Its been a tough start to the year for tech investments. According to a new report, European VC fundraising is on pace for its lowest annual total since 2015. Research by PitchBook, a financial data firm, found that European VC funds raised over 20bn in each of the past four years but only 3.4bn in Q1 2023. Total VC deal value fell 32% quarter-over-quarter (QoQ) to 11.8bn. Deal count, meanwhile, dropped 19%. Pitchbook called the quarter the first substantial decline from the pace set in the past four years. The VC ecosystem could finally be displaying the effects of…
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