Venture capital funding for fintech startups has seen a significant downturn globally, with dealmaking reverting to pre-pandemic levels. According to PitchBook, venture capital exits, deals, and fundraising experienced a sharp decline in 2023. In Europe, the exit value decreased by over 70% year-over-year, and the total VC funding raised was nearly 40% lower than in 2022. This decline poses challenges for venture capitalists and founders alike, as VCs need to return capital to limited partners (LPs), and founders may be compelled to sell. Industry experts are monitoring the situation closely and have identified startups to watch in 2024. Forecasts and trends for the upcoming year are being examined in the Q4 2023 PitchBook-NVCA Venture Monitor, a collaborative report by PitchBook, NVCA, and sponsored by JPMorgan, Dentons, and Deloitte.
From exits to deal value, European VC had an abysmal 2023 The year of keeping European startups ‘afloat’: 2023’s venture downturn in 4 charts https://t.co/jC1fpS9B1i
#MustRead: According to data from @PitchBook, VC funding raised in Europe last year was down nearly 40pc from 2022. https://t.co/ipE4A07arL
According to data from @PitchBook, VC funding raised in Europe last year was down nearly 40pc from 2022. https://t.co/ipE4A07arL
After VC exits, deals, and fundraising plunged in 2023, startups and investors are feeling the pressure. In partnership with @nvca, and sponsored by @jpmorgan, @dentons, and @Deloitte, our Q4 2023 PitchBook-NVCA Venture Monitor examines trends and forecasts for 2024. https://t.co/p1O8OFlC3D
I think the lack of exits are one of the biggest challenges for VCs/founders in 2024. New data from PitchBook shows exit value in Europe was down over 70% in 2023 YoY. This is going to be a big problem as VCs need to return cash to LPs and founders may need to sell @Siftedeu https://t.co/qN4V8YiOkV
VC funding for fintech startups has significantly fallen globally since the onset of the downturn, with dealmaking returning to pre-pandemic levels. We asked four VCs active in the fintech market for their thoughts on the startups to watch in 2024 👇 https://t.co/jN4wSIGVjZ