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2013 was a bumper year for small European companies with investors throwing record levels of capital at the region’s start-ups, data has shown.

Some €6.3 billion ($8.3 billion) was plunged into venture capital in the continent over the last 12 months, according to data monitor Preqin, marking a 37% increase on the €4.6 billion committed in 2012. The number of deals also rose by 8% to 1,352 from 1,250. This represented the highest number—and highest overall proportion—of global transactions since Peqin began recording data in 2007.

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