2024 was the third-best funding yr ever for Dutch startups, following the height years 2021 and 2022!
In line with the Quarterly Startup Report, Dutch startups and scale-ups raised an estimated €2.5B in 2024. This is a rise of 19 % in comparison with 2023 when €2.1B was invested.
The Quarterly Startup Report is a collaborative effort by Golden Egg Test, Dealroom, KPMG NL Rising Giants, the Regionale Ontwikkelingsmaatschappijen (ROMs), NVP, Techleap, Make investments-NL, and the Dutch Startup Affiliation.
26% decline in funding
In line with the report, the highest 3 largest investments in This autumn of 2024 are:
Nevertheless, regardless of these sturdy figures, there was a decline in This autumn, says the report.
In This autumn, €460M was invested, 26 per cent lower than in This autumn 2023 (€620M) and a couple of per cent lower than in Q3 2024 (€470M). The variety of offers decreased by 25 per cent, from 114 to 85, in comparison with This autumn 2023.
18% decline within the variety of offers
The variety of offers is considerably down in comparison with earlier years. In 2021, 2022, and 2023, there have been roughly 415 investments per yr (or round 105 per quarter).
Nevertheless, in 2024, solely 342 printed rounds have been recorded, indicating an 18 per cent lower.
Decline in pre-seed investments
In 2024, each the quantity and share of offers valued beneath €1M declined.
Whereas in 2023, one-third of investments have been beneath this threshold, by 2024, this share decreased to simply 25 per cent, even with a diminished total variety of offers.
Delay in fundraising
In line with the report, the fundraising panorama has develop into more difficult for each startups and buyers.
Startups are struggling to safe follow-on rounds attributable to a lower in Seed and Collection A rounds.
In consequence, they typically want extension, bridge, or top-up rounds to proceed working.
Buyers, or enterprise capitalists (VCs), are additionally experiencing longer timelines in elevating their funds. Many are settling for smaller fund sizes than they initially aimed for, and a few even determined to cease their fundraising efforts fully, provides the report.
Thomas Mensink, CEO of Golden Egg Test, feedback, “After an excellent begin within the first quarter, I had anticipated and hoped that after virtually two years of relative established order, funding development would choose up.”
“Sadly, that was not the case. Many startups are having a tougher time attracting follow-on funding, buyers typically should step in with extra capital and so they want extra time to boost new funds. So there are nonetheless many challenges. A greater exit market in 2025 can be certain that investments additionally come on stronger,” concludes Mensink.
