Its been a rough start to 2023 for Europeanstartups.
Nalin Patel, the reports author, noted that investors across the board have become more selective.
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Rays of hope were hard to find in the report, but a few shone through the gloom.
Angel valuations were robust, with the median pacing at 3.7 millionabove the 3m figure registered in 2022.
Indeed, current market conditions could force investors to focus on ideas with the potential for long-term success.
Overall, however, the financial landscape remains treacherous.
We expect more colour on valuations to emerge as funding needs persist this year.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
