Venture Capital Investments Fall in Q3

Figures

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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.

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