Lots of action, but low figures - European tech's 2023 Q1 numbers

Q1 2023 marked a significant drop in investments compared to the same period in the last two years. And this is just one piece of a not-so-promising puzzle that is the European tech ecosystem.
Lots of action, but low figures - European tech's 2023 Q1 numbers

It shouldn't come as much of a surprise that the first quarter of the year is not exactly rose-tinted. Although March 2023 recorded a slightly higher volume of investments, compared to the previous months, the European tech ecosystem is significantly lagging.

In Q1 2023, €14.3 billion was collected through almost 1200 deals, which might be cause for celebration, but, is around 56% less compared to the same period in 2022 and around 36% less compared to the same period in 2021. 😔

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