For European startups, the best thing that could be said about investments is that things could have been worse.
According to the latest report from Dow Jones VentureSource, during the three months ending in June, European companies raised $3.33 billion in 461 deals.
That’s up 18 percent from Q1 in terms of amount raised. And it represents an increase of 9 percent in the number of deals.
But….the amount invested is still down 22 percent from the same period a year ago, even though the number of deals is up 8 percent.
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Consumer services drew the largest amount of investment, attracting more than one-third of the money raised. That was followed by fintech.
Despite the Brexit hoo-ha, the United Kingdom was still number one across all European countries, seeing 29 percent of all the amount invested. Germany was second, followed by Luxembourg and France.
