Dutch startup funding: 76 million euro in Q2 2016, fintech on the rise

Dutch startups have raised 76.2 million euro in the second quarter of 2016. We saw slightly more funding activity compared to the previous quarter, as 69.4 million euro was raised in Q1 2016.

This quarter, startups however raised less money compared to the same period last year, when 105 million euro was raised. In total, we saw 44 deals in the second quarter of this year. The average deal size in Q2 2016 was €1.7M and the median deal size was €697.5K.

Now lets compare this to Q1 2016. There we saw 39 deals, an average deal size of €1.8M and a median deal size of €910K. So these numbers show that there hasn't been much improvement, only in number of deals. On the other hand Q2 2016 is the quarter with the most deals since we started measuring per quarter in 2015.

We see a quarter-on-quarter rise for the second time in a row. However, this year's amounts are obviously less than their 2015 counterparts.

Top 5 deals

We didn't see much big startup funding deals this quarter. In the top 5 were just two deals over 5 million euro. Medtech startup G-Therapeutics leads this Q2 list with a whopping 26 million euro investment. Cybersecurity startup EclecticIQ raised 5.5 million euro, retail startup Roamler got 4.5 million euro and fintech startup InvoiceFinance got funded for 3.4 million euro. SOWIFI, according to us, is also close making the top 5 deals diverse when looking at types of industry.

Fintech on the rise

Overall, we saw a lot more Dutch fintech deals in Q2 compared to the previous quarter. In Q1 we noted two deals, for BUX and OpenClaims. This quarter we counted 6 deals: InvoiceFinance, Surence, Sposea, Musoni, Tabster and Daalder. The investment in blockchain startup Bitwala could also count.

For graphs, the complete list of investments and an important disclaimer to this article, please continue to read on StartupJuncture.