The booming startup ecosystem in the Netherlands is set to receive a further boost, thanks to the launch of Dutch Future Fund II (DFF II). Building on the success of its predecessor DFF I, the new fund-of-funds will be allocating a minimum of €200 million to Dutch VC funds.
Like its predecessor, the new fund is backed by Invest-NL and the European Investment Fund (EIF).
DFF II has the stated objective of enhancing the investment environment for Dutch startups and scale-ups in verticals such as energy transition, deep tech, circular economy, and agrifoods. It aims to deploy its capital into 10-12 funds, which will in turn provide growth financing to more than 100 startups.
In October 2020, Invest-NL and the EIF launched DFF I, with initial seed capital of €150 million. To date, the fund has committed a staggering €848 million to over 20 investment firms. They in turn invested in 73 Dutch ventures, including Crisp, QuantWare, and Fourthline.