European venture capital activity saw €5.9 billion invested across 296 rounds during the third quarter of 2019, the strongest quarter on record according to research by Refinitiv.
During the first nine months of 2019, total venture capital investments reached €17.4 billion across 1,113 rounds, a 52% increase by investment value compared to a year ago and higher than any annual total save for 2000, the height of the dot-com era.
Greg Beaman, Manager, Private Equity Contributions at Refinitiv comments: “Instead of returning to previous levels following a substantial start to the year, the pace of European venture investment actually increased in the third quarter, resulting in the strongest individual quarter ever recorded.
“One possible explanation for this has been the steadily increasing foreign investment over the past few years, as funds based within Europe dropped from providing an 84% share of total financings a decade ago, to just 59% in 2019.”
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