{"podcast":{"title":"Scaling Europe","slug":"scaling-europe-7780754","podcast_index_feed_id":7780754,"rss_url":"https://anchor.fm/s/108a8a74c/podcast/rss","website_url":"https://podcasters.spotify.com/pod/show/scaling-europe","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/44302379/44302379-1756114015030-846dc0246eba9.jpg","author":"Sebastian Johnson","episode_count":223,"summary":"Every week Seb Johnson sits down with 5 of Europe's best builders and investors to talk about what's going on in European Tech. Prior guests include the founders of Lovable, Cleo, Voi an Zilch, as well as top VCs from 20VC, Index, Balderton and Creandum.","last_synced_at":"2026-07-27T22:17:10.818712+00:00","page_url":"https://stenobird.com/podcast/scaling-europe-7780754"},"episode":{"title":"Alex McCracken, Head of Venture Capital Relationships, EMEA at J.P.Morgan: European AI startups are raising bigger rounds than ever","slug":"alex-mccracken-head-of-venture-capital-relationships-emea-at-j-p-morgan-european-ai-startups-are-raising-bigger-rounds-than-ever","published_at":"2026-05-28T13:00:01+00:00","page_url":"https://stenobird.com/podcast/scaling-europe-7780754/alex-mccracken-head-of-venture-capital-relationships-emea-at-j-p-morgan-european-ai-startups-are-raising-bigger-rounds-than-ever","show_page_url":"https://stenobird.com/podcast/scaling-europe-7780754","url":"https://podcasters.spotify.com/pod/show/scaling-europe/episodes/Alex-McCracken--Head-of-Venture-Capital-Relationships--EMEA-at-J-P-Morgan-European-AI-startups-are-raising-bigger-rounds-than-ever-e3k0vr2","audio_url":"https://anchor.fm/s/108a8a74c/podcast/play/120667426/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-4-28%2F425057356-44100-2-b7105527cfc05.mp3","summary":"European AI startups are raising billion-dollar rounds, while defence and deep tech companies are attracting far larger rounds than the market was seeing a few years ago. Alex McCracken is Head of Venture Capital Relationships, EMEA at J.P. Morgan, where he is seeing US investors move into Europe earlier and more technical AI founders raise capital across the market. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Mishcon: https://www.mishcon.com/pop-ups/scaling-europe Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Timestamps: 0:00 - Introduction 0:16 - The biggest shifts in European venture 0:48 - Billion-dollar AI seed rounds 2:45 - Why mega rounds are increasing in Europe 3:55 - The impact of large AI rounds 5:37 - Where capital is flowing in deep tech 6:43 - Defence, space and European resilience 8:20 - Why defence investment is accelerating 9:49 - The rise of US investors in Europe 12:25 - How European VCs are adapting 14:43 - Growth at all costs vs sustainable growth 18:24 - New financing structures for deep tech","meta_description":"European AI startups are raising billion-dollar rounds, while defence and deep tech companies are attracting far larger rounds than the market was seeing…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1266,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/scaling-europe-7780754/episodes/alex-mccracken-head-of-venture-capital-relationships-emea-at-j-p-morgan-european-ai-startups-are-raising-bigger-rounds-than-ever/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/scaling-europe-7780754/alex-mccracken-head-of-venture-capital-relationships-emea-at-j-p-morgan-european-ai-startups-are-raising-bigger-rounds-than-ever.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}