Dealroom Deep Dive

Netherlands

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

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Raised in Q2 2026
$1.2B
VC funding · closed quarter
Raised in 2025
$3.2B
VC funding · full year 2025
Combined enterprise value
$305.5B
VC-backed Dutch startups · founded 1990+
Unicorns
44
$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 $2.3B raised in the first 6 months of 2026, the full year is on track to land at $4.6B, a +44% 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 Q2 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 5.0%. 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, 47% of capital landed in scaleup ($100M+) rounds, 36% in breakout ($15–100M), and 17% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q2 2022 → Q2 2026.

Dutch venture capital raised by stage, quarterly

Startup

Breakout

Scaleup

Most active investors in the Netherlands

No investors with disclosed in-scope rounds.

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. 5Nearfield InstrumentsRotterdam, Netherlands$628M
  6. 6Axelera AIEindhoven, Netherlands$448M
  7. 7MambuAmsterdam, Netherlands$427M
  8. 8bunqAmsterdam, Netherlands$404M
  9. 9Acerta PharmaOss, Netherlands$371M
  10. 10Leyden LabsLeiden, Netherlands$335M
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Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1FramerAmsterdam, Netherlands96
  2. 2DottAmsterdam, Netherlands96
  3. 3DestinusValkenburg, Netherlands95
  4. 4PicnicAmsterdam-Duivendrecht, Netherlands95
  5. 5TebiAmsterdam, Netherlands94
  6. 6Nearfield InstrumentsRotterdam, Netherlands94
  7. 7QuantwareDelft, Netherlands93
  8. 8ShanX MedtechEindhoven, Netherlands93
  9. 9Alesta TherapeuticsLeiden, 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 $1.7B. 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 Q2 2026

  1. 1AmsterdamNetherlands$1.7B
  2. 2Rotterdam - The HagueNetherlands$861M
  3. 3EindhovenNetherlands$582M
  4. 4UtrechtNetherlands$307M
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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$226M
  4. 4UtrechtNetherlands$205M
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Top metro regions

Dutch startups venture capital by metro · Q2 2026

  1. 1Rotterdam - The HagueNetherlands$738M
  2. 2EindhovenNetherlands$111M
  3. 3UtrechtNetherlands$54M
  4. 4AmsterdamNetherlands$47M
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Top metro regions

Dutch startups enterprise value by metro

  1. 1AmsterdamNetherlands$226.2B
  2. 2Rotterdam - The HagueNetherlands$11.4B
  3. 3UtrechtNetherlands$11.2B
  4. 4EindhovenNetherlands$7.5B
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Top metro regions

Dutch startups unicorns by metro

  1. 1AmsterdamNetherlands26
  2. 2Buenos AiresArgentina8
  3. 3EindhovenNetherlands3
  4. 4Rotterdam - The HagueNetherlands3
  5. 5Buffalo – Niagara FallsUnited States1
  6. 6UtrechtNetherlands1
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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 Jul 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 Q2 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Nov 2025Picnic$473MGROWTH EQUITY VC,
Jun 2026Nearfield Instruments$380MSERIES DFidelity Investments
Jan 2026Mews$300MSERIES DEQT Group
Feb 2026Axelera AI$250MSERIES CInnovation Industries
May 2026Quantware$167MSERIES BGraduate Ventures, Ground State Ventures
Sep 2025Destinus$154MCONVERTIBLE,
May 2026Earthian AI$112MSEEDRabobank, Nvidia Inception
Aug 2025Framer$100MSERIES DAtomico, Meritech Capital
Sep 2025ViCentra$80MSERIES DInnovation Industries
Mar 2026RIFT$73MSERIES BPGGM Investments
Mar 2026Vitestro$70MSERIES BROM Utrecht Region - Regional Development Agency, PGGM Investments
Jun 2026Eye Security$66MSERIES CSofina
Sep 2025HyET$66MGROWTH EQUITY VC,
Jun 2026TargED$44MSERIES AKurma Partners, EIC Fund
Jun 2026Leyden Labs$44MLATE VCBill & Melinda Gates Foundation, EIC Fund
See every round in Dealroom

Biggest Dutch rounds · Full year 2025 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Nov 2025Picnic$473MGROWTH EQUITY VC,
Sep 2025Destinus$154MCONVERTIBLE,
May 2025Azafaros$145MSERIES BForbion Capital Partners, Jeito Capital
Jun 2025Finom$126MSERIES CAtlantic Vantage Point
Aug 2025Framer$100MSERIES DAtomico, Meritech Capital
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 ADroia Oncology Ventures, Frazier Life Sciences
May 2025Salvia BioElectronics$58MSERIES BInnovation Industries
Apr 2025Avidicure$48MSEEDEQT Life Sciences
Feb 2025Piano$45MSERIES DUpdata Partners
Nov 2025Overstory$43MSERIES BBlume Equity
See every round in Dealroom

Biggest Dutch rounds · Q2 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Jun 2026Nearfield Instruments$380MSERIES DFidelity Investments
May 2026Quantware$167MSERIES BIn-Q-Tel, Ground State Ventures
May 2026Earthian AI$112MSEEDNvidia Inception, Rabobank
Jun 2026Eye Security$66MSERIES CSofina
Jun 2026TargED$44MSERIES AInkef, Kurma Partners
Jun 2026Leyden Labs$44MLATE VCClavystBio, EIC Fund
May 2026eyeo$44MSERIES AInnovation Industries
Apr 2026TIBEAY BioSciences$38MEARLY VCAthos
Jun 2026Alquion$33MGROWTH EQUITY VC,
Jun 2026XIVER$28MGROWTH EQUITY VCCees Meeuwis
Jun 2026Invisix Measuring Systems$22MSEEDTransition, Hitachi Ventures
Jun 2026The Protein Brewery$20MSERIES BInvest-NL, Madeli
Jun 2026Vertoro$19MSERIES BMaersk, Invest-NL
Apr 2026Orange Quantum Systems$16MSEEDGround State Ventures, Icecat Capital
Apr 2026InBiome$16MSERIES ANATO Innovation Fund - NIF
See every round in Dealroom

Source: Dealroom.co · Updated 8 Jul 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 Q2 2026), AI leads at $1.4B, and the Dutch over-indexes in Food, Semiconductors, Fashion, 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 44 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 9 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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Relevant reports

In-depth Dealroom research relevant to this guide.
Nina Chaloum
Curated byNina ChaloumEcosystems Research Lead, Dealroom

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