Netherlands and Switzerland both contract, ceding mid-table ground
90 days to 2026-07-01
The Netherlands fell from €1,137M across 35 deals to €749M across 24 deals, a 34% capital decline, while Switzerland dropped from €790M across 66 deals to €327M across 49 deals, a 59% decline. Together the two countries shed approximately €851M and 28 deals period-over-period. In the prior window the Netherlands ranked fourth by capital among the tracked countries, behind the UK (€7,549M), France (€3,912M), and Germany (€2,947M); Switzerland ranked sixth. In the recent window both have slipped further down the table, with the Netherlands at €749M now sitting below Sweden (€1,495M), Spain (€1,178M), and Finland (€1,041M), and Switzerland at €327M falling near Italy (€323M).
The contraction is particularly notable against the simultaneous gains posted by Spain, Finland, and Belgium. Spain grew 114% to €1,178M, Finland grew 285% to €1,041M, and Belgium grew 1,053% to €1,003M — three countries that collectively added roughly €2,314M in capital while the Netherlands and Switzerland together lost €851M. Deal counts tell a similar story: Switzerland's 49 recent deals still represent the second-highest volume in the dataset after Spain's 72, meaning its capital decline is concentrated in round sizes rather than deal frequency alone.
Across the full tracked universe, aggregate capital rose from approximately €19,500M to €23,121M period-over-period, so the Netherlands and Switzerland are contracting against a broadly expanding market. Their combined recent total of €1,076M represents about 4.7% of tracked capital, down from roughly 9.9% in the prior window, a shift that illustrates how mid-tier funding weight has redistributed toward the three rising markets without altering the dominance of the UK, Germany, and France at the top of the table.
Explore the geographies →AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-07-01). Every figure is automatically verified to trace to cited funding rounds before publishing. Not investment advice. Labelled for AI transparency (EU AI Act Art. 50, applicable from 2 Aug 2026).