1、EUROPEANVenture ReportSponsored byQ12025 2025 JPMorgan Chase&Co.All rights reserved.JPMorgan Chase Bank,N.A.Member FDIC.Visit for full disclosures and disclaimers related to this content.2274581We are the bank of the innovation economyWith decades of global experience,a robust professional and ventu

2、re capital network and scalable money-management solutions,we are dedicated to helping you succeed at every stage.See how we can support your growth at 2025 EUROPEAN VENTURE REPORTSponsored byContentsSponsored byPitchBook Data,Inc.Nizar Tarhuni Executive Vice President of Research and Market Intelli

3、gencePaul Condra Global Head of Private Markets ResearchNalin Patel Director of Research,EMEA Private CapitalInstitutional Research GroupAnalysisNavina Rajan Senior Research Analyst,EMEA Private Capital DataCharlie Farber Manager,Data Analysis Oscar Allaway Data APublishingReport designed by Chloe L

4、adwig,Megan Woodard,and Josie DoanPublished on 10 April 2025Click here for PitchBooks report methodologies.Introduction4Deals 5Venture debt9A word from J.P.Morgan11Spotlight:Women in VC 12Exits15Fundraising174Q1 2025 EUROPEAN VENTURE REPORTSponsored byIntroduction1:“Andreessen Horowitz Closes UK Off

5、ice,Pivots Back to US Crypto Market,”Sifted,Tom Matsuda,24 January 2025.European venture capital(VC)deal value grew slightly in Q1 2025 despite a cautious start to the year elsewhere.Activity in European venture markets somewhat mirrored the cautious sentiment across global macroeconomics as volatil

6、ity and uncertainty grew in the first quarter of 2025.Deal value was the standout area,with the Q1 total putting the year on pace to surpass 2024.European public equity markets were also resilient,with the STOXX Europe 600 seeing year-to-date(YTD)gains in contrast to the declines in the S&P 500.A mo