European VC Valuations Report

Interested in sponsoring future editions of this report? Visit our media partnerships page to learn more.

European VC valuations trend upward in the face of uncertainty

Despite falling public tech stocks and a bleak market outlook, European venture valuations still paced above last year’s figures in the first six months of the year. 

VC dealmaking in Europe remained strong in H1 despite a myriad of headwinds which helped keep valuations afloat, but as the year progresses, the full impact of a downturn may cause startup price tags to deflate. 

Our Q2 2022 European VC Valuations report explores how valuations are faring across stages, sectors and geographies and what current market conditions mean for the future.

Key takeaways include:

• Early-stage European valuations remained relatively insulated from public market volatility, currently pacing 34.1% higher than in 2021. 

 

• The number of down rounds ticked upwards slightly to now stand at 15.4% of rounds closed in H1. 

 

• The total worth of European unicorns grew 34.8% mostly due to strong dealmaking in Q1. 

 

• A significantly quieter IPO market has seen public listing exit valuations drop by 56.8% from 2021.