Dutch start-ups received €747 million in venture capital funding in the second quarter of this year, a 67% increase compared to the same period last year, KPMG said in its latest Venture Pulse report.
The increase came as overall investment across Europe declined slightly from €13.9 billion to €13.1 billion, according to KPMG.
The Netherlands recorded one of its most active quarters in years, with the number of deals rising from 79 in the first quarter to 101 in the second. Major transactions included €147 million for biotech firm Azafaros and €115 million for fintech company FINOM.
KPMG said the growth was due to improved investor confidence and revised company valuations.
“The venture capital market shows that investors are not deterred by geopolitical uncertainty, but are actively seeking opportunities in sectors that contribute to strategic autonomy and innovation,” Romy Menten of KPMG Nederland told the Telegraaf.
The number of deals across Europe fell sharply to 1,733 in the second quarter, down from 2,358 earlier in the year.
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