2023 has been a tough funding year for European startups — even being characterised as the “most depressed” in VC exit value in a decade. Amid uncertainty and a staggering macroeconomic environment, VC activity and deal value also, unsurprisingly, dropped. But what will the funding ecosystem look like in 2024? And, more importantly, will it bring cause for hope for startups and investors alike? According to analysis by Pitchbook, neither the volume nor the value of VC-backed IPOs will see a meaningful recovery next year. With macroeconomic factors weighing heavily on public markets, stakeholders remain cautious as 2023 saw fewer…
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