JUNE 2026
VENTURE CAPITAL REPORT
VENTURE CAPITAL REPORT
The report analyzes the VC market in the Americas and Europe, focusing on growth- and late-stage companies. It includes statistics on deals, capital raised, valuations, funding round sizes,
and descriptions of new unicorns.
SUMMARY
Monthly Americas and Europe
VC Market Report
Jul 15, 2026
VC Market Report
Jul 15, 2026
Deal Count & Total Capital Invested
In June 2026, the number of deals concluded by VC-backed companies with a valuation of $100M or more increased by 31% compared to May (107 deals) to 140 deals. Year-over-year, the number of deals remained unchanged.
In 2024-2025, deal count grew slightly, facilitated by the gradual easing of monetary policy by the Fed and the ECB. At the same time, interest rates remain high as of now. The increase in overall deal count in June is due to an increase in activity across all segments compared to the previous month.
In 2024-2025, deal count grew slightly, facilitated by the gradual easing of monetary policy by the Fed and the ECB. At the same time, interest rates remain high as of now. The increase in overall deal count in June is due to an increase in activity across all segments compared to the previous month.
Deal structure by valuation segments, June 2026
In total, the late-stage segment accounted for 51% of the total number of deals in June 2026.
Fact
Total capital invested in venture-backed companies worth over $100M in June was $20.6B, which is 31%
or $4.91B more than in May ($15.7B). Compared to June last year, the investment volume increased by 26%.
or $4.91B more than in May ($15.7B). Compared to June last year, the investment volume increased by 26%.
In 2025, the venture capital market showed signs of recovery associated with the start of a cycle of federal funds rate cuts in September 2024. We expect that these macroeconomic dynamics, along with growth in the average size of investment rounds, increased liquidity in the exit market, and the continuing AI boom, could lead to moderate, and under favorable conditions, more pronounced growth in venture capital investment in 2026.
In December 2025, the US Federal Reserve decided to cut the federal funds rate by 25 basis points to 3.50-3.75%, a decision that was in line with market expectations and the third in 2025.
According to the baseline forecast of the Federal Reserve Board members, the rate will be at 3.00-3.25% by the end of 2026.
In December 2025, the US Federal Reserve decided to cut the federal funds rate by 25 basis points to 3.50-3.75%, a decision that was in line with market expectations and the third in 2025.
According to the baseline forecast of the Federal Reserve Board members, the rate will be at 3.00-3.25% by the end of 2026.
Invested capital ($B) structure by valuation segments, June 2026
Number of deals with VC companies valued at $100M+ and Fed Funds Rate, 2022-2026
- In June 2026, a total of $18.1B was raised in Series B and above rounds, with $4.8B coming from Series B, $3.7B from Series C, $3.2B from Series D, and $6.4B from Series E+.
- Throughout 2023–2025, growth- and late-stage investment showed steady growth. If the current trend continues, 2026 could be even more active. AI companies are making a significant contribution to this dynamic, as they scale their businesses and monetize their products, moving on to later investment rounds, including Series D/E/F.
Median Round Size & Post-Money Valuation
Median round size by valuation segments, 2022-2026, $M
Early stages show stable dynamics in the median investment round sizes, while later stages demonstrate high volatility due to the effect of individual large deals.
The median round size in June 2026 for companies valued at $1B+ was $317M (+59% MoM), while for the $100-250M, $250-500M and $500-$1B segments, it reached $27M (-1% MoM), $60M (+15% MoM) and $94M (+21% MoM), respectively.
The median round size in June 2026 for companies valued at $1B+ was $317M (+59% MoM), while for the $100-250M, $250-500M and $500-$1B segments, it reached $27M (-1% MoM), $60M (+15% MoM) and $94M (+21% MoM), respectively.
The trend of normalization of time intervals between rounds indicates that investors remain selective in their investments amid higher cost of capital, with startups taking longer to reach the next round criteria.
The normalization of investment intervals is particularly notable for companies valued up to $500M, supporting the trend towards investor caution. In June, the median time between rounds in the $100-250M and $250-500M segments was 28 months and 19 months, respectively.
At the same time, companies with valuations of $500M+ are raising money faster as investors bet on assets with higher financial strength. In June, the median time between rounds in the $1B+ and $500M-1B segments was 12 months and 18 months, respectively.
The normalization of investment intervals is particularly notable for companies valued up to $500M, supporting the trend towards investor caution. In June, the median time between rounds in the $100-250M and $250-500M segments was 28 months and 19 months, respectively.
At the same time, companies with valuations of $500M+ are raising money faster as investors bet on assets with higher financial strength. In June, the median time between rounds in the $1B+ and $500M-1B segments was 12 months and 18 months, respectively.
Median time between investment rounds in the 1B+ valuation segment, 2022-2026, in months
Median post-money valuation by valuation group, 2022-2026, $M
- $1B+ companies show volatility in post-money valuation. However, in 2024-2025, there is a trend toward an increase in the median valuation of unicorns ($1B+).
- At the end of June, median post-money valuation in the $1B+ segment was $2.36B (+10% MoM), while for the $100-250M, $250-500M and $500-$1B segments it reached $0.15B (+2% MoM), $0.38B (+15% MoM) and $0.72B (+29% MoM), respectively.
Fact
In June 2026, median valuation step-up for the $1B+ segment was 2.6x, while for companies
valued at $100-250M, $250-500M, and $500-1B, it reached 2.6x, 1.6x and 2.0x, respectively.
valued at $100-250M, $250-500M, and $500-1B, it reached 2.6x, 1.6x and 2.0x, respectively.
In June 2026, unicorns ($1B+) were at the median valuation step-up level, which is explained by historically more restrained revaluation multiples at later stages, as well as heightened sensitivity of such companies to macro conditions. At the same time, current multiples (with a few exceptions) are at a level similar to early stages, which reflects continued strong investor interest in late-stage companies.
Median valuation step-up for companies with $1B+ valuation, 2022-2026
Key statistics for Growth and Late Stage companies, June 2026
Exits & Bankruptcies
In total, in June 2026, the number of VC exits was 16: all 16 were completed through M&A (acquisition of a controlling stake by a strategic investor).
The total volume of deals associated with VC exits jumped to $40B, which is 58% more from a month earlier.
During 2023-2024, the number of bankruptcies remained at a high level with peaks in May (103) and July (99) 2024, but in the second half of 2024 the number of bankruptcies began to decline and in June 2026 returned to a level close to that of 2021-2022, totaling 29 cases. Further dynamics will depend on macroeconomic conditions and capital availability.
The total volume of deals associated with VC exits jumped to $40B, which is 58% more from a month earlier.
During 2023-2024, the number of bankruptcies remained at a high level with peaks in May (103) and July (99) 2024, but in the second half of 2024 the number of bankruptcies began to decline and in June 2026 returned to a level close to that of 2021-2022, totaling 29 cases. Further dynamics will depend on macroeconomic conditions and capital availability.
Number of bankruptcies, 2022-2026
Top-5* New Rounds Raised by Companies with $1B+ Valuation
* Sorted by post-money valuation
* Sorted by post-money valuation
-
RampRamp – finance operations platform combining corporate cards, expense management, procurement, bill payments, travel, and accounting automation
- Industry: AI & ML, FinTech, Mobile
- Round size: $782M (Series F)
- Round date: 04 Jun 2026
- Total funding: $3.63B
- Valuation: $44.03B
- Investors: Plug and Play Tech Center, Sequoia Capital, Bessemer Venture Partners, General Catalyst, Insight Partners (New York)
-
PrometheusPrometheus – developer of AI tools designed to support real-world, hands-on tasks
- Industry: Advanced Manufacturing, AI & ML
- Round size: $12B (Series B)
- Round date: 11 Jun 2026
- Total funding: $18.20B
- Valuation: $41.00B
- Investors: The Goldman Sachs Group, BlackRock, ARCH Venture Partners, DST Global, JP Morgan Chase, Corner (New York)
-
HelionHelion – developer of a fusion energy technology designed to generate clean electricity through controlled nuclear fusion
- Industry: Climate Tech, CleanTech
- Round size: $465M (Series G)
- Round date: 04 Jun 2026
- Total funding: $1.50B
- Valuation: $15.50B
- Investors: Y Combinator, U.S. Department of Energy, Kohlberg Kravis Roberts, Lightspeed Venture Partners, Lux Capital
-
BasetenBaseten– developer of artificial intelligence inference infrastructure designed to deploy and optimise machine learning models at scale
- Industry: AI & ML, Big Data, CloudTech & DevOps
- Round size: $1.50B (Series F)
- Round date: 22 Jun 2026
- Total funding: $2.09B
- Valuation: $13.00B
- Investors: Battery Ventures, Greylock, BoxGroup, IVP, Spark Capital, Caffeinated Capital, Blackbird Ventures, South Park Commons
-
NinjaOneCNinjaOne– unified IT operations platform for endpoint management, monitoring, patching, backup, and remote support
- Industry: AI & ML, Mobile
- Round size: $400M (Series C)
- Round date: 09 Jun 2026
- Total funding: $1.17B
- Valuation: $12.30B
- Investors: Sequoia Capital, Summit Partners, Ontario Teachers' Pension Plan, Wellington Management, ICONIQ Growth
Important notice: The figures presented in the reports for previous periods may be subject to subsequent backward-looking adjustments in later reports due to the delay in obtaining data on closed transactions and the possibility of their adjustments in the market intelligence systems used to extract deal data.
Download the full version of the report
By clicking the button, you consent to the processing of personal data and agree to the privacy policy.