PitchBook's 2025 European Venture Report

European VC in 2025 looks strong on the surface, but fragile underneath.

Capital is flowing, deal values look solid, and headlines feel optimistic.

Yet most of that momentum is carried by a small number of late-stage AI deals.

Beyond AI, liquidity is thin, exits are rare, and fundraising remains under pressure.

The key question isn’t whether Europe has capital. It’s whether European venture can stay healthy if growth remains this concentrated.

Read the full 📊 PitchBook 2025 European Venture Report here: https://lnkd.in/dEUpTqwm