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Apollo targets UK's well-heeled; life after SaaS; defense tech VCs target scale over innovation; Asia-Pacific's AI investors shift upstream
February 10, 2026   |   Read online   |   Manage your subscription
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The Europe Pitch
Your edge on global private capital markets in Europe, the Middle East and Africa
 
Good afternoon. Welcome back to The Europe Pitch, PitchBook's newsletter for the EMEA region.

⚖️ Europe’s VC market is returning to growth, but the recovery is far from uniform. As capital crowds into AI, some startups are closing rounds at speed with cleaner terms, while others are conceding more structure and protections just to get deals done. The result is a two-tier market that’s reshaping how venture risk is priced across the region. Scroll down for more