TY - JOUR T1 - European Venture Capital—At an All Time High JF - The Journal of Private Equity SP - 43 LP - 51 DO - 10.3905/jpe.2001.319988 VL - 4 IS - 3 AU - Keith Arundale Y1 - 2001/05/31 UR - https://pm-research.com/content/4/3/43.abstract N2 - Despite the recent deluge of dot-com debacles, and the sinking feeling pervasive among technology stockholders, European private equity investment is at an all-time high. The most recent published full-year data (for 1999) showed a 73% increase over the prior year to Euro 25 billion ($27 billion). Inflows to private equity funds in 2001 will easily exceed 1999's record levels, and VCs continue to scout the territory for unique technology and proven management teams. Technology is the largest industry category, with greater numbers of seed, start-up and expansion-stage companies receiving financing. Despite high-profile dot.com failures and corrections in the markets for technology stocks, there are plenty of funds available for investment going forward in 2001. But it's “back to basics,” with VCs focusing on ventures with differentiated technology and proven management teams. Drawing from an expansive world view of the private equity market, conducted with 3i, PricewaterhouseCoopers narrows the focus to the European scene and the changes being noted at the close of the twentieth century. ER -