EuropeanVCdeal activity continued to decline in the second quarter of 2023, the latest report by Pitchbook has found.
This means that an extra 72.6bn in value would be needed in H2 to reach 2022s annual levels.
Meanwhile, amid valuation uncertainty and market volatility, investors andstartupsare delaying exit plans.
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Europeisnt alone in seeing its VC activity take a toll.
The downward trend is also seen in fundraising and exits.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
