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Amsterdam tech: over 60K jobs, with 10K net jobs added in last two years alone, new Dealroom report shows

Written on November 26, 2017 by Yoram Wijngaarde

Amsterdam has rapidly become a top-tier tech hub in Europe. The city is home to Dutch companies such as Adyen, Takeaway.com, Booking.com and MessageBird. Several major global tech companies have made Amsterdam their European hub, such as Uber, Netflix and Tesla. But how many people work in Amsterdam’s tech community? What is the overall impact on the Amsterdam job market? A new report, prepared by Dealroom.co and commissioned by StartupAmsterdam answers these questions.

The report is free to download here

Key findings

  • About 60K people work at 1,052 tech companies in Amsterdam, thus representing 11% of the total 527K job market in Amsterdam (1)
  • 756 companies were identified as startups (2-50 people), 263 as scale-ups (51-500 people), and 33 as grownups (500+ people)
  • Local tech giants, Booking.com, TomTom and Adyen, together employ nearly 6K people in Amsterdam. The 30 largest home-grown companies represent 16K jobs (= 48% of home-grown jobs and 26% of total jobs)
  • 859 companies are home-grown (founded in Amsterdam), representing 55% of all 60K jobs. 184 companies are major foreign tech companies with significant presence in Amsterdam such as Uber, Netflix, Microsoft (representing 45% of 60K jobs)
  • The main growth drivers are home-grown startups & scale-ups, growing jobs by 13% per year between 2015 and 2017, and foreign tech companies growing jobs by another 9% per year (2)
  • Over 10K jobs were added in two years, making tech a major driver of job growth in Amsterdam, matched only by the hospitality sector (restaurants, bars, hotels), and growing well ahead of finance and other major sectors
  • Venture capital activity, which has tripled in the last 4 years, is acting as an important catalyst to job growth. In 2016 Dutch VCs raised records amounts of capital. This means plenty of dry-powder still to be invested in 2018 and 2019

Scope & methodology

  • This report is prepared by Dealroom and commissioned by StartupAmsterdam, who also provided hands-on support with data and data-cleaning
  • A bottom-up approach (company-by-company) was applied by using Dealroom’s own database as foundation, with additional desktop research
  • StartupAmsterdam provided valuable input and made supporting data available
  • This report focuses exclusively on tech-centric companies in Amsterdam, Schiphol Airport and Amsterdam Zuid-Oost, between 2015 to 2017
  • Included are startups (2-50 people), scale-ups (51-500 people), grownups (500+ people) and foreign tech companies with significant presence in Amsterdam
  • Excluded are companies with one employee. Not counted are tech jobs at multinational companies (Shell, Philips, ING…)
  • Most of the data used in this report is available for free via the Amsterdam Startupmap, a crowd-sourced & free resource, powered by Dealroom
  • Dealroom anticipates doing recurring updates of this study to monitor the evolution of Amsterdam’s tech ecosystem

About Dealroom

Founded in 2013 in Amsterdam, Dealroom helps corporations, investment firms and governments to track innovative companies and identify strategic opportunities, through data-driven software which is accessible via dealroom.co. World-class corporates, venture capital & private equity firms, consultants and banks use Dealroom’s software, database and bespoke research to identify & track growth opportunities and stay at the forefront of innovation.

Notes:

  1. Source: City of Amsterdam’s ARRA database.
  2. Bron: Estimate by Dealroom based on years 2011-2017.

Useful links:

Report: https://blog.dealroom.co/wp-content/uploads/2017/11/Amsterdam-Nov-2017-vFINAL.pdf
Image: https://blog.dealroom.co/wp-content/uploads/2017/11/Amsterdam-Nov-2017-vFINAL.png
Amsterdam Startupmap: https://startupmap.iamsterdam.com/map