Dutch startups raised $3.5B in 2024. Here are the 10 largest funding rounds

It’s been a great year for the Dutch start up Ecosystem.

Venture capitalists have invested $3.5 billion to date early-stage companies in the Netherlands, according to Dealroom. This puts the Dutch tech industry in second place in 2024 funds The highest ever, not surpassed until 2021.

Dutch startups have raised nearly 50% more cash this year than in 2023 ($1.1 billion), with two weeks left to go. This is a staggering rise, especially considering that financing conditions across Europe are quite depressed and this year is likely to be the worst since 2020.

By 2024, the Netherlands will be the fourth most well-funded ecosystem in Europe. Unsurprisingly, the UK holds the top spot, having raised $17 billion to date. Germany ranked second with $7.9 billion, followed by France with $7.7 billion.

So, with that in mind, here are the 10 largest funding rounds that make 2024 a lucrative year for the Dutch startup ecosystem. (Disclaimer: In this list we count all early-stage companies headquartered in the Netherlands, but not necessarily founded there).

1. I won’t* — $700 million

this It’s a big lie. Build a full-service start-up company AI In December, the company acquired a stake in technology company infrastructure in a deal led by Nvidia, Accel and other blue-chip investors.

*(While Dealroom considers Nebius a startup, they are a publicly traded company, so we’re not so sure.

2. picnic — $388 million

Dutch online supermarket unicorn raise funds in January to fuel its international expansion as it looks to become a profitable grocery delivery service (something that has proven difficult for most).

3. near field instruments — $147 million

The Rotterdam-based company makes advanced tools for inspecting computer chips during the manufacturing process, adding to Dutch wealth Semiconductor success stories.

4. stable — $110 million

Find out! We have a new unicorn at home. To be more precise, in our home Mews is located in the city of Amsterdam TNW. This new startup offers A cloud-based property management system (PMS) for the hotel industry is proposed $110 million in March Valuation exceeds $1.2 billion. Then in September it was bagged Another $100 million.

Now this is awesome, stables.

5. data sniper — $100 million

Find out again! DataSnipper, a company that produces artificial intelligence accounting tools, raised US$100 million in February at a valuation of US$1 billion, making it the second new unicorn company born in the Netherlands in 2024.

6. Citrus base — 89 million euros

The biotech company is developing treatments for inflammatory diseases. It will use the Series B funding to enter its lead product, CIT-013, into Phase 2a clinical trials.

7. cradle — $73 million

Founded in 2022, Cradle uses generative AI to design and optimize proteins, aiming to reduce the time and cost associated with protein engineering. The Amsterdam-based startup hopes to put its software “in the hands of a million scientists.”

8. Axelera Artificial Intelligence — $68 million

The Eindhoven-based startup is developing chips called artificial intelligence processing units (AIPUs) that enable computer vision and generative artificial intelligence in devices such as robots and drones. this Financing round Led by Samsung Ventures. For a chip startup, having investors like this isn’t a bad thing.

9. time — $58 million

Payt Software’s AI platform streamlines the debt collection process through automated invoicing. Not exactly “sexy” technology, but the startup’s products are used by more than 13,000 companies in the Netherlands alone, so it must be doing something right.

10. Veco Therapeutics, Inc. — $56 million

Veco was established in 2019 Therapies are being developed to treat serious neurological disorders. The company is the third healthtech startup on the list, and for good reason – the Netherlands has established itself as one of the world’s leading biotech and life sciences hubs.

Overall, the Dutch start-up ecosystem proved its resilience and strength in 2024, achieving significant growth despite wider challenges in the European funding environment. Salways Performance comes from biotechnology, artificial intelligence and semiconductor fields. Going forward, these funding successes will allow the country’s startups to have greater global impact by 2025.