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European Venture Report?uq=x1rNslWr

2017 Annual

European Venture Report

February 7, 2018

European Venture Report?uq=x1rNslWr
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2017 was a record year for Europe’s venture ecosystem, with €16.9 billion in capital invested—the highest number PitchBook has recorded. Deal count, however, trended downward for the third consecutive year. The final number of closed deals came in at just 3,306, a 24% decrease from 2016 and the lowest number of financings since 2012. 

The 2017 Annual European Venture Report details the data and analysis behind the growing European venture industry, looking through deals, exits and fundraising figures to illuminate the market's path forward. Also included are special breakdowns of investment in artificial intelligence and the continued strength of the UK and Ireland. 

Key highlights:

  • 2017 was a record year for Europe’s venture ecosystem, with €16.9 billion in capital invested—the highest number PitchBook has recorded. However, with just 3,306 deals completed, deal count trended downward for the third consecutive year.
  • Contrary to earlier indications, 2017 proved to be a rebound year for VC-backed IPOs, raising over €3 billion across 53 offerings. Assisted by larger offerings from Delivery Hero and Rovio, this year was the strongest showing since 2014, which retains decade-highs values for both IPO value and count. 
  • 2017 has been a landmark year for artificial intelligence and machine learning funding, as annual VC investment topped €1 billion for the first time as well as 30x growth in deal count over the past decade.