Q3 2024 European Venture Capital Outlook

Q3 2024 showed signs of recovery for the venture market, with macroeconomics providing more support for valuations in both late and early stages.

Q3 2024 showed signs of recovery for the venture market, with macroeconomics providing more support for valuations in both late and early stages. However, some areas of the market still paced below trough 2023 levels.

As various areas of the venture ecosystem emerged as clear winners, our experts analysed which parts of deals, exits, and fundraising showed resilience and how they could impact the remainder of 2024.

In this on-demand webinar, industry experts and PitchBook analysts shared findings from our Q3 2024 European Venture Report, sponsored by J.P. Morgan, and provided insights on market trends, IPO windows, and unicorn valuations that should be on every investor’s radar.

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Key topics

The latest trends for deals, exits, and fundraising activity
The outlook for the European unicorn and IPO markets
Signs of strength and recovery in 2024 deal activity
Limited signs of recovery in VC exits
The state of fundraising

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Featuring

Nalin Patel

Director, EMEA Private Capital Research
Nalin Patel is the director of EMEA private capital research at PitchBook, where he oversees a team of analysts covering private markets in the EMEA region. Prior to joining PitchBook, Patel was an analyst at Goldman Sachs in London, conducting due diligence for investment banking transactions. Patel’s coverage included the Merchant Banking Division and the European Special Situations Group, where he focused on private equity, venture capital, and debt transactions, as well as investments in startups, real estate, technology, and growth capital.

Patel received a master’s degree in civil engineering from the University of Bristol. He is based in PitchBook’s London office.
Navina Rajan

Senior Research Analyst, EMEA Private Capital
Navina Rajan is a senior research analyst at PitchBook, covering EMEA Private Capital. Prior to PitchBook, she was a lead equity research analyst at Morgan Stanley, where she covered single stock and thematic research over the chemicals, internet, and food retail sectors. Rajan received a first-class bachelor’s degree in economics from Warwick University. She is based in PitchBook’s London office.
Rosh Wijayarathna

Co-Head Innovation Economy, EMEA, JP Morgan

Rosh co-leads JP Morgan’s EMEA Innovation Economy business, focusing on supporting companies ranging from Series A through to Private Equity and PLCs across five key verticals: technology, life science, disruptive commerce, fintech, and climate tech. Rosh has spent over 20 years working with high growth companies and, prior to joining JP Morgan, started and led Silicon Valley Bank’s Corporate Banking practice. Rosh loves working with founders and CEOs to help scale their businesses—he has been responsible for providing UK innovation companies with over $2 billion capital.
Michael Kleindl

Founder & Managing Partner Collateral Good EU

Michael is an investment specialist and team lead at Collateral Good EU. He is an experienced business angel and venture capital investor, serial entrepreneur, and successful founder of a multitude of digital businesses during the last 20 years, including some early Food Tech investments. Michael holds a university degree from European Business School and his track record includes two IPOs and numerous exits of portfolio companies to prestigious buyers such as Amazon, Axel Springer, Deutsche Post DHL, Eventbrite, and Just Eat.
Olaf Hannemann

Co-Founder & CIO, CV VC AG, Zug/CH

Co-founder and CIO of CV VC, Olaf is an aspiring and motivational investor with a 20-year career spanning international corporate banking, finance, and industrial advisory. Before transferring to blockchain, he was a banker at JPMorgan Chase in Switzerland, the UK, and Germany. Prior to that, he was an M&A and corporate finance advisor to the chemical industry across EMEA. Founder of nourishme GmbH and INTABA-Finance AG. Olaf holds an MBA from ECU and BA in international business from Accadis University.

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