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VCs spent a record €8.2B in Europe in Q1 2020 — but coronavirus dampens future expectations


Venture capital investors poured €8.2 billion into European companies during the first quarter of 2020. According to PitchBook’s European Venture Report Q1 2020, the first three months of 2020 constituted the fourth-strongest quarter ever in terms of total deal value in Europe. Although 2020 got off to a good start, the coronavirus pandemic is expected to have a significant impact on deals in the ecosystem. It also threatens the flow of US capital into European tech companies. “We expect dealmaking to slow considerably in the next two quarters, however, as the repercussions of COVID-19 sweep across the globe. We believe…

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