📊Capital is flowing back, but investors are still playing defense.
VC activity rebounded in May, but risk appetite remains limited. Nearly 88% of all capital raised ($3.10B out of $3.52B) flowed into late-stage, strategic, and M&A deals, while Seed and Pre-Seed rounds continued to lag behind.
Investors appear to be prioritizing established businesses over early-stage startups, suggesting that bearish sentiment still persists across the market.