Analysis

September 15, 2023

Sovereign wealth fund deals projected to drop 64% in 2023

SWFs don’t tend to lead deals, meaning they follow the broader trend when deal count drops


Freya Pratty

3 min read

Singapore, where both Temasek and GIC are based. Photo: Unsplash.

Sovereign wealth funds (SWFs) — some of tech’s biggest ticket investors — are projected to take part in 64% fewer deals into Europe’s startups in 2023 compared to last year. 

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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