Top ranking for Amsterdam
In a testament to the success of the efforts made by the City of Amsterdam to support and expand Amsterdam’s tech ecosystem, Hello Tomorrow has recently ranked Amsterdam among its top-ten cities globally for producing deep-tech companies. In a global ranking of countries, the Netherlands came fourth, and Delft University is in the top ten research institutes for producing deep-tech startups. It’s in large part due to successes such as these that Amsterdam has recently attracted leading European deep-tech VCs to choose the city as their main base of operations. Among them is 01Ventures.
An exciting addition to Amsterdam’s deep tech ecosystem
Deep tech encompasses the new ecosystem that supports growing markets such as artificial intelligence, advanced robotics, autonomous vehicles, blockchain and industry 4.0, all of which play extremely well into Europe’s core strengths. The deep-tech ecosystem requires a special breed of investor that can handle its specific challenges. These include lengthy time-to-market, high capital intensity, technology risk and complexity and building networks with corporates to support market entry. Having specific deep-tech focused venture funds will be crucial for these companies to succeed. That is why the City of Amsterdam is delighted to welcome 01Ventures.
Speaking on behalf of the City, Dieter Oude Kotte, Lead International Businesses at StartupAmsterdam, acknowledged the strength of the 01Ventures team and expressed his support. “I am excited to announce that 01Ventures and their exceptional team of technology investors have chosen to locate their European headquarters in Amsterdam. On behalf of our fine city I welcome this new, progressive and proactive investor and look forward to working with them to continue developing innovative startups in Netherlands and Europe. I am confident their fresh approach blending industry experience, technology knowledge and business skills will be as well received here as it has been elsewhere in Europe.”
The next tech generation in Amsterdam
The Amsterdam office complements another office in London, a strong deep-tech hub, but the team at 01Ventures are quick to point out that they view Amsterdam as an underestimated hub in Europe. “With a strong history of entrepreneurialism and an excellent pedigree in science and engineering the Netherlands, and in particular Amsterdam, stand to play an important role in the development of the next generation of technology, from robotics and industry 4.0 to quantum computing. We are excited and honoured to receive such a warm welcome from the city,” said Ton van ’t Noordende, CEO at 01Ventures.
Through the years Van ’t Noordende has been an active and strong advocate for Dutch startup founders through his work with StartupAmsterdam, as the Investor in Residence at StartupDelta, Founder of Angel Island and Founder of the e/d/t Foundation. He continues to work closely with HRH Prince Constantijn van Oranje, the Special Envoy to StartupDelta, who also extended a warm welcome to the team. “StartupDelta – the organisation supporting high-growth tech entrepreneurs in the Netherlands – is very happy to welcome 01Ventures to the Netherlands. We expect that their deep understanding of technology and its applications, their networks and expertise will boost our entrepreneurs and tech-forward culture. This will continue to move the Netherlands further in the direction of Europe’s leading tech hub.”
Deep tech in Europe
While Europe has missed out on the investment success in internet, search and social media, with the lion’s share of investment returns flowing to the US (e.g. Yahoo!, Google, Facebook, Amazon, Airbnb and Uber) and China (e.g. Alibaba, Baidu, Tencent, DiDi Chuxing, Meituan Dianping), the continent is now ready to make its comeback. Europe is already a leading force in deep tech talent, being home to the largest share of the top 100 AI research institutions worldwide and with 5.5 million professional software developers, compared to 4.4 million in the US, according to Stack Overflow. While the ecosystem supporting these entrepreneurs is still lagging behind the US, Europe has started to close the gap, as demonstrated by Atomico’s The State of European Tech 2017 report. “The future is being invented in Europe,” it proclaims.
01Ventures is an early- and growth-stage pan-European deep tech investor with a headquarters in Amsterdam and an office in London. The team look to invest in technology startups that fit into any of their five themes: decentralisation; data networks & machine intelligence; automation; human-computer interaction and enabling technology. To date, 01Ventures has made three investments: London-based Bibblio, who have built the most advanced knowledge discovery engine; Helsinki-based Volossa, who have built a market leading video AI that understands video the way a human does; and New York-based Teralytic, who have developed a precision agriculture solution for monitoring soil health.