It’s been a tough start to the year for tech investments. According to a new report, European VC fundraising is on pace for its lowest annual total since 2015. Research by PitchBook, a financial data firm, found that European VC funds raised over €20bn in each of the past four years — but only €3.4bn in Q1 2023. Total VC deal value fell 32% quarter-over-quarter (QoQ) to €11.8bn. Deal count, meanwhile, dropped 19%. Pitchbook called the quarter “the first substantial decline” from the pace set in the past four years. “The VC ecosystem could finally be displaying the effects of…
This story continues at The Next Web
https://thenextweb.com/news/european-vc-fundraising-lowest-since-2015-pitchbook
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Apr 18, 2023, 4:21:29 PM
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