The Zurich-based venture capital firm Verve Ventures was among the most dynamic European investors in 2022, according to two separate rankings: It claimed fourth spot for investments in deep-tech start-ups and eighth place for investments in Series A financing rounds. These findings come from the Intelligence 2022 Tech Review Report by the pan-European start-up medium Sifted, which is supported by the Financial Times.
Accordingly, since January 2022, Verve Ventures has provided financial backing to a total of 15 deep-tech start-ups with a focus on areas including healthtech, mobility and Artificial Intelligence (AI). This puts Verve Ventures in fourth place in the Sifted rankings. The European Innovation Council (Brussels, 71 financings), Bpifrance (Paris, 23) and the High-Tech Gründerfonds (Berlin, 20) secured the top three spots.
According to the Dealroom data cited by Sifted, European investors invested a total of 17 billion US dollars in deep-tech start-ups on the continent last year. While this sum may be down on the record-breaking value of 22.8 billion US dollars recorded in 2021, it is still a huge increase on the values of 11.6 billion and 11.1 billion US dollars respectively invested in 2019 and 2020.
With a total of 11 deals, Verve Ventures ranked in eighth place for Series A investments in early-stage companies in 2022. So far, according to Sifted, the company has invested the most in healthcare technology, followed by Software-as-a-Service (SaaS) start-ups. The top three places are occupied by Bpifrance (Paris, 27 deals), Speedinvest (Vienna, 23) and LocalGlobe (London, 20).
According to Sifted, Series A financing in Europe did not suffer excessively from the economic downturn in 2022. The data showed that Series A start-ups banked around 12.2 billion euros across the full year, as against 12.9 billion euros in 2021. mm