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Laxman Pai, Opalesque Asia: US-based micro venture capital funds (sized at $100mn or less) had a record year in 2018, raising $7.8bn across 316 vehicles, a record that may well be broken this year, said a study.
According to Preqin, with $6.1bn raised in the first three quarters of 2019, micro venture capital fund managers have already secured 78% of the total capital raised in the whole of 2018.
The study revealed that since January 2019, early-stage micro venture capital funds have collected 51% of aggregate micro venture capital, raising $3.1bn across 89 funds and outpacing the $1.9bn secured by the 81 general venture capital funds that have closed this year.
Women-owned firms prioritize early-stage venture capital investment
In the venture capital industry overall, Preqin data shows that women-owned firms prioritize early-stage venture capital investment. And in the micro fund space, this trend holds true.
The gap between capital raised by women-led early-stage micro venture capital funds ($1.6bn) and women-led general micro venture capital funds ($689mn) in the past decade is at almost $1bn.
And this trend is only more evident so far in 2019, where 82% of capital raised by women-led venture capital firms was for seed or early-stage funds.
Although 2018 was a record year for micro venture capital fundraising, most funds failed to reach their target and achieved an average of 96% - the smallest proportion since 2014 (Fig. 18).
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