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Q3 2022
European Venture Report
October 31, 2022
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Market turmoil catches up with European VC in Q3
European venture dealmaking dipped in Q3 as market conditions become increasingly challenging. Deal value fell 36.1% quarter-over-quarter to €18.4 billion, the lowest figure since Q4 2020, although annual totals are still on pace with 2021.
PitchBook’s Q3 2022 European Venture Report showcases the key trends that have shaped the continent’s VC ecosystem.
Takeaways include:
Table of contents
Market turmoil catches up with European VC in Q3
European venture dealmaking dipped in Q3 as market conditions become increasingly challenging. Deal value fell 36.1% quarter-over-quarter to €18.4 billion, the lowest figure since Q4 2020, although annual totals are still on pace with 2021.
PitchBook’s Q3 2022 European Venture Report showcases the key trends that have shaped the continent’s VC ecosystem.
Takeaways include:
- Nontraditional investors remain active in Europe’s startup scene.
- Exit count shows resilience, but value falls sharply compared to last year.
- European VC fundraising activity remains healthy, with 145 closes worth €19.7 billion in aggregate.
Table of contents
| Introduction | 3 |
| Overview | 4 |
| VC deals by region and sector | 7 |
| Nontraditional investors | 8 |
| Spotlight: UK & Ireland | 10 |
| Exits | 12 |
| Fundraising | 16 |