Spotify founder Daniel Ek pledges €1B for European tech startups
September 28, 2020
Spotify founder and CEO Daniel Ek has said he plans to invest €1 billion in European tech startups. Making the announcement via Node, a virtual networking platform run by the Slush tech conference, Ek said that he would target early-stage businesses that may be too early for most VC firms in sectors such as machine learning, biotech and materials science. Ek has previously backed startups including telemedicine company Kry and housing marketplace provider Student.com.