E352 | EUVC | Vintage Investment Partners' Tzlil Kovetz on a deep dive about the state of VC market in 2024

In this episode of the EUVC podcast, Andreas discusses with Tzlil Kovetz, Principal at Vintage Investment Partners.With $4B in assets under management, Vintage Investment Partners is a global investment fund that focuses on three distinct strategies:A fund-to-fund play targeting early-stage VCs across Europe, the U.S., and Israel;A growth fund for early growth companies (typically Series B and beyond);A secondary fund invests in both funds and companies at various stages.Vintage Investment Partners invests across all sectors and has made notable investments in companies like Wolt, Klarna, Mirakl, SentinelOne, Monday, JFrog, Yotpo, Holidu, and many others. In the European fund investment space, they've backed top-tier firms such as Accel, Creandum, PointNine, Seedcamp, BlueYard, and others.Tzlil offers a unique perspective evaluating trends in both the European and U.S. venture markets. Her insights are sure to be valuable for anyone interested in the current state and future of VC.Go to eu.vc for our core learnings and the full video interview 👀Chapters:03:14 Vintage's Global Investment Perspective06:22 The European Venture Ecosystem13:51 Fund Size Evolution in European VC16:36 The State of the Venture Market in 202419:32 Impact of Geopolitical Events on VC25:07 Opportunities in Venture Capital26:09 Early Stage Gap in Europe26:56 Market Adjustments and Seed Valuations28:10 Challenges in Series A and B Rounds33:18 Exit Markets Overview35:33 European IPO Pipeline38:58 Personal Journey into Venture Capital41:00 Vintage Investment Strategies46:26 Future of FinTech in Europe51:02 Top Tips for VC Fundraising