The $3.5tn venture capital industry faces a structural shift as valuations balloon while deal volumes shrink. Large rounds exceeding $100mn dominated global fundraising in Q3 2026, comprising four-fifths of all capital deployed. AI start-ups are driving this concentration of capital, forcing traditional investors to adapt their strategies.
Fewer-but-bigger deals challenge the classic VC
Source: Financial Times Companies · Summarized by HeadlinesBriefing