We recently covered a report published by Index Ventures, which reveals how the European tech ecosystem has matured over time. However, it seems like one of the notable names in the tech industry believes it needs to be developed further. Daniel Ek, the cofounder and CEO of Spotify, says that Europe needs more “super” companies so that the tech ecosystem develops further. However, the entrepreneur is ready to put his money where his mouth is, as he has reportedly pledged investing €1B of his personal wealth in European deeptech startups.
Will to invest heavily in Moonshot projects
The aforementioned promise by Ek to pour a staggering €1B is for helping the European tech ecosystem. Ek apparently stated this during a recent fireside chat at Node by Slush but the video mentioning this was made private soon after. However, Ek also revealed that he will be investing in moonshot projects.