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H1 2026: Europe's Startup Recovery Was a Structural Rotation
Europe's startup ecosystem is not experiencing a traditional recovery. In this special H1 2026 review, Jörn Menninger analyzes why venture capital has undergone a structural rotation rather than returning to the patterns of the previous cycle — drawing on funding data, major transactions, policy, and corporate strategy across Germany, Austria, and Switzerland.
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Why this matters for deep tech: The rotation IS the deep-tech story: capital has moved decisively toward robotics, defence technology, AI infrastructure…
The skinny
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