Lots of money, quick deals and investor FOMO – is the 2021 VC boom back?

As business journalists, we can get a sense of how well—or not—the startup and venture capital scene is currently doing by looking at the number of press releases about financing rounds that we receive daily. And these days, the number is quite high.

Although the rounds are rarely in the three-digit million range, one still sometimes wonders: Are we back where we were in 2021 ?

Short answer: No. A little more detailed: No – but. That's roughly what Peter Specht, General Partner at the European VC and Spotify investor Creandum in London, says.

"We're seeing isolated deals where demand is very high," says Specht. In these cases, the processes quickly become very short, with due diligence completed within a few days, and valuations skyrocketing. Just like in 2021. However, the investor points out that, unlike in 2021, this is now only happening in a specific segment.