Capital raising services in the Netherlands
The Netherlands has one of the most active mid- to late-stage venture markets in Europe, with Amsterdam-headquartered funds and international investors consistently deploying growth capital into Dutch scaleups.
Adyen, Mollie, Backbase and Mews are among the defining success stories, with dominant sector clusters in fintech, enterprise SaaS, travel tech and logistics.
We work with mid- to late-stage Dutch companies raising growth capital on the best possible terms - drawing on our extensive VC investor network, managing thorough preparation, building the pitch deck, constructing the operating and financial model, and running the end-to-end process from first outreach through to a signed term sheet.
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VC rounds raised in the last 12 months in the Netherlands
$26M
Median VC valuation (across all stages) in the Netherlands
13x
Median VC revenue multiple (across all stages) in the Netherlands
$499M
Largest VC round raised in the Netherlands in the last 12 months
Raising venture capital in the Netherlands
The Netherlands has one of the most active VC markets in continental Europe, with Amsterdam as the centre and dedicated clusters in Eindhoven (deeptech) and Utrecht (life sciences). Round documentation broadly aligns with NVP industry conventions and standard European VC practice.
NVP-aligned documentation
The NVP (Dutch private equity and venture capital association) coordinates industry conventions. Dutch venture rounds typically use NVP-aligned documentation tailored for Dutch BV mechanics. Notarisation is mandatory for share issues - a recurring closing-day cost.
Convertible loans and SAFEs
Convertible loan notes (converteerbare lening) and pre-priced equity instruments are the standard formats in the Netherlands. SAFEs are used occasionally where the lead investor is US-based but are less universal than in the US. Conversion typically at the next round at a discount or capped valuation.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is standard. Cap tables for BVs are not public, but share movements appear in the KvK (Chamber of Commerce) registry via UBO and director changes.
Foreign investment review (Vifo Act)
The Wet veiligheidstoets investeringen, fusies en overnames (Vifo Act, in force from 2023) requires pre-completion notification for investors taking material stakes in Dutch companies operating in sensitive technology sectors - defence, dual-use, quantum, semiconductors, AI. Adds 8 weeks to 6 months to closing where in scope.
Notarised closings
Share issues and transfers in Dutch BVs require a notarial deed (notariële akte) executed before a Dutch civil-law notary. Closings are therefore notary-driven events with associated formalities and fees. Standard practice and well-understood by Dutch counsel.
Largest private tech companies in the Netherlands
Mollie valued at $6.5B is the largest still privately-owned company in the Netherlands.
See all large tech companies in the Netherlands| Logo | HQ | Description | ||||
|---|---|---|---|---|---|---|
Mollie | | Mollie is a payment processing platform enabling seamless integration of methods like iDEAL, Bancontact, SOFORT, Giropay, PayPal, Mastercard, VISA, and SEPA Direct Debit into websites and apps via a unified API. Amsterdam-headquartered since its founding in 2004, the company simplifies online transactions for European merchants with reliable infrastructure. | Jun-21 | $789M Series C | $6.5B | |
Mambu | | Mambu is a Berlin-headquartered SaaS cloud core banking platform enabling composable financial services for banks, fintechs, and retailers in 60 countries. Serving more than 200 clients, the modular architecture assembles lending, deposits, payments, and cards engines via open APIs for rapid product launches. Founded in 2011, Mambu powers digital banks like N26 and OakNorth with scalable infrastructure hosted on AWS. | Dec-21 | $267M Series E | $5.5B | |
Bird | | Bird is an Amsterdam-headquartered cloud communications platform connecting businesses to customers via SMS, voice, WhatsApp, WeChat, Messenger, and email. Founded in 2011, it provides APIs, flow builders, and omnichannel dashboards from nine global hubs including London, New York, and Singapore. Enterprises in e-commerce, fintech, and delivery scale messaging workflows with carrier-grade reliability. | Apr-21 | $800M Series C | $3.0B | |
Airtel Mobile Commerce BV | | Airtel Mobile Commerce BV is a subsidiary of Airtel Africa functioning as the holding entity for mobile money operations in 14 African countries such as Kenya, Uganda, Tanzania, and Nigeria. It operates platforms like Airtel Money for mobile wallets, international remittances, microloans, savings accounts, and virtual debit cards, processing millions of transactions daily across the continent. | Apr-21 | $100M strategic inv. | $2.6B | |
Backbase | | Backbase is an Amsterdam-headquartered fintech provider of AI-powered digital banking platforms overlaying core systems for 150 institutions including Barclays, BNP Paribas, Citibank, and Lloyds Banking Group. Capabilities span retail onboarding, lending, servicing, and wealth management across 16 offices on five continents with over 2,000 employees focused on R&D. The 2003-founded company launched its Intelligence Fabric-enabled AI platform in 2025 for agent-based automation, recognized by Forrester and Gartner as a digital banking leader. | Jun-22 | $126M | $2.6B | |
Framer | | Framer is a no-code website builder empowering designers to create responsive sites via visual canvas editing. Features encompass animations, CMS collections, SEO tools, and e-commerce through Frameshop integration. San Francisco-headquartered since evolving from prototyping software in 2013, it hosts a marketplace of 5,000 templates and plugins syncing with Notion and Airtable for agencies building portfolios and landing pages. | Aug-25 | $100M Series D | $2.0B | |
bunq | | bunq is an Amsterdam-headquartered mobile bank that delivers current accounts, savings options, debit cards, and payment processing through its app. Established in 2012 and regulated by De Nederlandsche Bank, it supports up to 25 sub-accounts for budgeting, real-time transfers via SEPA Instant, Apple Pay integration, and carbon offset features where users plant trees per transaction. The bank exposes open banking APIs for third-party integrations and emphasizes sustainability alongside features like travel insurance and investment products. | Apr-24 | $31M | $1.9B | |
Picnic | | Amsterdam-based Picnic runs a tech-powered grocery delivery service across the Netherlands, functioning as a modern milkman for fast-moving consumer goods ordered via mobile app. | Nov-25 | $499M | $1.5B | |
Otrium | | Otrium is an Amsterdam-headquartered online fashion retailer specializing in flash sales from luxury and designer brands. It partners with labels like Gucci, Jimmy Choo, and Stella McCartney to sell past-season inventory at discounts. The platform serves three million members across Europe with mobile app shopping and express delivery. Otrium uses data analytics to match stock with buyer preferences. | Mar-21 | $117M Series C | $1.0B | |
DataSnipper | | DataSnipper is an AI-powered automation platform integrated into Excel for financial audits, headquartered in Toronto, Canada. The tool accelerates document review, data extraction, and verification processes for accounting firms and enterprises, reducing manual effort in due diligence and compliance workflows through intelligent matching and analysis features. | Feb-24 | $100M Series B | $1.0B |
Startups who recently raised money in the Netherlands
Largest VC round raised recently in the Netherlands was a $250M Undisclosed stage of Axelera AI in February 2026.
See all VC rounds in the Netherlands| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Feb-26 | Axelera AI | | Axelera AI is an Eindhoven-headquartered company building hardware-software platforms for energy-efficient AI inference at the edge. Launched in 2021 after incubation by Bitfury in 2019 and imec in 2020, its Metis AI Platform delivers high-performance processing for computer vision and generative AI tasks. Recognized as a CES 2024 Innovation Awards Honoree, Axelera maintains R&D sites in Belgium, Switzerland, and Italy with talent from leading AI enterprises. | Bitfury GroupBlackRock+8 | $250M | - | Undisclosed stage | |
May-26 | QuantWare | | QuantWare is a Delft-headquartered quantum hardware provider offering VIO QPU scaling technology. It supplies fully packaged 64-qubit QPUs and foundry services to customers in 20 countries across four continents. Founded in 2021 as a TU Delft spinout, QuantWare's modular architecture supports transmon qubits and enables paths to 1 million-qubit systems. Clients include research labs and enterprises building hybrid quantum computers. | ETF PartnersFORWARD.one+6 | $178M | - | Series B | |
Mar-26 | Vitestro | | Vitestro is an Eindhoven-headquartered medtech company pioneering autonomous robotic phlebotomy devices that perform blood draws without needles visible to patients. The Vitestro One system uses ultrasound-guided lancets to collect up to 12 milliliters of blood in seconds, reducing pain and vein misses by 80 percent. Deployed in over 20 hospitals across Europe and the U.S., including Erasmus MC, the technology integrates with EHR systems for seamless lab workflows. Founded in 2019 by Eindhoven University alumni, Vitestro raised €25 million in Series A funding. | European Innovation Council FundIntervest+10 | $70M | - | Series B | |
Feb-26 | Onodrim Industries | | Onodrim Industries is a European defence and industrial technology platform creating mission-critical hardware, software, and manufacturing capabilities for advanced sensing, networked systems, deterrence, readiness, and allied interoperability. | Founders FundGeneral Catalyst+1 | $47M | - | Seed | |
May-26 | Eyeo | | Eyeo is an imaging technology company advancing sensor design to capture all incoming light rays, surpassing traditional Bayer filter limitations and delivering higher resolution images for cameras and devices. | BOMHTGF (High-Tech Gruenderfonds)+4 | $47M | - | Series A | |
Mar-26 | WorkFlex | | WorkFlex is a SaaS platform for processing work-from-anywhere requests and business travel compliance. Companies use it to extend remote work options while adhering to local rules, generating trip documents and automating tasks to lower administrative expenses. | Spectrum Equity | $44M | - | Undisclosed stage | |
Nov-25 | Overstory | | Overstory is a Tel Aviv-headquartered company leveraging AI and satellite imagery to manage vegetation risks for electric utilities. Its platform identifies encroachments along power lines, prioritizing trimming to prevent outages and wildfires. Serving transmission operators in North America and Europe, it optimizes field crews and supports grid resilience amid climate challenges. | B CapitalBentley Systems+8 | $43M | - | Series B | |
Mar-26 | Silverflow | | Silverflow is an Amsterdam-based payment platform founded in 2019 that connects providers directly to Visa and Mastercard networks via cloud APIs. It processes real-time authorizations and settlements for PSPs like Adyen and Stripe, offering transaction fee transparency and data enrichment. Headquartered in Netherlands, the company serves European merchants with 99.99% uptime. | CoatueCrane Venture Partners+4 | $40M | - | Series B | |
Feb-26 | Duna | | Duna is a Singapore-headquartered digital identity platform that enables seamless one-click onboarding for businesses. It operates a decentralized network for verifiable credentials, supporting KYC, AML compliance, and customer verification across fintech and e-commerce sectors. Backed by investors like Tribe Capital, Duna integrates with wallets for reusable identity data shared securely via zero-knowledge proofs. Launched in 2022, the company processes millions of verifications monthly and partners with regional banks in Southeast Asia. | CapitalGClaire Hughes Johnson+7 | $35M | - | Series A | |
Jan-26 | Qualinx | | Qualinx is a Delft-based semiconductor company specializing in ultra-low-power radio chips for IoT devices. It commercializes Digital RF technology supporting Bluetooth Low Energy, Zigbee, Thread, and GNSS in CMOS processes. Founded in 2015 as a TU Delft spin-off, Qualinx delivers integrated radios with extended battery life for wearables and sensors used in smart homes and health monitoring. | FORWARD.oneInnovationQuarter+2 | $24M | - | Undisclosed stage | |
Mar-26 | OpenUp | | OpenUp is a mental health platform delivering on-demand support to employees through psychologists, coaches, and digital content. The Amsterdam-headquartered service operates in Europe with availability in over 30 languages, featuring anonymous video sessions, group workshops, and self-help modules on stress, burnout, and leadership. Trusted by organizations in the Netherlands, Belgium, and Germany, OpenUp integrates with HR systems for analytics on engagement and absenteeism trends. Founded in 2015, it serves sectors including tech, finance, and manufacturing. | Rubio Impact VenturesSmartFin | $24M | - | Undisclosed stage | |
Feb-26 | Stacks | | Stacks is an AI-powered workspace automating financial close processes for accounting teams. It reduces cycle times and errors by integrating with ERP systems like NetSuite and QuickBooks for reconciliations and reporting. | EQT VenturesGeneral Catalyst+2 | $23M | - | Series A | |
Apr-26 | Orange Quantum Systems | | - | European Innovation Council FundGround State Ventures | $17M | - | Seed | |
Dec-25 | SandGrain | | SandGrain is a Eindhoven, Netherlands-headquartered consultancy advising semiconductor firms on SaaS platforms, cloud migration, cybersecurity, and chip fabrication processes. The team supports ASML and NXP with technology ramps and fab startups in Europe and Asia, drawing from expertise in EUV lithography and secure supply chains. | BOMDeepTechXL+2 | $16M | - | Series A | |
Jan-26 | Klearly | | Klearly is a Dutch payment solution turning smartphones into POS terminals for small businesses. Amsterdam-based, it processes contactless payments via NFC on iOS and Android devices with PCI-compliant encryption. Merchants accept cards from Visa, Mastercard, and Apple Pay without hardware, settling funds daily to bank accounts. | Antler ElevateGlobal PayTech Ventures+3 | $14M | - | Series A |
Top VCs and strategic investors in the Netherlands
Invest-NL, BOM, Antler and LUMO labs funded the most startups in the Netherlands in the last 12 months.
See all VCs in the Netherlands| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Antler |  | Antler is a Singapore-headquartered global venture capital firm founded in 2017 that invests in early-stage tech companies. It operates day-zero programs in 27 cities, backing 1,000+ startups with $100 million deployed annually across AI, fintech, and sustainability. Portfolio includes unicorns like Hold One and Tiqets, with a network of 3,000 mentors and 700+ investors for follow-ons. | YasuStruckDatamonk+2 | 34 | Pre-seed | |
Invest-NL | | Invest-NL is the Dutch national public investment fund dedicated to scaling innovative companies and projects in deep tech, sustainable energy, and life sciences. It deploys equity and debt financing for ventures addressing climate challenges and technological breakthroughs, often co-investing with private funds. Amsterdam-headquartered since its 2020 launch by the Dutch government, Invest-NL targets high-impact initiatives with national significance, including hydrogen production and quantum computing advancements. | EyeoQuantWareAxelera AI+2 | 26 | Series A | |
BOM | | BOM is a regional development company in North Brabant, Netherlands, that invests in startups and scale-ups focused on technology and sustainability. Established in 1985, BOM manages funds exceeding €200 million and supports over 300 portfolio companies annually. The organization facilitates renewable energy projects like solar farms and hydrogen production hubs. | EyeoAvendarCoolSem Technologies+2 | 18 | Seed | |
LUMO labs | | LUMO Labs is a Berlin-headquartered venture capital fund investing from pre-seed to Series A in startups focused on AI, data, blockchain, IoT, VR/AR, and security. The fund supports impact-driven teams addressing sustainable cities, health, wellbeing, and education through a two-year growth program. It connects portfolio companies to capital, mentorship, and networks in Europe. | AvendarMaeconomyAirHub+2 | 18 | Seed | |
Innovation Industries | | Amsterdam-based Innovation Industries is a venture capital fund investing in high-tech, medtech, and agrifoodtech startups in the Netherlands and Europe. Established in 2015 with €100 million under management, it takes an active role in portfolio companies like heart monitoring firm Qompium and precision farming developer Protix, providing hands-on support for market entry, partnerships, and scaling from seed to Series B stages. | EyeoGroove QuantumAxelera AI+2 | 18 | Series A | |
InnovationQuarter | | InnovationQuarter is the regional development agency for South Holland province in the Netherlands headquartered in The Hague. It funds innovative scale-ups through InnovationQuarter Capital with equity investments, subordinated loans, and convertible financing for seed to growth stages. The agency connects startups with knowledge institutions like Delft University of Technology and Leiden University, aids international firms in establishing Dutch operations, and drives economic growth in life sciences, agrifood, and maritime technology. | FrostByteQuantWareQualinx+2 | 17 | Seed | |
Innovatiefonds Noord-Holland | | Innovatiefonds Noord-Holland is a Dutch investment fund providing convertible loans from €50,000 to €300,000 to startups in Noord-Holland province. It targets new concepts and ideas in technology and innovation sectors, supporting early-stage ventures with capital for proof-of-concept and growth phases. | Trusk TechnologyReavantSpeaklee+2 | 16 | Pre-seed | |
FORWARD.one | | FORWARD.one is an Eindhoven-based venture capital firm investing in hardware startups across Europe. The team of engineers and entrepreneurs funds innovations in robotics, sensors, and deep tech from seed to series A. FORWARD.one leverages internal expertise to scale prototypes into commercial products for global markets. | QuantWareROCSYSHelin+2 | 12 | Series A | |
OostNL | | OostNL is an Enschede-based development agency for Eastern Netherlands funded by Overijssel and Gelderland provinces. It invests public capital in food processing, energy transition, health tech, and high-tech systems startups alongside advisory on internationalization and innovation grants. Supporting over 300 entrepreneurs annually, OostNL facilitates clusters in green hydrogen projects and precision agriculture in Twente and Arnhem-Nijmegen regions. Operational since 2006, it balances financial returns with social impact in sustainable industry. | Saia AgroboticsAiosynTwinport360+2 | 10 | Seed | |
European Innovation Council Fund | | - | Groove QuantumOrange Quantum SystemsVitestro+2 | 7 | Undisclosed stage |
What if not VC? Non-equity funding in the Netherlands
The Netherlands has one of the deepest non-dilutive funding stacks in Europe - between WBSO, the Innovation Credit, Invest-NL and the regional development companies, Dutch startups can run for 12-18 months with substantial public-sector support before signing a VC term sheet.
WBSO R&D wage tax credit
Refunds 32% (40% for startups) of qualifying R&D personnel costs through a payroll tax reduction. The most-claimed innovation incentive in the Netherlands and the largest single source of non-dilutive cash for most early-stage Dutch tech companies.
Innovation Credit (Innovatiekrediet)
Government-funded conditional loan covering up to 35-45% of qualifying technical or clinical development project costs (€150k–€10M). Repayable only on commercial success. Non-dilutive but project-execution dependent.
EU funding access
Dutch companies have full access to Horizon Europe programmes - EIC Accelerator grants (up to €2.5M), EIC Pathfinder, Eurostars, EUREKA and others. Slow but materially valuable for deeptech, climate and life-science companies that can wait the 6-12 month process.
Crowdfunding
Symbid, Oneplanetcrowd and several specialist platforms operate in the Netherlands. Used most often by consumer brands, sustainability-focused businesses and impact-driven companies to combine capital with community.
Venture debt
Kreos Capital, Claret Capital Partners, HSBC Innovation Banking and Invest-NL are the main venture debt providers active in the Netherlands. Typically deployed against ARR or contracted revenue from Series A onwards.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across the Netherlands and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in the Netherlands.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
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Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
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We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in the Netherlands
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in the Netherlands
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
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