Key US WealthTech investment stats in Q2 2026:
- US WealthTech investment halved YoY in Q2 2026
- Deals over $100m dropped by 65% as investors grew cautious
- Caplight Technologies, a data and transaction infrastructure platform combining private market intelligence with secondary market liquidity tools, raised $16m in a Series A round, marking one of the top US WealthTech deals of the quarter
US WealthTech investment halved YoY in Q2 2026
US WealthTech companies raised $557.8m across 91 deals in Q2 2026, down 41% in funding from the $948.9m recorded in Q1 2026, though deal volume was 11% higher over the same period.
Against the same quarter a year earlier, funding fell 54% from the $1.2bn raised across 68 deals in Q2 2025, whilst deal volume bucked that trend, rising 34%.
The divergence between rising deal counts and falling funding levels is the defining characteristic of the period.
Average deal size was $17.9m in Q2 2025, falling to $11.6m in Q1 2026 and further to $6.1m in Q2 2026, a compression that points to a market in which investors are active but cautious, committing to more deals at considerably lower individual values.
Deals over $100m dropped by 65% as investors grew cautious
The breakdown by deal size reinforces that picture.
Funding from transactions under $100m reached $407.8m in Q2 2026, down 48% from the $786.8m recorded in Q2 2025 and down 28% from the $563.9m seen in Q1 2026.
Larger deals of $100m or more came in at $150m in Q2 2026, down 65% from the $428m recorded in Q2 2025 and down 61% from the $385m seen in Q1 2026.
The contraction is broad-based across both categories, though the steeper decline in high-value transactions is particularly notable.
With larger deals now accounting for just 27% of total funding in Q2 2026 compared to 35% in Q2 2025, the market is becoming increasingly reliant on smaller transactions to sustain overall activity levels.
Caplight Technologies, a data and transaction infrastructure platform combining private market intelligence with secondary market liquidity tools, raised $16m in a Series A round, marking one of the top US WealthTech deals of the quarter
The round was co-led by BlackRock and Fin Capital, with LEAP Global Partners also co-leading.
UBS Investment Bank joined as a strategic investor.
Existing backers DB1 Ventures, Better Tomorrow Ventures, Clocktower Ventures and Dash Fund increased their positions.
San Francisco-based Caplight’s platform aggregates 100,000 company and investor profiles and $4tn in funding round data.
It also holds over $300bn in proprietary secondary data and more than $5bn in daily live transaction flow.
Customers collectively manage over $52tn in assets.
BlackRock’s participation establishes a framework for future collaboration across its private markets ecosystem, including Aladdin and Preqin.
Proceeds will fund expansion across private market data and the development of agentic workflows for research and transactions.
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