European venture capital rebounds in fourth quarter
The European venture capital business rebounded in the fourth quarter with fundraising and IPOs up, while investments in startups grew at a smart pace. Twenty-three venture funds raised nearly US$2 billion in the quarter, the most money raised in a quarter in two years, according to a report from Dow Jones’ DJX VentureSource. Capital was up 38% from the same quarter a year ago. For the year, however, capital raised was down 8% from 2012. Venture firms invested slightly more than US$2 billion in startups in the final three months of the year, up 18% from the third quarter. The number of deals – at 357 – edged up 6%. For the year, investments rose 15% from 2012 in terms of capital allocated.
28 January 2014•1 min read
