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European Venture Report

Q1 2024

European Venture Report

April 17, 2024

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A comeback for European VC? 

After ending 2023 on a sour note, European VC deal value has bounced back in Q1 with an increase of 19.1% YoY and 16.2% from Q4. Fewer rounds took place than in the previous quarter as investors prioritized quality over quantity, according to PitchBook’s Q1 2024 European Venture Report, sponsored by J.P. Morgan.

In contrast, exit activity for European VC-backed companies has shown little sign of recovery, particularly for listings that remain dormant. At their current pace, 2024’s exit figures will likely fall below last year's.


Table of contents
Introduction 4
Deals 5
Nontraditional investors 8
Spotlight: Female-founded activity 9
A word from J.P. Morgan 11
Exits 13
Fundraising 15