VC-backed European companies will likely see their valuations cool or fall due to the coronavirus pandemic as the year progresses. PitchBook’s latest ‘European VC Valuation’ report says that pre-money valuations across the financing stages remained resilient amid the emergence of the pandemic but notes that most venture capital deals were closed prior to the disruption. [Read: The do’s and don’ts of launching a side hustle to supplement your income] Additionally, the report says that angel, seed, and early-stage European rounds could decrease as managers shift their focus inwards towards existing portfolio companies. Rapid late-stage valuation growth is also expected to…
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