Valuation seems to be rising in the US, does not seems to be the case in Europe so far.
Valuations of U.S. venture-backed companies have hit a four-year high in the second quarter. Fueled by merger and acquisition activity and continuing VC interest in late-stage technology investing, the median pre-money valuation rose to $15.6 million, up $2.1 million from the same quarter a year ago when it was $13.5 million, according to industry tracker VentureOne. The last time the median pre-money valuation was this high was in the second quarter of 2001, when it was $17.3 million.
Source : VentureWire