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Laxman Pai, Opalesque Asia: European venture capital (VC) deal value reached record highs with €32.4 billion total invested across 5,017 deals compared to €24.3 ($36bn) across 5,929 deals in 2018.
All European regions set new deal value records in 2019, indicating a well-balanced and diverse ecosystem, according to PitchBook Q4 2019 European Venture Report.
Germany-based companies had a particularly notable year, claiming both the largest round and largest exit in 2019, while software was the most successful sector, pulling in the most capital and representing 43.0% of all exits.
Total capital raised across European funds also crept up to a new record, posting €11.2 billion across 77 closed vehicles. The record values in both dealmaking and fundraising despite lower counts were helped by rising median round and fund sizes.
Capital flooded in from nontraditional and international investors, with both US VC investor and CVC participation growing by more than 50% year-over-year.
After a record-breaking 2018 and largely lackluster start to 2019, exits recovered in Q4 2019 to post a respectable annual exit total in line with previous trends. The sharp drop indicates 2018 was an anomaly given multiple outsized exits by companies like Spotify, Adyen and Farfetch.
Deal value with US VC investor participation hit a new high in 2019
Deal value with US VC investor participation hit a new high in 2019 at €16.6 billion, representing a 54.9% year-over-yea...................... To view our full article Click here
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