The value and number of first-quarter venture capital deals declined in Europe on the back of inflation and higher interest rates, PitchBook said.
The value and number of first-quarter venture capital deals dropped in Europe, as inflation and higher interest rates pressured capital deployment, while companies came struggled to reduce costs and improve margins, PitchBook said.
The value and number of venture capital deals fell in Europe in the first quarter as inflation and higher interest rates dampened capital deployment and companies came under pressure to reduce costs and improve margins, PitchBook said. Noting that swathes of layoffs were announced in the quarter, including cuts at major players such as Alphabet, Amazon and Meta, PitchBook said the macro-economic landscape had become more challenging for companies seeking financing.
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