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Trends and Insights

23 Jan 2024

European VCs Are Craving for Exits

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In 2023, the European venture deal value fell nearly 46% from the previous year to €57.1bn, as reported by PitchBook. Excluding the surge in 2021 and 2022, a growth trend is observed. However, [exit activity plunged significantly](, marking the lowest since 2013 at €11.8bn, over 70% lower than in 2022, with most exits being acquisitions. The initial public offering (IPO) window remained closed, impacting exit opportunities.