To state that 2020 so far has been difficult would be an understatement but it is, nevertheless, true. VC exits had a slow start this year in Europe but they recovered commendably later on. The private equity and venture capital database PitchBook has now published its new European Venture report for Q2 2020. This report sheds light on the VC ecosystem in Europe, deal activity, fundraising activity, exit activity and more.
This year in Q2, some sectors such as video conferencing and healthcare did notably better than others and observed a surge in demand by investors and companies While the exit value in Q2 was below expectations at around €2.7 billion, the report suggests that the exit value in 2020 is still on track to register the lowest figure since 2012. Things are looking for the better after the first coronavirus wave is under control in Europe. Exit outlooks could brighten up towards the latter half of 2020 as investor demands peak again.