European VC Valuation Report Q3 2022

European VC Valuation Report Q3 2022

PitchBook Data
Posted on
March 20, 2023
European VC Valuation Report Q3 2022

European VC valuations continue to show strength

The drop off in public market capitalizations has not yet made its way to European venture valuations, which are still pacing higher than last year. But as the year progresses, company price tags for new deals may cause medians to fall. 

[Pichbooks'] Q3 2022 European VC Valuations Report highlights the key valuation trends across stages, sectors, and geographies.

Key takeaways include:

The median early-stage valuation paced at €8 million in Q3 as startups further from exit remain more sheltered from public market fluctuations. 

The median late-stage valuation fell for the second consecutive quarter but still lands higher than expected.

VC down rounds register an uptick in activity from last year.  

Median acquisition exit valuation reaches all-time high. 

*Pitchbook Data 2023