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Laxman Pai, Opalesque Asia: European VC deal value hitting a new annual record of €42.8 billion across 9,341 deals, representing a 14.8% YoY increase in value from the previous record set in 2019, said a study.
According to PitchBook's 2020 Annual European Venture Report, firms raised €19.6 billion for new venture funds in 2020, another new all-time high, it said.
"VC deal value remained aloft despite COVID-19 and set a new annual record, a noteworthy achievement considering macroeconomic damage delivered by the pandemic," it said.
The deluge of capital deposited into larger rounds did not relent in 2020. Pandemic-induced opportunities and existing VC companies within technology and healthcare have been well-positioned to grow. VC investment into the UK stayed robust despite Brexit, and capital from the US flowed freely into Europe in 2020.
Deals sized over €25 million represented a record 61.8%, or €26.5 billion, of capital invested in 2020, with late-stage, €500 million+ financing deals for the likes of CureVac, Klarna, Deliveroo, N26, Revolut, and Northvolt boosting the total tally rather high for such a challenging year.
According to PitchBook's report, VC exit value in Europe showed incredible strength amid widespread volatility in 2020. The total European VC exit value has increased 13.9% year-over-year to €18.6 billion across 697 deals compared to 2019 - with €7.6 billion in value in Q4 2020 alone.
As was the case in 2019, the DACH re...................... To view our full article Click here
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