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Barely 24 hours ago, Tech.eu's watchful eye revealed the trail of European tech companies that raised €4.7 billion in 353 deals.
It could be a case of summer slumber or a settling in after the Covid-19 crescendo. Either way, the numbers speak for themselves: a nearly 20% drop from the previous month (remember June's €5.8 billion?) and half the amount from the same period last year (flashback to July 2022's €9.5 billion).
So the competition for capital is getting fiercer — especially for ordinary companies that don't pretend to grow horns on their foreheads.
Inovo, the top Polish VC, sheds light on what investors are looking for and highlights key investment benchmarks for Seed/Series A projects in Central and Eastern Europe.
Dig into the Inovo analysis for a more in-depth look.
Nothing particularly cheery, according to Sapphire Ventures' calculations. There is a significant drop in funds in the US, and some numbers strongly resemble 2018-2019 levels.
The same scenario can be expected in Europe. The average time to final close for European private equity funds is on the rise, as LPs are under stress and favor whale firms. The PitchBook data shows this clearly.
Dig into the PitchBook article for a more in-depth look.
Just when we were getting excited that women finally seem to be taking on more leadership roles in startups across the EU, things took a turn for the worse.
Yes, a VC "boys' club" alarm is still ringing loudly, as 45% of Euro startups overlooked the diversity memo, and about 15% have absolutely no females in leadership positions. What inspired us was last month's research showing that a staggering 35% of influential roles are now in the hands of women, up from 29% last year.
But the day before yesterday, the Sifted team published some excerpts from the conversations with women who have left European venture capital. Since the beginning of 2023, there have been dozens.
Gender bias dominates the reasons: fatigue from fighting for equal pay and other working conditions, frustration at being mistaken for an office manager just because you are a woman, and resentment that it's harder for female entrepreneurs to secure funding.
So, sadly, even an enlightened venture capital industry like Europe's will need more time to level the playing field.
But there is still hope. Some women are leaving venture capital firms to start their own. There have been at least three recent fund launches by female investors who have left larger funds.
Dig into the Sifted review for a more in-depth look.
There was a lot of talk about the "food as medicine" movement, and some people considered it another hype. But the trend is still gaining momentum:
Investors, governments, and the public all express great interest in healthy and affordable food — what could possibly go wrong? But wait, there's more to this stew than meets the eye: diet rebellions, foodie quality control, and data manipulation by involved parties are causing mischief.
Dig into the PitchBook report for a more in-depth look.
Cover image: iStock
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