The overwhelming share of VC funds raised in Europe flows to follow-on funds, which account for almost 80% of the total. That being said, more than $1.7B has been committed to 28 first-time Europe VC fund managers in just the first six months of 2019.
First-time VC fund
First-time VC fund of established firm
Follow-on VC fund
- H1 2019 figures are preliminary. Taken from the European Data Cooperative, developed by Invest Europe. EDC data converted at EUR:USD of 1.1367, the rate on 30 June 2019.