Coatue to close European office / VC investors reduced crypto dealmaking in 2023 / French VC funding dips to lowest level since 2016
Plus, Thrive Capital plans to raise $3B fund Inside Venture Capital For January 09, 2024 Thank you to our sponsor Here's a look at today's VC briefing. * 🇪🇺 Tech downturn forced Coatue Management to close its European office * 📉 VC investors drastically reduced their crypto dealmaking in 2023 * 🇫🇷 French VC funding dipped to the lowest level since 2016 Thank you. Karan p/karan-chafekar 1 Investment firm Coatue Management is shutting down its European office due to the global technology downturn. The news comes just two years after it established an office in Europe. Despite the closure, Coatue remains committed to European ventures, per an internal memo seen by Bloomberg. More: * The firm cited the need to streamline its investment approach and prioritize domain expertise over regional coverage as the core reasons for its withdrawal from Europe. * Coat