Venture investment in Europe holds up

The following data is courtesy of James Brocket of Headhunters CallibreOne. They do a lot of work for VC backed companies and compile stats on activity in the sector:

  • More venture capital was put to work in Europe in Q1 than ever before – the $1.3bn total was way higher than the previous peak in Q107
  • UK was leading the charge with $592m of deals – which is more than the previous three quarters combined
  • The average deal size for Europe broke $10m for the first time – largely on the back of some big deals in the UK, including $100m in Spinvox
  • The average deal size in the UK was $11.9m which is higher than the US figure of $11.6m