News from 2023-02-13 / KfW Research

German Venture Capital Barometer 4th Quarter 2022

VC sentiment in Germany cooled considerably at the end of the year

Sentiment in the German venture capital market cooled off considerably towards the end of the year. After the downward slide in market sentiment ended in late summer, confidence slipped again in the final quarter. The business climate indicator of the early-stage segment plunged by 25.6 points to -42.9 balance points. With the exception of the unprecedented coronavirus shock in the first quarter of 2020, the only recent time sentiment was worse was 20 years ago. Valuation adjustments at the end of the year weighed heavily on market sentiment.

German Venture Capital Barometer 4th Quarter 2022

Press release

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