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Europe's VC Market Splitters as AI Fuels Concentration

The AI Divide: Europe's Venture Capital Market Splinters Europe's venture capital market has been marked by a stark reality in recent quarters: the gap between early and late stage investments has never been wider.

PitchBook's Q1 2026 report highlights a market increasingly characterized by concentration, with larger rounds, bigger winners, and growing divergence between sectors and stages.

Pre seed and seed valuations rose modestly by 17. 6% to a median €6 million, but Series C D and Series E+ rounds saw their median pre money valuations skyrocket by more than four times and 171%, respectively.

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