Venture capital data It is retrospective and, at best, a trailing indicator. Therefore, TechCrunch+’s reports on third-quarter venture capital activity are a long, if serious, look in the rearview mirror. This is what happened.
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A good retrospective has value. But what we don’t want to do is assume that what has been will always be, and thus make it appear that the past is actually the present. To that end, European venture capital data is down sharply from previous highs in the third quarter (more here on the global numbers), but there is enough bullish material within the data that, when we look ahead, the European scene of venture capital and startups has plenty. going for it.
Based on data from PitchBook and a recent Negotiating room report, this morning we are looking for green shoots. After all, it’s already old news that venture capital totals have declined around the world. What can we say about what comes next? Let’s find out!
Down but not out
PitchBook estimates that European startups have raised €43.6 billion ($46 billion) through the third quarter of 2023. This, according to the Private Market Companies Database, is up just over 49% compared to totals from the previous year in the same period. That’s the bad new.
