AI and the
New Shape of Venture Capital

How AI is changing investment work, company structure, and capital allocation.

92%

Use AI for diligence and document review

Source: UK Private Capital, September 2026. Survey of 76 senior PE and VC decision-makers. Figures describe reported activity, not business outcomes.

Help portfolio companies integrate AI into business processes.

Investment Work

Where can AI support research, diligence, and portfolio operations? What remains difficult to measure?

Company structure

Could the way a company organizes people, technology, and costs help explain what makes it AI-native?

Capital allocation

What does the “AI company” label capture, and how does it shape our reading of funding data?