European Venture Report

Europe’s venture market sees uptick in deal value 

Europe has seen venture deal value grow for the third consecutive quarter, but 2023’s annual total is likely to fall far short of recent years.  

PitchBook’s Q3 2023 European Venture Report shows that startups have raised €43.6 billion in the first nine months of this year—nearly 50% lower than in the same period in 2022. While the drop is significant, this year’s annual deal value figure is on track to reach pre-2021 levels, signalling that Europe’s venture market has still experienced long-term structural growth.