In the Q3 2026 PitchBook-NVCA Venture Monitor, Ginger Chambless and Carly Roddy from J.P. Morgan analyze the current venture capital landscape. Highlights include:
- Venture capital continues to flow into the innovation economy at extraordinary levels, though deal concentration—specifically into AI—has intensified.
- VCs are focused on a company’s ability to access compute.
- IPO markets have returned as a credible route to sustained capital, broader ownership and long-term strategic flexibility.
- The outlook for interest rates has become an increasingly important aspect of the broader equity market and AI narrative.
Check out our article in the PitchBook-NVCA Venture Monitor Report.
JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.
