Analysis

December 15, 2022

Downrounds in European tech: the list

Companies have started raising money at lower valuations than previously achieved: here are the startups raising downrounds in Europe


Sadia Nowshin

3 min read

The come-down from the boom days of 2021 has hit European tech hard in 2022, and brought with it a funding environment that’s seeing founders raise from VCs at significantly lower valuations than they did before. These fundraises, known as downrounds, are likely to become more common in 2023.

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Sebastian Siemiatkowski, CEO of Klarna
Sebastian Siemiatkowski, CEO of Klarna
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Sadia Nowshin

Sadia Nowshin was a reporter at Sifted covering foodtech, biotech and startup life. Follow her on X and LinkedIn

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