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Q2 2023
European Venture Report
July 19, 2023
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Dark clouds settle over Europe's venture market
Venture deal count in Europe fell considerably in the first half of the year, but recovery in the public markets could signal a light at the end of the tunnel.
Deal value is down 60.8% from H1 2022, and more attention has been focused on follow-on funding and restructuring portfolio companies' operations to extend cash reserves.
Exit activity in Europe has also slowed to decade lows, with acquisitions remaining the most popular liquidity route despite a 93.2% decline in exit value from 2022.
Table of contents
Dark clouds settle over Europe's venture market
Venture deal count in Europe fell considerably in the first half of the year, but recovery in the public markets could signal a light at the end of the tunnel.
Deal value is down 60.8% from H1 2022, and more attention has been focused on follow-on funding and restructuring portfolio companies' operations to extend cash reserves.
Exit activity in Europe has also slowed to decade lows, with acquisitions remaining the most popular liquidity route despite a 93.2% decline in exit value from 2022.
Table of contents
| Introduction | 3 |
| Deals | 4 |
| Nontraditional investors | 8 |
| Spotlight: France VC dynamics | 10 |
| Exits | 11 |
| Fundraising | 13 |