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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Q3 European venture capital investment up on year and quarter06/11/2007. Source: AltAssets. 
European venture capital investment climbed to €1.18bn in the third quarter of 2007, up from €968m invested in the same quarter last year and the €1.15bn invested in Q2 2007, according to the Quarterly European Venture Capital Report by Dow Jones VentureOne and Ernst & Young. While the amount of capital invested went up, the number of deals actually decreased. With 210 deals completed, the third quarter of this year saw 28 fewer deals than Q3 2006. There were 227 deals in Q2 2007. The Q3 2007 deal volume was the lowest in a quarter for Europe in at least six years, the report found.
John de Yonge, research director for the Ernst & Young Global Venture Capital Advisory Group, said, 'The growth in European venture capital investment this quarter comes from later stage investments and services-focused deals. While European seed and first round investment remained stable, later stage investment grew.
Contributing factors include a lengthening time to from a company's initial VC financing to an M&A or IPO, requiring investors to fund operations for a longer period, and the need to provide European portfolio companies with the resources to compete globally. An increasingly supportive exit environment for venture-backed companies also encourages investors to provide additional resources to high potential later stage companies,' he added.
Copyright © 2007 AltAssets
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