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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 equipment. In keeping with the most recent quarterly numbers from Dow Jones VentureSource, the quantity of investment raised by way of startups in Europe and the collection of offers all slid sharply within the 3 months finishing in September.

The 3Q18 Europe Project Capital document launched as of late confirmed that VC-backed corporations in Europe raised $five.22 billion in Q3, down 21 % from the similar length closing yr. 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 collection of offers down 18 %.

Even with Brexit looming, startups in the UK had been nonetheless primary by way of a protracted shot, elevating 43 % of the overall capital in Q3 and accounting for 32 % of the offers. Nonetheless, the $2.three billion raised by way of U.Ok. startups was once down 11 % from Q2, and the 215 offers had been down 16 %.

France ranked 2nd on the subject of VC raised, with $679 million, and 3rd in collection of offers with 78. Germany was once 3rd in quantity raised, with $631 million, and 2nd in collection of offers with 83.

The scoop was once a little higher for challenge capitalists. There have been 24 VC budget 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 twelve months in the past.

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