Amid the economic downturn, 2023 is expected to be the “most depressed” year in Europe’s VC exit value since 2013, data from Pitchbook has shown. According to the report, during the first three quarters of 2023, exit value reached €9.1bn — down 72.8% compared to the same period in 2022. Unsurprisingly, public listing value continued its downward trend, seeing a 79.8% drop. Meanwhile, buyout exit value showed the biggest resilience, although it also declined by 56.4% compared to last year. Against this backdrop, IT hardware was the most resilient sector in exit activity, while energy saw the biggest decline. Software…
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