2022-08-26 10:01:45
Startups are using private capital more often
Venture capital deals are in full swing in Europe as cash abundance, public market turmoil and falling valuations encourage companies to stay private longer and longer.
In the first half of the year, venture capital financing in Europe reached nearly
$57 billion, just 4% less than the same period last year.
The war in Ukraine and the deepening energy crisis, as well as the threat of a recession as central banks raised rates to curb frenzied inflation, curbed risk appetite by rolling back IPOs around the world. Investors were eager to put their money where their mouths are, allowing companies to delay going public.
That's bad news for the weakening European IPO market, where only $6.4 billion was raised in the first six months of 2022, down 88% from the same period a year ago.
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