Note: This is an older edition from this report series. Here is a link to the most recent edition of our European VC Valuations Report.
Why investors have sent European VC valuations soaring
VC valuations in Europe surged in 2020, finishing up year-over-year at all financing stages—an astonishing demonstration of investors' confidence in the future despite the volatility endemic to 2020.
A blend of pandemic-proof and pandemic-induced startups helped fuel this trend, alongside strong participation from nontraditional backers, according to our 2020 Annual European VC Valuations Report. Key takeaways include:
- Europe added 17 unicorns in 2020, ending the year with a record 61 €1 billion+ companies at an aggregate valuation of €110.1 billion.
- Venture-backed companies are exiting at higher prices than ever before, with the upper-quartile valuation surging nearly 54% to €101.5 million.
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- The expanding variety of startups has driven corresponding growth in the pool of nontraditional investors, whose sustained capital infusions helped keep valuations high.