During the first quarter of 2012, the drop in venture capital deal activity for European companies was slight compared to the sharp drop in the amount of capital invested over the same period last year, according to Dow Jones VentureSource.
Venture-backed companies based in Europe raised euro 762 million for 241 deals, a 41% decline in capital raised and a 7% decline in deals over the same period in 2011. The first quarter's deal figure of 241 matches the fourth quarter of last year as the weakest since VentureSource began tracking the region in 2000.
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