With investment of €28 billion, 2018 was a record year for European venture capital (or €21 billion, when excluding biotech and Europe). It was a record year for VC-backed exits in Europe and Israel. The growth of VC-backed exits in 2018 was driven by large IPOs (Spotift, Adyen, Farfetch etc) and acquisitions (Yoox Net-a-Porter, Zoopla, iZettle etc).
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