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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](https://email.sifted.eu/the-biggest-problem-for-vcs-and-startups-in-2024?ecid=ACsprvvW1FdRElSzTRKua6CylWbj8vznFFZhcOu9lP43dRw8hK7sm5p3oI8oDsvmwSSbb0SpZ_8R&utm_campaign=Sifted%20Daily%20Newsletter&utm_medium=email&_hsmi=290390080&_hsenc=p2ANqtz-9NtHApCuG4JRyk-RR4EuappHfET9bQHkfux0CHJkRxn5gW-hJnF5-8nrrrH95LBWSNm3ZZN15F0Jm_Qy-a6ujXEQPh8g&utm_content=290390080&utm_source=hs_email), 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.