Growth Capital presents the Quarterly VC Report on Q1-23 created in collaboration with Italian Tech Alliance and presented at OGR Torino, hosted by LIFTT and Azimut Italia.

Key Highlights:

➡️ In Q1-23, €201 million was invested in VC across 84 rounds, in line with Q4-22 results, both in terms of the number of rounds and the amount raised.

➡️ Compared to 2022, the impact on fundraising of early-stage rounds (Pre-seed and Seed) has increased, while that of Series A and Series B rounds has decreased.

➡️ In Q1-23, the slowdown that began last year in Europe continued: €11 billion was invested (-14% vs Q4-22) in 1,571 rounds (-39% vs Q4-22).

➡️ The results for the first quarter of 2023 reflect the caution of VC operators in the face of the macroeconomic uncertainty.

“We confirm our forecast for a consolidating 2023 for the Italian market, counter to the major European ecosystems that have seen a contraction in recent months. As already anticipated at the end of 2022, after the historical record for the amount invested, total investments in Venture Capital in Italy will benefit from the highest amount of dry powder ever available, verticalization, and the emergence of new VC funds. However, they will be influenced by the presence of mega-rounds and the evolution of the macroeconomic context. Furthermore, we expect 2023 to be a very dynamic year for M&A operations, leveraging the significant reduction in multiples, especially in some sectors,” comments Fabio Mondini de Focatiis

Read the full report:

italian version: https://docsend.com/view/sfvcjc3ajmhkpufy

english version: https://docsend.com/view/u6nf4jzntypdm7xt