Europe saw just over 2,000 deals in Q3 2022 — the lowest number on record since Q4 of 2015, and down 31% from the 2,900 deals done a year ago, according to Dealroom. On a brighter note, total funding (including convertibles) rebounded to $18.9bn — the highest since Q3 2022, largely driven by megarounds secured by climate infrastructure and AI startups that had so far been scattered in 2023.
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