20250520 FKD-expertmeeting AI presentatie Sebastiaan Vaessen

State of Tech and AI in Europe and The Netherlands Preview for the City of Amsterdam

May 2025

Investing in the AI-enabled Future of Commerce.

Global startup & venture capital intelligence platform.

Prosus is a global technology company, unlocking an AI first world for its 2 billion customers. With investments in more than 100 companies across the world, Prosus builds local ecommerce champions in growth markets.

Dealroom.co is a global intelligence platform for discovering and tracking the most promising companies, technologies and ecosystems. Clients include many of the worldʼs foremost organizations such as Sequoia, Accel, Index Ventures, McKinsey, BCG, Deloitte, Google, AWS, Microsoft, Stripe.

With leading positions in Food Delivery, Classifieds and Fintech, Prosus has created its own unique technology ecosystem, driving innovation, knowledge sharing and growth across its portfolio. Through the Prosus Ventures team, the Group invests in new technology growth opportunities within AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, agriculture and more. The team actively backs exceptional entrepreneurs who are using technology to improve peopleʼs everyday lives.

Page / 2

Dealroom partners closely with local tech ecosystem development agencies and enablers, to create a comprehensive multi-dimensional blueprint of the tech ecosystem, including capital, talent, innovation, entrepreneurship and overall economic dynamism.

1 Context: The need for European Big Tech 2 Rise of Artificial Intelligence 3 A call for action

Page / 3

Two major global economies. USA

EU27

335 million people

445 million people

Population growth since ʻ08

0.6% / year

0.1% / year

Nominal GDP

$27 trillion

€17 trillion

Real GDP growth since ʻ08

~2% / year

~1% / year

Years to double GDP

35 years

70 years

Trade as % of GDP (export + import)

27%

102%

Fortune 500 revenues (employees)

$18.8 trillion

$14.4 trillion

Strong federal spending capacity

Decentralized fiscal policies EU budget capped at ~1% of GDP

Population

Fiscal policy

Page / 4

Europe has lots of startups, but lacks breakthrough, mega-scale companies

New VC-backed companies per year

Europe

3,500

Americas

4,500

Asia

3,500

Page / 5

Unicorns and/or $100M revenue

Decacorns

1,045

41

2% conversion *

0.1% conversion *

2,167

166

5% conversion *

0.2% conversion *

1,109

60

3% conversion *

0.1% conversion *

* Note: Conversion rate of companies that received standardized seed rounds from 2015-2020 to unicorns and/or thoroughbreds, and decacorns. Booking.com and Arm are not VC-backed.

$100B+ companies

$1T+ companies

EV since 1990

$5T

$33T

$9T

The European ecosystem is catching up $3.9 trillion 11%

$4.0 trillion 11%

$6.7 trillion 16%

$5.1 trillion 15%

Rest of Rest ofWorld World

Rest of Rest ofWorld World

Rest Restof ofWorld World

Rest RestofofAsia Asia

Rest of Asia Asia Rest of

Restof of World World Rest Rest RestofofAsia Asia

China

China

$4.4 trillion 12%

China China

Rest ofofAsia Rest Asia China China

China China

India India

India India

Rest ofUSA USA Rest of

Rest of USA

Rest of USA

Rest of USA Rest of USA Microsoft, Amazon (both Seattle) (Microsoft, Amazon)

Rest of USA India

India India

Rest of USA

China China

$16 trillion 34%

Rest of USA

Rest of Rest ofUSA USA

Rest of USA

Bay BayArea Area Israel Israel MENA MENA Rest RestofofEurope Europe

Bay Area

Bay Area Bay Area

Bay Area

Bay Bay Area Area

BayArea Area Bay

Rest of Europe Rest Europe

Rest ofEurope Europe Rest of

UK UK

UK UK

Rest Restof of Europe Europe UK UK

Page / 6

UK UK

Bay Area NVIDIA, Amazon, Google, Bay Area Tesla, Meta, Broadcom (NVIDIA, Amazon, Google, Tesla, Meta, Broadcom)

Europe's VC ecosystem is ramping up fast

After a 30 year late start, Europe's younger generation of VC-backed startups are now around 18%.

Page / 7

Source:

Dealroom.co.

European Champions League The most valuable tech companies based or created in Europe since 1990 with valuation of >$10Bn(Decacorns+)

Europe can build.

Centacorns

Valuation (Bn$)

Decacorns

Valuation (Bn$) 52

Amsterdam is already home to many of Europe's largest tech companies.

339

45 19

286

19 18 17

168

15 14 13

166

13 13

124

11 10 13

103

11 10

Page / 8

Source:

Dealroom.co

Glasgow Edinburgh

Northern Triangle Universities of Leeds, Manchester and Sheffield (& periphery Lancaster and Liverpool) The Randstad Golden Triangle Oxford, Cambridge, London

Birmingham University of Birmingham (10 Nobel prizes)

Amsterdam Leiden The Hague

Bristol Semiconductors hub and University of Bristol

New Palo Alto: Amsterdam is at the center of European startup activity.

Page / 9

Research clusters within a 5 hour train ride of London.

Newport Cardiff

Wageningen Eindhoven / Rotterdam

Brainport (ASML, NXP)

London Southampton

Brussels

Paris-Saclay Cluster 40% of Paris Region public research and private R&D

Leuven / Flanders KU Leuven

Paris Sorbonne University (33 Nobel Prizes, 6 Fields Medals, & 1 Turing Award)

New Palo Alto ranks as the worldʼs #2 tech ecosystem Global Champions Rank

Startup Capital 21-24

Breakout Capital 21-24

Scaleup Capital 21-24

Combined Enterprise Value

Total Unicorns and $1B+ exits

<$15M rounds

<$15-100M rounds

>$100M rounds

As of 2024

Count

#1

#1

#1

#1

#2

#2

#1

#2

#1

#2

Alumni Founders

Patents

Number of alumni founders that raised more than $1M

Total number of active/pending patents

#1

#2

Page / 10

Within Europe, Amsterdam tech ecosystem is losing momentum

Page / 11

VC investments in Amsterdam are trailing

Page / 12

Major gap in later-stage, growth capital

VC investment by stage, 2024

Page / 13

Source:

Dealroom.co

Startup capital $0-15M rounds

Breakout capital $15-100M rounds

Scaleup capital $100M+ rounds

US has 50% more

US has 129% more

US has 567% more

1 Context: The need for European Big Tech 2 Rise of Artificial Intelligence 3 A call for action

Page / 14

AI is going exponential and is getting smarter faster than we comprehend.

Page / 15

US and China are battling for global dominance in AI.

Page / 16

Europe's contributions in AI are far more significant than people think or report

Mistral is competitive with the best AI labs (and its new app Le Chat is very fast…).

LLama, Meta's foundational model, was invented in Paris.

Hugging Face, the heart of the open-source AI community globally was started by French founders. Page / 17

DeepMind is based in London and its founder Demis Hassabis, now Nobel Prize winner, runs Google AI efforts.

Europe is producing its fair share of beloved fast-growing AI applications, such as ElevenLabs, Granola, and Lovable.

The Netherlands hosts >7% of European AI talent, nearly 3x as much as its share of population. Nearly half of that is in Amsterdam.

Page / 18

Source:

Dealroom.co

●

Amsterdam is 5th-7th in Europe for AI talent

●

Amsterdam accounts for 40-50% of all AI talent in the Netherlands

The Netherlands is a strong importing hub for AI talent

Page / 19

Source:

Zeki data

Amsterdam AI ecosystem is trailing other European hubs Overall

Per Capita

▊Early ▊Breakout ▊Late stage ▊EV ▊Unicorns ▊Funding growth ▊Alumni ▊Patents

▊Early ▊Breakout ▊Late stage ▊EV ▊Unicorns ▊Alumni ▊Patents

#8

#12

Page / 20

Source:

Dealroom ranking of European cities on competitiveness in AI (inve

Amsterdam : #8 tech ecosystem in Europe for AI

Startup Capital 21-24

Breakout Capital 21-24

Scaleup Capital 21-24

Combined Enterprise Value

Unicorns and $1B+ exits

<$15M rounds

<$15-100M rounds

>$100M rounds

As of 2024

Count

Alumni Founders

Patents

Number of alumni founders that raised more than $1M

Total number of active/pending patents

#1 #2 #3 #4 #5 #6 #7 #8

#5

#9 #10

Page / 21

Source:

Dealroom.co

#5

#25

#9

#9

#10

#43

How Zurich became a major AI powerhub ● ● ● ● ● ● ●

Page / 22

World-class academic institutions (ETH) Presence of big Tech (major Google office) 'AI sandbox' High quality of life High wages / low taxes International, English speaking tech scene Political stability, tech neutral

1 Context: The need for European Big Tech 2 Rise of Artificial Intelligence 3 A call for action

Page / 23

What should City of Amsterdam do?

Page / 24

Source:

●

Be welcoming to top-AI talent ○ International schools ○ Maintain high quality of life ○ Housing

●

Support the creation of AI Hub - to bring talent together

●

Work with AI - better gov is one area where we can win - and buy European

●

Support moonshot ideas by offering up Amsterdam as a AI sandbox for experimentation (drone delivery, etc.)

●

Stimulate Amsterdam Big Tech to invest ○ Open a major Tech AI hub in Amsterdam (Booking, Uber, Prosus, OpenAI) ○ Invest in Amsterdam VC

Dealroom.co

Page / 26

Europe is trailing in GenAI talent, but remains competitive for the next wave in Robotics, Autonomous Vehicles and AI-enabled manufacturing Percentage of market share of talent ▊Europe ▊US 100%

75%

50%

87%

78%

71%

13% Reinforcement learning

22%

51% 49%

53%

Visual question and answering

Statistical machine learning

Autonomous Vehicles

Robotic grasping

Source:

Zeki Data

47%

50% 50%

50% 50%

Robotic interaction

AI manufacturing

29%

Natural language processing

Deep Learning AI Skills Page / 27

49%

51%

25%

Next Wave AI Skills

AI share of total VC investment per country

Page / 28

Source:

Dealroom.co

9 of the worldʼs top 20 scientific tech clusters are in Europe.

Top 20 Scientific Tech Hubs

Learn more »

Note: Page / 29

Source:

Ranking based on a weighted ranking that combines levels of funding at different stages, along with university output (venture backed startups by alumni), and patents, and looks at it through a density lens Dealroom.co

New Palo Alto ranks as the worldʼs #2 tech ecosystem

#1 #2 #3 #4 #5 #6 #7 #8 #9 #10

Page / 30

Startup Capital 21-24

Breakout Capital Scaleup Capital 21-24 21-24

<$15M rounds

<$15-100M rounds

>$100M rounds

Alumni Founders Patents

Total Funding Growth

Combined Total Unicorns % growth, 19-20 vs. Enterprise Value and $1B+ exits 23-24

As of 2024

Count

Number of alumni Total number of founders that raised active/pending more than $1M patents