US investors reduce their focus on Europe

According to Pitchbook, US investors participated in 1,863 European deals in 2023.

The activity decreased by 40% over the year. In 2022, U.S. VCs financed 23% of the total number of deals in the region. At the same time, despite the decline, the level of participation remained the third highest in the last decade.

US investors are increasing their participation significantly each year, up from 11% in 2013. The main reason is the overall growth of the European startup market.

American investors are likely to focus on their core domestic markets. But there are those who are increasing their presence. IVP and Andreessen Horowitz are opening offices in Europe. In addition, last October, General Catalyst acquired La Famiglia, a German early-stage venture capital firm.