Netherlands Tech Update Q1 2025

The state the Netherlands venture ecosystem and a look at activity for Q1 2025. Historical and international benchmarks, sector trends and biggest rounds.

Key findings

• Dutch startups raised $511.6M in Q1 2025, in line with the previous three quarters but well short of the $1.2B raised in Q1 2024.
• Dutch startups closed 33 rounds of $2M or more in 2025 so far, the second lowest deal frequency of the last five years.
• No Dutch startup raised a round of $100M or more in Q1 2025, leaving late-stage investment at zero for the quarter.
• Health was the top funded Dutch sector in Q1 2025 with $160.7M, ahead of fintech at $95.6M.
• Amsterdam ranked 11th among European cities for VC investment in Q1 2025 with $248M, down 67% on the same period in 2024.