Dutch start-ups raised €252m in investment cash this year, well down on the total in 2014 and 2015, according to website Startup Juncture, which monitors developments in the sector.

However, the earlier figures were boosted by major investments in payment system Ayden, Takeaway and online auction house Catawiki, the organisation said.

‘If we don’t include the above mentioned skews, we can conclude that the investments were roughly €225m in 2014, €305m in 2015and €252m this year,’ Start-up Juncture said. ‘So even without the outliers, 2016 shows a huge drop as compared to last year.’

‘The decline can be paralleled with the overall declining trust of investors in start-ups,’ the organisation said. ‘This is a world wide trend: investors seem to be looking “beyond the startup hype”. The funding climate for startups in The Netherlands is no exception to this.’

Start-up Juncture also notes that the top 10 list may not be completely accurate because some companies do not go public about their investments.

This year, medical technology companies in particular have attracted outside cash ‘even though the overall medtech hype is long gone,’ Start-up Juncture said.

1. G-Therapeutics (technology to help paraplegics) €26m
2. Bynder  (marketing software) €22m
3. Gitlab (coding platform) €17.8m
4. Nightbalance  (sleep apnea) €12.5m
5. Bluebee (DNA analytics) €10m
6. Gadeta (cancer treatment) €7m
7. 3D Hubs (platform for 3D printing) €6.3m
8. Bux (stock exchange app) €6.1m
9. Insided (platforms for internal communications) €6m
10. EclecticIQ (online security) €5.5m

Full list