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Europe has experienced continuous growth in venture deal value for the third consecutive quarter. However, the total annual value for 2023 is expected to lag significantly behind the figures from previous years.
PitchBook has released the Q3 2023 European Venture Report, showcasing a comprehensive analysis of the VC landscape in Europe during this period. The report covers key areas such as deals, nontraditional investors, cleantech, exits, and fundraising.
Here are the key takeaways from the report.
Deals
Venture capital deal value in Europe for the first nine months of 2023 was €43.6B, representing a 49.1 per cent decline compared to the same period in 2022.