With the curve somewhat flattened and the worst of COVID-19 seemingly behind us, it is time to look forward again. And despite positive developments and easing lockdowns, it seems like the coronavirus will have a lasting impact on society. How does the market react, are investors still out looking for the next big thing and where are the chances? We checked in with VC’s from Amsterdam to find out how they are assessing the current situation.
Prime Ventures: ‘tough time for some’
“March and April were very uneasy for our portfolio, due to all the uncertainty”, says Pieter Welten. He is partner at Prime Ventures, based in Amsterdam. Among the companies in his portfolio are Terrapay, Creative Group and Leavy. “The entrepreneurs have worked really hard and now, a couple months later, we see they have it under control for now.” COVID-19 does leave an imprint on the market, Welten admits. “Some companies still have a tough time, but for others the situation made them grow faster. I do think most of them will be more careful using their funding, expanding, recruiting etcetera until there is more certainty in where this is all going.”