Experts believe that software companies in the Netherlands have become profitable now, largely due to strong growth in recurring revenue and implementation of SaaS models.
According to the Quarterly Startup Report, Dutch startups and scale-ups have raised €1.5B in venture capital in Q3 2021, bringing the total for the first three quarters to €4.5B. This year, many Amsterdam-based SaaS startups raised fundings and a few of them have raised more than €10M.