TempoCap Liquidity Indices
A key takeaway from our analysis is that European venture capital has supported the development of some fascinating and innovative businesses over the last six years.
A few notable trends from the Q2 2026 data include:
- On all-cash exits: A limited number of these were above $1 billion in Europe over the last nearly six and half years – we count only nine. Out of the top 20 cash exits, five were companies from the U.K., five from Germany, two from France, and three from Scandinavia. There were no new Q2 2026 additions to this index.
- On exits for cash and shares: There have been a limited number of these above $1 billion in Europe over the last six and half years, too — we count only eight. Out of the top 20, eleven companies were from the U.K., with four from Germany. Contentful (sold to Salesforce) was a new Q2 2026 addition, entering at #6 with a reported $1,250m valuation — the midpoint of the $1–1.5bn range reported by The Information.
- On public listings: Here, all 20 listings were above $1 billion. Out of the top 20, nine came from the U.K., three from Germany, and the largest, UiPath, came from Romania. Bending Spoons’ Nasdaq IPO was a new Q2 2026 addition, entering at #2 with an $18.4bn valuation at listing and up 18% on its IPO price as of 30/06/26. One of only 2 IPOs over the last 4 and half years.
We have researched various sources to ensure we have the most accurate information possible, but if you’ve spotted something that needs to be corrected or a company that needs to be added, please let us know at harrie@tempocap.com.
