For the first time since 2000, annual investment in European venture-capital-backed companies held steady, with ?3.5billion invested in 2004?nearly the same amount that was invested in 2003. However, deal flow for the year decreased to 1,026 rounds?a 20% drop in activity from 2003? according to the European Venture Capital Report released by VentureOne and Ernst & Young.
February 11, 2005