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Table of contents
2023 Annual
European Venture Report
January 17, 2024
2023 marked by disappointment for Europe’s VC market
European venture dealmaking fell significantly in 2023 compared with the prior two years but still landed above the 10-year average.
Total deal value reached €57.1 billion, according our 2023 Annual European Venture Report, sponsored by J.P. Morgan, representing a year-over-year decline of 45.6%. Deal count fell to a lesser extent, and some signs of improvement in deal value appeared through Q3. However, the decline in annual deal value cast doubts over when Europe’s venture market may recover.
Table of contents
| Introduction | 4 |
| Deals | 5 |
| Nontraditional investors | 8 |
| Spotlight: UK & Ireland | 9 |
| Exits | 10 |
| Fundraising | 12 |