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European VC Valuations Report

2020 Annual

European VC Valuations Report

March 8, 2021

European VC Valuations Report
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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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