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