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European VC Valuations Report

2020 Annual

European VC Valuations Report

March 8, 2021

Why investors have sent European VC valuations soaring

VC valuations in Europe surged in 2020, finishing up year-over-year at all financing stages—an astonishing demonstration of investors' confidence in the future despite the volatility endemic to 2020.

A blend of pandemic-proof and pandemic-induced startups helped fuel this trend, alongside strong participation from nontraditional backers, according to our 2020 Annual European VC Valuations Report. Key takeaways include:
  • Europe added 17 unicorns in 2020, ending the year with a record 61 €1 billion+ companies at an aggregate valuation of €110.1 billion.
  • Venture-backed companies are exiting at higher prices than ever before, with the upper-quartile valuation surging nearly 54% to €101.5 million.
  • The expanding variety of startups has driven corresponding growth in the pool of nontraditional investors, whose sustained capital infusions helped keep valuations high.

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