Download the February 2021 issue of Unquote

Unquote team
31 January 2021

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This month in Unquote: Venture capital activity has continued unabated during the pandemic, with DACH and southern Europe among the most resilient markets

Given the rollercoaster year that was 2020 for buyout players, recent months have not been short of fascinating trends for Unquote to delve into at length. Perhaps that came at the expense of one corner of the market that quietly kept on building a head of steam, regardless of a pandemic that otherwise threatened to cripple entire sections of the private equity industry.

European venture capital enjoyed a robust 2020, certainly when it comes to deployment, according to Unquote Data. Looking at the entire segment, dealflow was up 10% year-on-year compared with 2019 numbers, with aggregate value ever so slightly down (but, at €37.5bn overall, still way ahead of the historical average over the previous decade). This is confirmed when looking at the "pure VC" space of seed- and early-stage rounds, where the YoY growth rate for dealflow was closer to the 20% mark.

In this issue, the Unquote team turns its attention to two regions that saw venture deal-doing pick up substantially last year. The DACH countries continued building on the momentum initiated in the latter half of the 2010s and recorded a strong VC uptick in the past 12 months. Further south, Italy and Spain's VC scenes recovered after a more subdued 2016-2019 period.

Also in this issue:

Evolving VC landscape fuels venture secondaries
How UK PE weathered Brexit process, but lost market share
Dry powder overhang sets up secondaries bonanza
Our usual in-depth coverage and statistical analysis of activity in each regional market

To download the latest issue of Unquote in PDF format, please click here