European startups on track to raise $51B this year, down 39% from 2022

The venture slowdown has long been established to be a global phenomenon, and per a new report from VC firm Atomico, this “adjusted market reality is here to stay.”
Based on Dealroom and Crunchbase data, Atomico predicts that if things stay the same, the amount of capital invested in European startups this year will be 52% lower than in 2021.
That’s a clear decline, but it isn’t much worse than what we are tracking in other major regions.
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