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European VC Valuations Report

Q3 2021

European VC Valuations Report

November 12, 2021

European VC Valuations Report
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European VC valuations continue to surge

The European VC ecosystem has smashed records across the board in 2021—and valuations are no exception. Bullish VC investors, outsized rounds across all stages, and a fervent exit environment have helped push valuations sky high. 

Our Q3 European VC Valuations Report breaks down the latest record-breaking quarter in venture capital, including data on valuations by sector, region, and investor type.

Key takeaways

  • VC deals with nontraditional investors have risen in both value and volume, becoming one of the key drivers behind Europe’s record round sizes and valuations.
     
  • Late-stage pre-money valuations in the software sector topped €27 million in Q3, nearly double 2020’s record figure.
     
  • The VC ecosystem appears to be coping well in the post-Brexit area, as last quarter’s valuations in the UK & Ireland paced above 2020’s numbers at all stages.

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Table of Contents
Introduction 2
Overview 3
Sectors 7
Regions 8
Nontraditional investors 9
Unicorns 11
Liquidity 13