For both early-stage and late-stage venture investments in Europe, average pre-money valuations have reached all-time highs in 2020. The COVID-19 crisis is still raging across the region, yet both established VC firms and nontraditional investors remain optimistic—particularly toward startups in sectors that have thrived during the pandemic, such as software and healthcare.
PitchBook’s Q3 2020 European VC Valuations Report dives deep into the reasons for this resilience, with the latest detailed data breaking down valuations across various stages, industries, geographies, and more. Key takeaways include:
- Nontraditional investors continue pouring money into VC in pursuit of pandemic-proof tech innovations.
- The aggregate post-money valuation of unicorns in Europe has surpassed €100 billion for the first time.
- Exit value is beginning to bounce back in the second half of the year after a bumpy first six months.
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