EIF Report – EIF VC survey 2023: Market sentiment, scale-up financing and human capital

This paper examines the challenges faced by the European venture capital (VC) ecosystem, including recent crises like the pandemic and geopolitical conflicts. Despite these difficulties, the VC market has displayed notable resilience compared to past disruptions. The current environment, marked by tightening financial conditions, has led to a weaker fundraising and exit landscape, posing hurdles for portfolio companies. The EIF VC Survey 2023 offers hope for a potential turnaround, with improved expectations for fundraising and exits in the next 12 months. The study highlights structural challenges in scale-up financing and accessing human capital, underscoring the need for policy attention