Link to original article: European Venture Report
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European VC activity missed the mark in 2022
After years of continuous growth, European venture capital activity slowed last year with both deal count and value coming in below 2021’s numbers.
Some €91.6 billion was invested across an estimated 12,383 deals in 2022, representing year-over year declines of 15.9% and 4.9%, respectively. Nevertheless, it was still the second-biggest year for European VC activity. PitchBook’s 2022 Annual European Venture Report showcases the key trends that shaped the continent’s VC ecosystem last year.
Takeaways include:
- Venture growth and late-stage represented 65.6% of deal value, up from 2021.
- Nontraditional investor participation in European rounds remained resilient.
- Exit value saw its third-largest total despite reduced IPO appetite.
- Fund value reached a record €25.4 billion but vehicle count fell sharply.
Table of contents
| Introduction | 3 |
| Deals | 4 |
| VC deals by region and sector | 7 |
| Nontraditional investors | 8 |
| Spotlight: DACH | 10 |
| Exits | 12 |
| Fundraising | 14 |