European VC funding drops in Q1

Published 13 April 2023


Crunchbase, a provider of data on investments and funding, has published new numbers on European VC.

The numbers confirm what industry actors have felt in 2023: the market is dropping.

In 2023 year to date, European startups have raised USD 10.6 billion, which is a fall of 18% quarter over quarter and 66% year over year. This fits the general market tendencies, whereas the global funding market is down 53% year over year.

On the bright side is, however, that early-stage funding saw the lowest drop of “only” 7% quarter over quarter, thus pre-seed stage companies seeing more stability than the general market.

You can read the full article here.

See also our other VC market updates about decreasing valuations here, and sector differences here.