13 Top Dutch Startups to Watch in 2024

Scenic view of Amsterdam.

Keeping your finger on the pulse of the constantly evolving startup landscape is no easy task. In every corner of the globe, companies constantly spring up with innovations that challenge the status quo and redefine industries. There's no better place to see this in action than the small yet dynamic nation of the Netherlands. 

As we dive into this article, we'll explore a list of top Dutch startups that are leading the way by offering unique solutions and disrupting their respective domains. From quantum technology to autonomous construction solutions, these startups are pushing boundaries and shaping our future. 

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Best Startups in the Netherlands

Every year, new startups pull to the forefront of their industry through exciting innovation and industry-disrupting business models. We’ve rounded up the best Dutch startups of 2024 that startup lovers, investors, and aspiring entrepreneurs should follow. 

Disclaimer: With so many exciting startups launching and growing worldwide, we aren’t able to cover them all. Furthermore, the startups that are listed below are not officially ranked and are listed in no particular order.

1. Weaviate

Weaviate is a specialized platform that goes beyond just being a database. Its primary focus is on the creation and enhancement of production-ready AI applications, and it features a high-speed vector similarity search that applies to not just raw vectors but also data objects, supplemented with the capability of adding filters. 

Weaviate is also designed to sync seamlessly with a variety of neural search frameworks, giving users the freedom to incorporate their own vectors or utilize Weaviate's vectorization modules. 

The user base of Weaviate consists of hundreds of developers and data engineers who use the platform to build applications, creating a vibrant community that encourages knowledge sharing and creative collaboration. This startup's vision is to support building AI applications, from fast similarity searches to effortless integrations with neural search frameworks.

2. Finom

  • Industry: Fintech, Financial Services
  • Founders: Alena Valovaya, Andrew Petrov, Andrey Varikov, Iakov Novikov, Ivo Dimitrov, Konstantin Stiskin, Oleg Laguta, Sergey Petrov
  • Founded In: 2019
  • Funding: Series B, €66.8 Million
  • Investors Include: Northzone, General Catalyst, Target Global 

A financial services firm with a primary focus on small businesses, freelancers, and companies, Finom provides a wide variety of tools and services that make for smooth and efficient financing. By offering online banking accounts, international payment services, invoicing, expense management, and debit cards (both virtual and physical) Finom covers a wide spectrum of financial needs. 

Finom goes above and beyond to ensure optimal security for its clients through measures like PCI DSS compliance, TLS, encryption and 3D Secure authentication. Offering services to over 150 countries with plans that cater to different requirements Finom is revolutionizing the financial sector with excellent customer support and impressive response times.

3. Deliverect

  • Industry: Food Tech, Ecommerce
  • Founders: Jan Hollez, Jelte Vrijhoef, Jerome Laredo, Zhong Xu
  • Founded In: 2018
  • Funding: Series D, $236.8 Million 
  • Investors Include: Alkeon Capital, Coatue, Redpoint Ventures 

Deliverect provides a reliable API ecosystem focused on online food ordering and delivery. With its extensive integration with over 500 partner apps, platforms, and systems Deliverect helps businesses scale. Their track record shows over 480 million orders processed to date with a weekly order count of over 4.3 million in 2023, registering a 53% increase in less than a year. 

They actively support businesses in over 42 countries offering solutions like direct online ordering on both websites and social media, QR-driven ordering, and pay features for dine-ins. Plus, by integrating with dispatch partners Deliverect bridges the gap between online orders and fulfillment.

4. Vico Therapeutics

  • Industry: Healthcare
  • Founders: Gail Mandel, Josh Mandel-Brehm, Judith van Deutekom, Luc Dochez
  • Founded In: 2019
  • Funding: Series B, $90.1 Million
  • Investors Include: Ackermans & van Haaren, Kurma Partners, Pureos Bioventures

Vico Therapeutics is on a mission to develop RNA-modulating therapies designed specifically for genetic neurological diseases. By envisioning itself as a leader in the field of antisense oligonucleotide RNA modulators for genetic neurological disorders, Vico Therapeutics is driven by building positive relationships with patients, physicians, partners, and employees. 

This is a company that has carved its path based on an ingrained set of values, which they call TRAITS (Teamwork, Respect, Accountability, Integrity, Transparency, and Serve patients and communities). Operating under the stewardship of a multidimensional management team and multiple board members including co-founders and independent members, this startup is geared toward creating transformative therapies for chronic conditions using novel RNA modulating technology.

5. Naq

  • Industry: Cybersecurity
  • Founders: Chris Clinton, Nadia Kadhim
  • Founded In: 2019
  • Funding: Seed, $4.8 Million
  • Investors Include: Axivate Capital, No Such Ventures, Crosspring

In the area of regulatory compliance, Naq is a platform that’s ushering in automation. By helping companies adhere to frameworks like GDPR, ISO27001, and Cyber Essentials Naq is working to reduce time spent on regulation. The platform comes with a scanner that exposes gaps in a company's cybersecurity controls and offers guidance on how to address issues. 

Through automated compliance reporting, Naq enhances the efficiency of due diligence processes while giving answers to security questionnaires. With its reach extending to hundreds of companies in the UK and Europe and a recent seed funding of €3 million, Naq stays ahead of regulatory changes and offers comprehensive compliance, security management, and assurance services.

6. QphoX

  • Industry: Quantum Computing, Tech
  • Founders: Frederick Hijazi, Robert Stockill, Simon Groeblacher
  • Founded In: 2021
  • Funding: €12.5 Million
  • Investors Include: QDNL Participations, Speedinvest, Delft Enterprises 

Leaping into the world of quantum information, QphoX is a startup that’s actively working to create devices that seamlessly convert quantum data between microwave and optical frequencies. Their notable invention, the quantum transducer allows for a coherent and bidirectional conversion of microwave and optical photons. 

Even though their technology is a bit on the technical side, by using a mechanical resonator, their transducer enables low-loss and high-fidelity transmission of quantum states across various frequency domains. This technology empowers the linking of small high-fidelity quantum processors into a larger parallel quantum processing unit, paving the way for a more powerful distributed computation. The QphoX quantum modem transducer is an instrumental tool to innovate and grow capabilities when it comes to large-scale quantum information processing.

7. VoxelSensors

  • Industry: Virtual Reality (VR), Tech
  • Founders: Johannes Peeters, Ward van der Tempel 
  • Founded In: 2020
  • Funding: Seed, $10 Million 
  • Investors Include: SFPIM, Capricorn Partners, Qbic Fund 

VoxelSensors specializes in cutting-edge sensor technology with an emphasis on 3D perception based on laser beam scanning. They have pioneered the world's first Single Photon Active Event Sensor (SPAES) CMOS sensor that’s capable of spatially localizing active laser points or structures at an impressive rate of 100 MHz. 

This revolutionary sensor offers excellent efficiency by consuming less than 10 photons per 3D point while also operating at an ultra-low latency equivalent to over 10 million frames per second. Not only does it function efficiently in all light conditions, but it is also immune to concurrent sensing systems. VoxelSensors promises to revolutionize modern technology with its sensor that offers superior speed, energy efficiency, and broad applicability.

8. LionVolt

  • Industry: Battery, 3D Technology
  • Founders: Karl McGoldrick, Sandeep Unnikrishnan
  • Founded In: 2020
  • Funding: €20.3 Million
  • Investors Include: Innovation Industries, BOM, Brabant Startup Fund

LionVolt is actively making strides in battery technology by introducing their groundbreaking 3D solid-state battery technology. These LionVolt batteries stand out due to their safety, lightness in weight, and superior performance. Thanks to LionVolt's unique 3D architecture their batteries carry no risk of ignition or explosion and can safely operate at elevated temperatures. 

They not only achieve an energy density above 450 Wh/kg, which is possible due to the use of high-capacity materials but also promote the usage of sustainable and heavy metal-free materials with circular production processes. LionVolt's commitment to being green, cost-effective, and environment-friendly sets a new standard in the industry.

9. Silverflow

  • Industry: Financial Services, Fintech
  • Founders: Anne Willem De Vries, Paul Buying, Robert Kraal
  • Founded In: 2019
  • Funding: Series B, $36.4 Million
  • Investors Include: Global PayTech Ventures, Coatue, Crane Venture Partners 

Silverflow is a fintech startup working to deeply understand the unique needs of businesses and offers the latest tools to help them expand and improve. They provide access to all transaction data from card networks on their platform allowing businesses to benefit from their functionality anywhere they do business. 

Silverflow's detailed transaction-level fee reporting helps avoid unnecessary costs, and their rich data insights can provide accurate cost estimates to merchants which ends up increasing margins. With a focus on staying ahead of the latest global scheme bulletins, Silverflow ensures that companies remain compliant and avoid penalties.

10. Insify

  • Industry: InsurTech
  • Founders: Ernst Moorman, Jort de Vries, Koen Thijssen
  • Founded In: 2020
  • Funding: Series A, €27.4 Million
  • Investors Include: Accel, Munich Re Ventures, Frontline Ventures 

Insify is a business insurance company that uses technology to simplify and expedite insurance processes. They provide fully automated insurance offerings that are tailored to each business, evolving automatically with the growth and changes of the business through enhanced data analytics. 

Developed specifically for entrepreneurs and small businesses in sectors like ecommerce, leisure, construction, and IT, their insurance products can be obtained in less than 5 minutes, allowing entrepreneurs to focus on growing their business. Insify's technology-first approach is working to scale to meet business insurance needs across several different distribution channels.

11. Send AI

  • Industry: SaaS, Machine Learning , Artificial Intelligence (AI)
  • Founders: Philip Weijschede, Thom Trentelman 
  • Founded In: 2021
  • Funding: Pre-Seed, $2.5 Million
  • Investors Include: Gradient Ventures, Keen Ventures Partners, Graduate Entrepreneur Fund 

Send AI is a software company that helps users automate incoming document processing. Relying on optical character recognition, language models and data extraction, Send AI classifies, extracts, validates, and exports key information from those documents using custom-trained machine learning models. 

The software has an impressive accuracy rate of over 99.99% in secure document processing via API or email. Users can fine-tune their AI models to match their unique needs which leads to more accurate and compliant data processing. Through automated processing, up to 95% of document workflows can be handled by Send AI, which significantly reduces manual labor.

12. Amazec Photonics

  • Industry: Healthtech 
  • Founders: Pim Kat
  • Founded In: 2021
  • Funding: Seed, €1.8 Million
  • Investors Include: PhotonDelta, Innovatiefonds Noord-Holland

Amazec Photonics develops medical applications for high-resolution, temperature-sensing employing integrated photonics with a goal to use this technology primarily for cardiovascular monitoring, diagnostics and treatment. 

The startup believes that their technology has the potential to create new monitoring, diagnostic, and treatment methods that will profoundly impact the healthcare sector. With the ambition of becoming a global leader in medical applications leveraging integrated photonics, Amazec Photonics is currently on a very promising path.

13. Monumental

  • Industry: Robotics, Software, Construction
  • Founders: Salar al Khafaji, Sebastiaan Visser
  • Founded In: 2021
  • Funding: Seed, €23.2 Million
  • Investors Include: Plural, Hummingbird Ventures, Material Ventures

Monumental is addressing the pressing issues of labor shortages and lack of affordable housing in the construction sector by developing autonomous and future-proof solutions. They use small robots that operate autonomously on construction sites handling various masonry bonds and working with construction materials. 

With cameras and artificial intelligence constantly registering the environment and adjusting when reality doesn't match a BIM or CAD model, Monumental carries out construction work efficiently and safely. Their transparent pricing strategy includes all tasks from masonry to placing cavity wall ties, allowing the construction time to be shortened, minimizing construction-related accidents, and prioritizing environmental considerations.

Recommended: Check out our full list of the top startups to watch!