Deal Flow 5.0: What’s Driving Demand in European Tech?
1 minute watch | March.26.2025
This video is part of our Deal Flow 5.0 Conversation Series featuring Team Orrick – Europe. Check out the full series here.
Shawn Atkinson breaks down how European venture capital gained new momentum in late 2024, from AI breakthroughs and M&A exits to increased venture debt activity.
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Shawn: The last quarter of 2024 showed the beginnings of real momentum in a way that we haven't seen since spring '22. Since about late October of '24 and onwards, there's been a tremendous amount of activity. A lot more term sheets have been hitting our desks at all levels. We've had a number of Series B's and C's come in. A lot of very mature companies looking at M&A exits.
The most exciting sector for European venture is, of course, artificial intelligence, led by numerous brilliant companies across Germany, France, Italy and the UK.
2024 also saw a resurgence of the venture debt community in Europe. We at Orrick have been working with all of the major providers.
2024 saw a surge in secondary transactions across late-stage venture and growth equity backed businesses, and we're seeing a huge number coming through the pipeline at the beginning of 2025.