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European venture capital investment down in first quarter, report14/05/2007. Source: AltAssets. 
 Venture capital investment in Europe was down to €1.4bn in Q1 2007 from €1.6bn in the Q4 2006. Furthermore, several substantial exits mean that there has been a €627m net outflow of equity capital from venture-backed companies during Q1 2007, representing almost two per cent of the total, according to figures released by Library House.
The UK still leads Europe by a large margin, accounting for almost 33 per cent of European deals in the first quarter. However, this is down from 37 per cent in the first quarter of last year and follows a recovery from a poor final quarter of 2006 for the UK.
Israel attracted €35 per capita in venture capital, up from €25 in Q1 2006. The UK attracted €7.5 per capita and France only €3.
Doug Richard, chairman of Library House, said, 'Despite a dip towards the end of last year, the UK remains in pole position leading the venture capital market across Europe. Increasing innovation levels and the growing number of entrepreneurs across the UK will continue to support its ongoing position as one of the most flourishing centres in the world for investment.'
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