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Q2 2023
PitchBook Venture First Look
July 5, 2023
European and global VC finds its footing as headwinds weaken
The first half of the year delivered more challenges to venture capital, but those headwinds may be weakening, according to our data from the Q2 2023 PitchBook Venture First Look, which focuses on the European and global VC markets.
Valuations continued to fall, but quarterly capital raised by startups has been relatively steady for the past three quarters. Much depends on the revival of the exit environment and, by extension, the flow of capital back into new funds.
The first half of the year delivered more challenges to venture capital, but those headwinds may be weakening, according to our data from the Q2 2023 PitchBook Venture First Look, which focuses on the European and global VC markets.
Valuations continued to fall, but quarterly capital raised by startups has been relatively steady for the past three quarters. Much depends on the revival of the exit environment and, by extension, the flow of capital back into new funds.