Leah Hodgson

1 week ago | pitchbook.com | Leah Hodgson

Europe’s VC market got off to a good start this year despite increasingly volatile macroeconomics. Deal value reached its highest quarterly figure in over a year in Q1, although the dwindling number of rounds suggests that investors are still prioritizing quality over quantity. Here are five charts from PitchBook’s Q1 2025 European Venture Report highlighting key trends across dealmaking, exits and fundraising. Deal value in Q1 reached almost €17 billion, up 4.9% from the previous quarter.

1 week ago | pitchbook.com | Leah Hodgson

For decades, VC has flourished in an increasingly borderless world, but another week of tariff wars is prompting a major reassessment. This week brought a fresh wave of chaos for global economies as the US imposed further tariffs on Chinese goods and was met with retaliatory taxes from several countries. As public markets plummeted, more companies delayed IPOs, following Klarna and Chime, including trading platform provider eToro and clean energy company 1Komma5.

3 weeks ago | pitchbook.com | Leah Hodgson

Surgical robot startup CMR Surgical has raised more than $200 million in debt and equity amid a boost in medtech VC funding. The round was supported by all of the company’s investors, including SoftBank, Ally Bridge and Tencent. Trinity Capital provided the debt funding. The UK-based business didn’t disclose its latest price tag, but it was last valued at $2.7 billion following a $600 million Series D in 2021. CMR Surgical offers a robot that performs minimally invasive procedures.

3 weeks ago | pitchbook.com | Leah Hodgson

The recent increase in the US stock market’s volatility has created uncertainty for VC-backed IPO hopefuls, but it could be a boon for European exchanges. Investors expect a pickup in listings for European companies this year with the stabilization of interest rates and inflation. “The general consensus is that there is a more benevolent environment for IPOs,” said Julian Rowe, a GP at London-based investor LocalGlobe.

1 month ago | pitchbook.com | Leah Hodgson

Kimberly White/Getty Images Less than a year after initial talks collapsed, Alphabet has agreed to buy cloud security software company Wiz for $32 billion in the largest acquisition of a VC-backed company to date. Alphabet initiated talks last year to buy Wiz, which is based in New York and Israel, but the company rejected its $23 billion bid. Wiz was eyeing an IPO once it had hit $1 billion in annual recurring revenue, something which it hoped to achieve in 2025.