Q1 2017 Report: European Venture Capital Rebound

Dow Jones Venturesource is out with their most recent European Venture Capital report and, according to them, the numbers are good for the first quarter of 2017.

While the total amount of venture funding raised in Q1 2017 is below Q1 2016, the numbers are improving. In Q4 of 2016, both the number of European venture deals and total amount raised declined. The “rebound” in Q1 of 2017 took place as €2.23 billion was raised during the quarter. This was a 32% increase over Q4 of 2016. The numbers were helped quite a bit by Atomico’s Atomico Ventures IV fund, which raised €723.30 million. This was the largest fund of the quarter, accounting for 32% of the total amount raised in 1Q 2017.

The report states that Business and Financial Services was the strongest sector of the quarter regarding amount raised and number of deals. This sector netted €877.92 million across 163 transactions.

Consumer Services took second place for the amount invested booking €650.57 million across 130 deals. This represented 24% of all transactions and 23% of the total amount that went into European VC-backed companies during the quarter. Healthcare came in a close third at €645.10 million with 73 deals.

Within the top 5 deals Funding Circle closed, according to Dow Jones. The UK based online lender took home approximately $100 million.

Brexit aside, the UK still maintains the most favoured nation status for equity financings for VC backed companies. The UK received €970.28 million that went into 150 deals. France came in second place with  €398.02 million for 78 deals and Germany came in third with €371.04 million in 59 deals.

The Dow Jones Report is embedded below.

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