Europe's Startup Recovery Never Happened (H1 2026 Review)

Europe's startup ecosystem isn't in a traditional recovery. In this special H1 2026 review, Jörn “Joe” Menninger analyzes why venture capital has undergone a structural rotation rather than returning to the previous cycle's patterns.

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Why this episode matters: A rotation, not a recovery, resets the terms every founder and investor works within. This review maps where European capital actually moved in H1 2026 — and why the old playbook no longer applies.

In this episode, we cover:

• Why H1 2026 is a structural rotation, not a recovery
• How funding and major transactions shifted across Europe
• Which sectors gained and lost investor conviction
• What the repricing means for founders and investors
• Where European venture is heading next

Related episodes: Germany's AI Bottleneck May Be Electricity: GreenTech… · DACH Venture Capital Is Leaving SaaS | April 2026

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