Fresh Q1 2026 Venture Beacon from Fenwick and Carta, built on live Carta data.
— AI companies are taking a growing share of all VC
— fewer down rounds, especially at later stages
— valuations trending up across every stage
— fundraising activity still recovering
https://www.fenwick.com/insights/publication/q1-2026-venture-beacon-key-vc-market-trends
— AI companies are taking a growing share of all VC
— fewer down rounds, especially at later stages
— valuations trending up across every stage
— fundraising activity still recovering
https://www.fenwick.com/insights/publication/q1-2026-venture-beacon-key-vc-market-trends