The intense investment activity of internation´al funds in the large market (transactions with equity investments above €100M) together with the momentum of the middle market boosted leveraged transactions15, accounting for over 64% of total investment. Venture Capital reached a new all-time high by volume and number of investments. 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2016 2017 2018 2019 2020 2021 2022 € Millions Other LBO/MBO/MBI/LBU Growth Late stage venture Start-up + other early stages Seed Stage distribution of Venture Capital & Private Equity investments Source: SPAINCAP/webcapitalriesgo Others Chemistry/Plastics Biotechnology Transport Financial Services Others Services Agriculture Construction Energy & Natural Resources Communications Health related Leisure Industrial Products & Services Consumer related products Computer related Investment Read more