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Laxman Pai, Opalesque Asia: US investors deployed $32.6bn in venture capital (VC) funding across 1,853 deals, registering 10.5% increase in volume and a 22.5% decrease in count compared to 1Q 2018.
Angel & seed deal value reached $1.9bn in the first quarter, but saw the greatest decline in deal count among investment stages, falling 44.2% between 2015 and 2018, said the PitchBook-NVCA Venture Monitor.
Early-stage startups saw $9.3bn invested across 487 deals in 1Q, bringing the median size of early-stage financings up 36.0% YoY to $8.2m, said the quarterly report on venture capital activity in the US entrepreneurial ecosystem and is jointly produced by PitchBook and the National Venture Capital Associate (NVCA), with support from Silicon Valley Bank, Perkins Coie and Solium.
Robust mega-deal activity contributed an outsized 52.2% of total late-stage deal value, up from 45.7% in 2018.
According to the study, the convergence of the private and public markets continued in 1Q 2019, with more than four VC mega-deals closing for every VC-backed IPO. On the corporate VC (CVC) side, CVC investors participated in 316 venture deals in the first quarter, totaling $19.4bn, maintaining momentum from the rapid growth of 2018.
Exit activity
The venture-backed exit market retained some of its momentum from 2018 through the first quarter of 2019, as exit value reached $46.7bn across 137 deals.
While slightly lagging last year's pace in terms o...................... To view our full article Click here
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