The coronavirus pandemic impacted various aspects of the economy, and as a result, some sectors observed increased demands while others were negatively impacted. Multiple businesses faced losses, while the startups were afraid of fundings drying up. However, with lockdown relaxing in Amsterdam and most parts of the Netherlands, the country’s startup and scaleup scene seems to have gotten better.
According to a recent Dealroom/StartupAmsterdam report, the combined value of Amsterdam’s tech ecosystem has expanded to €73B, compared to €10B in 2015. This makes Amsterdam the third-ranked tech ecosystem in Europe, by the total value of tech companies founded since 2000. Another report ranks Amsterdam as the third best startup ecosystem in Europe, after London and Stockholm. Globally, the city stands in the 12th position.