$10M $1M $4.2M 85% 18 13.1 58% 2,589 192

2014
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A GLOBAL LOOK AT VC ACTIVIT Y IN 2014
SEVEN FUNDS CLOSED
WITH OVER $1B IN
COMMITMENTS
VENTURE CAPITAL FUNDRAISING
USING DATA SOU RCED FROM THE PITCHBOOK PL ATFORM
2014
308 247
$
$
44.7B 26.8B
$
$
40M 48.1M
NUMBER
OF FUNDS
CAPITAL
RAISED
MEDIAN
FUND SIZE
18
VC FUNDRAISING OVER THE PAST 10 YEARS
2013
FIRST TIME VC
FUNDS CLOSED
IN 2014
TOP VC FUND
CLOSINGS
2014
13.1
379 344 385
323 317 318
$50B $53 B $50B 271
267
224
$23 B
2004 2005 2006
85%
AVG MONTHS
TO CLOSE
TIGER GLOBAL
PRIVATE INVESTMENT
PARTNERS IX
TCV
VIII
2010
OF FUNDS MET
FUNDRAISING
TARGET
2011
$45 B
$27B
2012
2013
2014
2014 GLOBAL BREAKDOWN
North
America
Europe
funds
funds
239
ANDREESSEN
HOROWITZ FUND IV
$2.2B
$2.5B
2007 2008 2009
$33 B
$33 B
308
247
$47B
$33 B
$24B
FUNDS CLOSED
CAPITAL RAISED
Rest of
World
40
29
funds
TIGER GLOBAL
PRIVATE
INVESTMENT
PARTNERS VIII
$1.7B
$1.5B
A GLOBAL LOOK AT VC ACTIVIT Y IN 2014
ROUNDS & VALUATIONS
PRE-MONEY VALUATIONS ROSE
ACROSS EVERY STAGE IN 2014,
INCREASING BY 54% OVERALL
USING DATA SOU RCED FROM THE PITCHBOOK PL ATFORM
2014
DEAL
COUNT
CAPITAL
INVESTED
MEDIAN
DEAL SIZE
$1M
YEARLY DEAL ACTIVITY
8,935 9,454 7,731
7,628
2013
7,731 9,454
$
87.7B $53.5B
$
$
3.5M 2M
MEDIAN
ANGEL/
SEED DEAL
SIZE
MEDIAN
PRE-MONEY
VALUATION
$8 8 B
$54B
DEAL COUNT
MEDIAN
EARLY
STAGE
DEAL SIZE
OVERALL
Media
366
Retail
264
2014
$5.3M
$4.6M
2014
2013
$12.9M $9.7M
SERIES C
2014
MEDIAN
LATER
STAGE
DEAL SIZE
SERIES A
2013
2013
$35.6M $25.7M
428
SERIES D+
2013
2014
$71.1M $56.3M
2013
$153.6M $101.3M
A GLOBAL LOOK AT VC ACTIVIT Y IN 2014
VENTURE CAPITAL EXITS
EXIT
COUNT
CAPITAL
EXITED
MEDIAN
EXIT SIZE
YEARLY EXIT ACTIVITY
1,295
1,283
$95 B
1,027 1,182
2013
1,295 1,283
$
95.4B $56.5B
$
57.6M $ 46.2M
2,589
INVESTORS
WITH EXITS
TOP VC
EXITERS
2014
$62 B
$57B
$52 B
2011
2012
EXIT COUNT
192 58%
IPOS IN
2014
KLEINER PERKINS
NEW
CAUFIELD &
ENTERPRISE
BYERS
ASSOCIATES
30
exits
485
2,343
30
exits
2013
2014 GLOBAL BREAKDOWN
North
America
Europe
5,345
1,550
deals
Rest of
World
836
deals
deals
MOST ACTIVE VC
INVESTORS IN 2014
500 Startups 193
Y Combinator 114
TechStars 113
Sequoia Capital 106
Accel Partners 95
CAPITAL EXITED
INCREASED BY 69%
FROM 2013
USING DATA SOU RCED FROM THE PITCHBOOK PL ATFORM
2014
801
CAPITAL INVESTED
$10M
2014
SERIES B
2014
2013
SEED/ANGEL
2013
$19.2M $12.5M
Commercial Services
Pharmaceuticals &
Biotechnology
Healthcare
Devices & Supplies
Other
$4.2M
2014
2012
3,044
Software
$53 B
$51B
2011
DEAL COUNT BY SECTOR
EXIT COUNT BY SECTOR
MEDIAN TIME TO EXIT
136
80
Healthcare Devices
& Supplies
75
Retail
CAPITAL EXITED
S I N C E FO U N D I N G ( Y E A R S)
159
Media
2014
HEALTHCARE AS A
PERCENTAGE OF ALL
IPOS IN 2014
470
Software
Commercial
Services
Pharmaceuticals &
Biotechnology
33
342
Other
2014 GLOBAL BREAKDOWN
North
America
878
exits
Europe
326
exits
Rest of
World
91
exits
EXIT COUNT BY T YPE
Acquisition
IPO
Buyout
Acquisition
IPO
Buyout
6.8
9.7
11
939
192
159
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