Artificial Intelligence in Venture Capital Operations: An Empirical Analysis

This paper explores the adoption and perceived impact of artificial intelligence in venture capital (VC) firms. Although AI adoption in financial services is increasing, its integration within VC firms remains largely underexplored, in particular as regards its application in business operations. Based on data obtained from a questionnaire distributed among European venture capitalists, it is observed that the adoption of artificial intelligence has increased markedly since 2022, with screening emerging as the most prevalent application. Statistical models suggest that firms with employees with strong ICT backgrounds are more likely to adopt AI. Although AI reduces due diligence time, its overall effect on long-term benefits remains inconclusive, perhaps due to the limited available data.