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August 2, 2011 01:35 pm GMT

European Venture Capital Activity Down 28% In The First Half Of 2011

If you needed more proof that the venture capital industry here in Europe is struggling to keep up, here are some new facts and figures from Dow Jones VentureSource to prove there's most certainly no bubble in these parts.According to DJV, European venture-backed companies have raised 2.2 billion euros through 447 deals in the first half of this year, a 28 percent decline in deal activity from the first half of 2010. Yes, that's a drop of nearly a third.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/R3DijZXiZuo/

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