Semiconductors, Food, Health, and under-indexes most in Space, Gaming, Transportation 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 47 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, 4 are decacorns, companies at a $10B+ valuation. The ecosystem also counts 48 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 9 in 2021. On exits, the sector has produced 338 tracked exits since 2019 representing $37.5B in disclosed value. Notable exits in the data include Interxion ($8.4B, 2019), followed by Merus ($8.0B, 2025), Just Eat Takeaway.com ($4.5B, 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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