Pitchbook: European VC Maintains Momentum with Record-Breaking Q1

Published 7 May 2021


According to Pitchbook, European venture capital 2021 started off strongly with VC deal value rising to a new quarterly record in Q1 2021. Approximately €17.6 billion was invested across 1,907 deals, and VC activity is expected to break annual records as the year progresses. Highlights from the first quarter of 2021 also include:

  • Nearly 75 percent of all VC capital invested in Europe was claimed by late-stage deals.
  • The UK is still the premier destination in Europe for VC deals despite the uncertainty caused by Brexit and Covid-19.
  • Due to the emergence of SPACs and frothy global market valuations, exits in Q1 reached €21 billion and surpassed the total exit value of the entire 2020.

You’ll find the report, which outline the key trends that have defined Europe’s VC market in Q1 2021, here.