This Month in Venture Capital

The venture capital market has entered a different phase. Capital has returned, but the easy money environment that defined previous cycles has not.

By June 2026, investors are no longer asking whether funding activity will recover. It already has. The bigger question is where that capital is flowing, which companies can access it, and whether the recovery can expand beyond a small group of obvious winners.

Globally, the picture remains uneven.

The United States continues to attract the largest and most strategic rounds, Europe is rebuilding with a stronger focus on defence and deep tech, while Australia is showing signs. . .