Netherlands

Amsterdam-Delta #14

The Netherlands is home to Europe’s biggest tech companies and world-class startups. A great part of the ecosystem's success is about the community and its leaders being willing to pass on their knowledge and capital gains to the next generation.

Constantijn van Oranje
Envoy, Techleap.nl

Highlights

Amsterdam may be a smaller city by population than London or Paris, but its startups have produced outsized value given the size of the ecosystem. According to Dealroom, between 2010 and the first quarter of 2021, the total enterprise value of tech companies created in the Amsterdam region increased from $10 billion to $100 billion, making the ecosystem one of the fastest-growing in Europe. The Dutch capital is also open, dynamic, and community minded. Rockstart and Startupbootcamp, two of Europe’s best-performing accelerators, were founded in Amsterdam. Holland in the Valley is an initiative to strengthen ties between the Netherlands and the Bay Area at multiple levels. ScaleNL helps Dutch tech entrepreneurs scale to the US via a network, platform, programs, and funding. Techleap is leading the Global Entrepreneur Initiative to connect successful Dutch founders living abroad to founders in the Netherlands who want to expand. Amsterdam’s Cleantech startups had a particularly strong 2021. In September, Picnic raised €600 million ($650 million) from the Bill & Melinda Gates Foundation to further its ambition of building the most sustainable European grocery delivery company. Urban e-bike company VanMoof raised a $128 million Series C the same month. In July 2021, neobank Bunq announced the largest ever Series A round raised by a European Fintech. The €193 million ($209 million) deal took the company’s value to approximately €1.6 billion ($1.73 billion). Other notable funding news in the ecosystem include online fashion outlet Otrium’s $120 million Series C in March 2021, and mobility Fintech company Moove’s August 2021 $100 million deal.

Ecosystem by the numbers

TOTAL EARLY STAGE FUNDING
(2019H2-2021)
$1.9 bn
GLOBAL AVG.
$687 m
ECOSYSTEM VALUE
(2019H2-2021)
$54 bn
GLOBAL AVG.
$28.6 bn
MEDIAN SEED ROUND (2019H2-2021)
$492 k
GLOBAL AVG.
$671 k
MEDIAN SERIES A ROUND (2019H2-2021)
$3.6 m
GLOBAL AVG.
$4.7 m
SOFT. ENGINEER SALARY (2021)
$67 k
GLOBAL AVG.
$46 k
22
GLOBAL AVG.
11.3
523
GLOBAL AVG.
101
Amount ($B)
Count (#)

Exits

(2017-2021)
EARLY-STAGE FUNDING GROWTH TIER (2018/19 VS. 2020/21)
6
Calculated on a scale of
1 (lowest) to 10 (highest)
TOTAL VC FUNDING (2017-2021)
$9.2 bn
GLOBAL AVG.
$4.5 bn
TIME TO EXIT (2017-2021)
10.7 years
GLOBAL AVG.
9.4 years

Sub-Sector Strengths

Agtech & New Food

The Dutch government’s Vision on Circular Agriculture sets out its ambition to be a global leader in circular agriculture by 2030. Wageningen University and Research (WUR) ranks #1 in the world in the field of Agriculture and Forestry, according to QS World University Rankings 2021. In 2021, leading Agtech organization Cropin announced the opening of its first international office in Amsterdam. App-only supermarket Crisp raised a €30 million Series B in March 2021.

Life Sciences

Amsterdam-Delta’s Life Sciences ecosystem includes two internationally renowned universities, University of Amsterdam and Vrije Universiteit Amsterdam, as well as Amsterdam University Medical Centre and the Netherlands Cancer Institute. The Netherlands is the top European importer and exporter of medical devices. Hubs including Amsterdam Science Park and the Amsterdam Life Sciences District offer opportunities for collaboration, and the European Medicines Agency is also located here.  LUMICKS raised a €77.6 million ($84 million) Series D in April 2021, and clinical data platform Castor raised a $45 million Series B in July 2021.

Reasons to move your startup to Amsterdam-Delta

Talent

The Amsterdam-Delta region offers companies access to a large pool of talented, highly motivated, well-educated, and multilingual potential employees. 44% of the population have attended higher education institutions, 80% speak English, and 90% speak two or more languages.

Competitive Economic Climate

The business climate in the Amsterdam-Delta region is welcoming for startups. Entrepreneurs from outside the EU can apply for a startup visa, and many highly skilled migrants qualify for a 30% personal tax income advantage. The Netherlands is stable and prosperous, and its capital city is open, creative, and dynamic.

Established Startup Hub

The area has a long history as a successful business hub and as a center of global trade, so there is an established infrastructure of services, accelerators, and co-working spaces. These business essentials combine with the Dutch entrepreneurial mindset to create a fast-growing startup culture.

Get connected

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