Unsurprisingly, public listing value continued its downward trend, seeing a 79.8% drop.

Still,softwarealongside biotech & pharma generated most of the value in Q3 2023.

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2023 to be Europe’s ‘most depressed’ year for VC exit value in a decade

Cause for hope?

Nevertheless, it remains to be seen whether Europes unclear macroeconomic environment can sustain market recovery.

Story byIoanna Lykiardopoulou

Ioanna is a writer at TNW.

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With a background in the humanities, she has a soft spot for social impact-enabling technologies.

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