After a broad recovery in 2025, private tech markets are entering a new phase. Risk appetite has returned, IPO activity has resumed, and larger structured transactions are once again shaping the market, even in an uncertain global environment. 

Private tech markets are entering a more disciplined phase. After years shaped by volatility, liquidity constraints, and uneven exit conditions, 2026 is shaping up to be a year when execution and structure matter more than ever. Looking back, 2025 delivered the recovery many anticipated. Capital began flowing back into late-stage growth companies, and transaction activity picked up – particularly in the second half of the year. At the same time, IPOs have returned. While outc

Image: EFN Following reports that Klarna is preparing to re-launch its plans to IPO, a recent EFN article highlights the factors...

Image: Breakit After a quiet period, trading in unlisted tech shares is picking up. In Breakit's article, SV Ventures CEO Erik Arnetz...

The tech investment landscape is entering a new phase. After two years marked by caution, compressed valuations, and selective investors, 2025 is shaping up to be the year the private tech market returns to normal, despite lingering concerns about new tariffs and other global risks.

In this episode of Private Tech Insights, SV Ventures CEO Erik Arnetz shares his perspective on today’s shifting investment landscape — and

SV Ventures’ CEO Erik Arnetz was recently interviewed by the Financial Times in connection with Klarna’s anticipated IPO.

The tech investment landscape in 2024 is characterized by a blend of opportunity and transformation.