Top Investor

The top 10 most active VC investors in Dutch startups

April 22, 2019
(Noppasin Wongchum/iStock/Getty Images Plus)

The Netherlands is famous for many things: tulips, bicycles, cheese and marijuana, to name a few. Alongside its renown as a popular tourist destination, the small country is establishing itself as a hub for startups, with numerous accelerators, investors and tech giants including Tesla and Netflix contributing to its burgeoning ecosystem.  

Venture capitalists poured more than €483 million into over 150 Dutch startups in 2018, with this year having already seen €177.7 million of capital invested. Financing rounds in the Netherlands tend to be on the small side, with  more than half of the deals have been early stage over the past five years, but the capital raised has been significant, thanks to a fair amount of local heroes that have raised large amounts of cash. 

Possibly the most well-known company in recent times to hail from the area, Adyen secured $250 million in 2014 before the payments business went public a few years later. Online grocery supermarket Picnic raised $109 million two years ago from De Hoge Dennen and NPM Capital, and this year's biggest transaction saw proptech startup GeoPhy score $33 million in its Series B led by Index Ventures

We've compiled a list of the 10 most active investors in Dutch startups since the start of 2009, per the PitchBook Platform, excluding economic development agencies, with their deal counts in parentheses. 

1. Inkef Capital (30)
2. StartGreen Capital (29)
T-3. InnovationQuarter (26)
T-3. BioGeneration Ventures (26)
5. Health Innovations (24)
6. Utrecht Holdings (23)
7. SanomaVentures (22)
T-8. Newion Investment (21)
T-8. HenQ (21)
10. Thuja Capital Management (20)
 

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