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OverviewAPI
2023 witnessed a significant decline in European venture capital, with a near-50% drop in deal value and a 20% reduction in deals compared to the previous year. However, climate tech startups managed to secure the largest deals. Exit activity plummeted, with acquisitions being the majority, and VC fundraising faced challenges. Despite this, there is anticipation for a potential recovery in 2024 with increased M&A activity and VC fundraising.

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