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VC investment in European startups plunged 21% in Q3 2018

As Silicon Valley and China see VC investment boost up, Europe appears to be slipping right into a decrease tools. In step with the newest quarterly numbers from Dow Jones VentureSource, the volume of investment raised by means of startups in Europe and the selection of offers all slid sharply within the 3 months finishing in September.

The 3Q18 Europe Undertaking Capital document launched nowadays confirmed that VC-backed firms in Europe raised $five.22 billion in Q3, down 21 % from the similar duration ultimate 12 months. There have been 684 fundraising offers, about nine % fewer than Q3 2017.

The ones numbers had been additionally down from Q2 2018, with investment falling 26 % and the selection of offers down 18 %.

Even with Brexit looming, startups in the UK had been nonetheless primary by means of an extended shot, elevating 43 % of the entire capital in Q3 and accounting for 32 % of the offers. Nonetheless, the $2.three billion raised by means of U.Ok. startups used to be down 11 % from Q2, and the 215 offers had been down 16 %.

France ranked 2d in the case of VC raised, with $679 million, and 3rd in selection of offers with 78. Germany used to be 3rd in quantity raised, with $631 million, and 2d in selection of offers with 83.

The inside track used to be somewhat higher for mission capitalists. There have been 24 VC finances closed within the quarter, for a complete of $four.1 billion raised. That’s up 50 % from the former quarter and up 90 % from the similar quarter three hundred and sixty five days in the past.

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