For a second year, Enterprise Ireland—the Republic of Ireland’s economic development agency—has topped the list of the the most active investors in European venture capital as investment from the broader private sector remains lackluster.
It has been a disappointing year for VC dealmaking in Europe with €55.1 billion ($57.2 billion) invested across 8,458 rounds, according to PitchBook data. With the year almost over, it is likely that deal value will fall to its lowest annual figure in four years, though investment remains significantly higher than pre-pandemic levels.
The vast majority of Europe’s most active VCs in the region are headquartered in the region, with the exception of Singapore-based Antler and US firm FJ Labs. Domestic investors typically are in higher concentration in the early stages, which accounted for almost two-thirds of deal count in Europe this year.
Several of the most active VC investors have government ties, highlighting the significant role the public sector has in supporting the startup ecosystem. In the midst of global macroeconomic challenges, governments are still stepping in to stimulate innovation and growth, particularly in sectors where private capital may be hesitant to invest.
Take a look at the 10 most active VC firms in European VC deals this year, according to PitchBook data.
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