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05-09-2017 - - 0 comments
PwC Moneytree report Q2 2017

Executive summary 

US Q2’17 funding rises 27% from previous quarter

Funding pushes up as deals slip: US VC-backed companies saw $18.4B in total financing across 1,152 deals in Q2’17, up 27% and down 4% from Q1’17, respectively. Deal activity has settled into a lower range in recent quarters.

Strong mega-round activity: Fueling the quarterly dollar spike were 31 mega-rounds of $100M or more, the highest in the US since the peak of 36 in Q3’15. Amid this activity, median later-stage deal size also jumped near the record highs of that quarter.

Unicorn births up: 9 new VC-backed companies in the US reached $1B+ valuations in Q2’17, up from just 3 in Q1’17 and also marking the highest quarterly total since the frothy days of Q3’15, when there were 16 unicorn births.

Corporate participation remains strong: Corporations and corporate VCs have remained active in the US even as overall deal activity has slowed, with corporates participating in 26% of all US deals in Q2’17.

Digital Health funding tops $2B: Deals and dollars to the space hit an 8-quarter high in the US, with quarterly deals rising 38% to 113 and total dollar funding jumping 63% to $2.7B.

 

Global dollars surge 53% as Asia sees funding double from Q1’17

San Francisco, New England deal activity declines, LA increases: Quarterly deal activity in SF (N. Bay Area) and New England slowed in Q2’17, while LA/Orange County deal activity rose 15% over Q1’17.

Silicon Valley, New York Metro surge in funding: Funding in Silicon Valley (S. Bay Area) rose by 27% to $3.6B. New York Metro funding jumped 81% from $1.5 to $2.8B.

Global dollars up sharply: Deal activity increased marginally from the previous quarter, but funding increased by 53% from $28B in Q1’17 to $42.9B in Q2’17, topping the figure seen in Q3’15 for an 8-quarter high.

Asia funding swells: Deals in Asia increased by 28% while quarterly funding increased by a staggering 103%, driven by 5 massive deals of $1B or more. Europe and Asia both hit 8-quarter dollar funding highs.

Mega-rounds trend upward globally: Like the US, Asia also saw the highest quarterly mega-round total since Q3’15 with 27 deals of $100M or more.

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