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The top 10 most active VC investors in Dutch startups

The Netherlands is proving to be an attractive destination for VCs looking for innovative companies. We’ve compiled a list of the most 10 active investors in Dutch startups.

(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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  • leah-hodgson-photo.jpg
    Written by Leah Hodgson
    Leah Hodgson is a London-based senior reporter for PitchBook covering venture capital across Europe and the Middle East. Leah graduated from the University of Surrey with a BA in international politics with French. She has previously been a radio reporter in France. She later turned to financial journalism, covering the wealth management industry. She joined PitchBook in 2018.
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