Netherlands’ Top 10 Series B Investors Hold 19.6% vs Germany’s 8.1% Share

Across the Series B deal participations tracked in Germany and the Netherlands over the last three years, the Netherlands exhibits a markedly higher concentration among its top 10 investors. Specifically, these leading Dutch investors account for 19.6% of all Series B deal participations, which is more than double the 8.1% share held by Germany’s top 10 investors. This indicates a more oligopolistic investor landscape in the Netherlands compared to Germany’s more fragmented market.

Supporting this difference, Germany’s investor ecosystem is substantially larger, with 6,207 distinct investors participating in Series B rounds versus just 1,465 in the Netherlands. Despite this, the Netherlands’ top 10 investors maintain a greater grip on deal flow, suggesting a higher dominance concentration within a smaller pool.