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


Freya Pratty and Anne Sraders

6 min read

Judith Dada, general partner at Visionaries Club

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.

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Freya Pratty

Freya Pratty is a senior reporter and investigations lead at Sifted. Follow her on X , LinkedIn and Bluesky

Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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