Survey: European venture capital activity increases for fourth quarter

A European venture capital survey undertaken by Ernst & Young and VentureOne has found that, for the fourth quarter of 2003, European venture capital deal flow was increased by 7%, with a total of €855m invested in 249 financings in Q4 2003, compared to 233 financings and €871m raised in Q3 2003.

The number of venture capital deals in Ireland has remained largely constant in Q4 2003, compared to Q3 and Q2 of the same year, marking an end to the steady rate of decline since 2001.