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1 min read

Investment in the innovation economy remained steady in H1 2026 despite persistent market challenges. Amid uncertainty, investors actively deployed capital into AI, and the venture flywheel could begin to re-engage. The J.P. Morgan Innovation Economy Update examines these trends and the factors influencing today’s venture landscape. 

Key highlights from the report include:

  • AI-driven capital flows: Investment in AI-focused companies surged. In H1 2026, the concentration of venture capital flowing to AI startups rose to 89% from 65% in 2025.
  • Mega funds’ success: In a tighter fundraising environment, large, established firms focused on raising $1 billion or more raised nearly three-quarters of all funding in the first half of the year.
  • Top-percentile advantage increases: By Series C, top decile companies were valued at nearly nine times the group median, up from five times at Series B, highlighting a widening gap.

Download the full report for a comprehensive analysis of the trends and opportunities shaping the innovation economy. Connect with a banker from our Innovation Economy team to discuss how these developments may affect your company’s strategy.

Contributors

John China

Co-Head of Innovation Economy, J.P. Morgan Commercial Banking

Andrew Kresse

Co-Head of Innovation Economy, J.P. Morgan Commercial Banking

JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.

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