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GERMANY - VC investments drop significantly

  • Emanuel
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According to VC-Panel, German venture capital investments have dropped to EUR 58m in the third quarter of this year, after averaging EUR 100m for the previous two quarters. The state funded High-Tech Gründerfonds and KFW Bankengruppe also invested EUR 17m in this quarter, but that was not enough to compensate for the sudden drop.

The downturn in investments is caused by the fact that German VC funds seem to have run out of money. While Buyout funds have witnessed a fundraising bonanza this year, venture capital managers are still finding it difficult to raise capital for early-stage investments. VC managers now expect that it will take up to 12 months for an upturn in the market – double the previously stated period of six months.
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