The European VC industry has struggled recently. Sure, there are several cities that shine as beacons of Europe’s potential, but political and economic uncertainties have worked to hold back a major breakout. Coupled with low levels of mega-funds that can support an ever-growing industry, Europe is hampered by hurdles on every side.
While uncertainties persist, changes are in the making. Already in 2017 two mega-funds—one being one of the largest VC fund raised by a Europe-headquartered entity—have increased the amount of late-stage capital tremendously.
The PitchBook 1Q 2017 European Venture Report dives into VC datasets for deals, exits and fundraising to look at all the issues that surround the current landscape. Below are 16 charts that serve as a high-level snapshot. To download the full report, click here.
European VC activity off to slow start
Yost Partners was up 0.8% for the first quarter, while the Yost Focused Long Funds lost 5% net. The firm's benchmark, the MSCI World Index, declined by 5.2%. The funds' returns outperformed their benchmark due to their tilt toward value, high exposures to energy and financials and a bias toward quality. In his first-quarter letter Read More
First-time financings set to decline for fourth consecutive year
Median deal sizes continue to surge upward
Participation by corporate VC an increasing phenomenon in Europe
Median exit size staying high
Fundraising looks strong after record years
For more in-depth analysis surrounding the European venture ecosystem, download our 1Q 2017 European Venture Report here
Article by PitchBook