The slowly improving macro environment in Europe is inspiring confidence in both private and publicly held technology ventures. The sector is now attracting the attention of global investors, says this month’s analysis from Go4Venture.
It also said that the European venture market is “well ahead” compared to its last peak of 2008 compared to the US market, which is just passing the threshold to recovery (see graphic above).
The team’s data shows European venture is up approximately 30% in 2012 vs. 2008 and it is forecasting that it will probably grow 50% by 2013 year end compared to2008.
The Go4Venture monthly report says that exits via IPO, some high profile trade sales, are behind their positive view, as well as insider news they have about half a dozen fund managers that are on the fundraising trail who are having success, namely Serena Capital which has had a first closing of a EUR 100mn fund, WHEB Partners, a UK cleantech investment team, TIME Equity Partners, too.
For more analysis of the European venture market, Go4Venture published online a presentation it made at a recent tech event in Berlin.