SaaS has long been the bread and butter of the venture industry. Many VC firms hold extensive portfolios packed with software firms, viewed as dependable bets built on sticky subscriptions.
Pro
Analysis
February 20, 2026
Can European VC portfolios weather a SaaSpocalypse?
If older SaaS companies fail to compete with AI-native startups, it could leave VCs sitting on portfolios that aren’t growing at the pace LPs like to see
6 min read
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Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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