Venture Capital Investments Fall in Q3
Image by Shutterstock.com
Investments by members of the Hungarian Venture Capital and Private Equity Association (HVCA) fell 20% year-on-year to HUF 12.7 bln in the third quarter, a report prepared with the cooperation of Ernst & Young shows, according to a report by state news wire MTI.
A total of 31 investments were made by HVCA members during the quarter, including 18 first-round investments, the association said. Average deal sizes were HUF 50 milllion for the pre-seed stage, HUF 268 mln for the seed stage, HUF 185 mln for the start-up stage, and HUF 426 mln for late-stage investments.
The two biggest transactions, of HUF 3.5 bln and HUF 2.2 bln, were in growth-phase companies.
Around half of the investments were in real estate businesses and business and industrial services ventures.
There were 26 exits during the quarter.
ADVERTISEMENT
General Gov't Deficit at HUF 3.488 tln in October
Poland Jobless Rate Unchanged in October
Business Chamber, Ministry Sign Cooperation Agreement
More Guest Nights y.o.y. for Year-end
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
