This report provides an overview of venture funding for startup companies in the United States over the past year, as well as a midpoint review of Q1 2015 activity and pace-driven projections for the remainder of the quarter.
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6. MATTERMARK COPYRIGHT 2015,ALL RIGHT RESERVED — WWW.MATTERMARK.COM
NumberofFundingEvents
0
20
40
60
80
100
120
Q1 2015
Seed Series A Series B Series C Late Other
32
78
37
59
74
109
U.S. STARTUP FUNDING JAN. 1 - FEB. 15, 2015
366 COMPANIES FUNDED
7. MATTERMARK COPYRIGHT 2015,ALL RIGHT RESERVED — WWW.MATTERMARK.COM
NumberofFundingEvents
0
50
100
150
200
250
300
350
400
Seed Series A Series B Series C Late Other
Q1 2014 Q1 2015
37
78
37
59
74
108
124
67
38
74
102
359
U.S. STARTUP FUNDING JAN. 1 - FEB. 15, 2015
Q1 ’15 MIDPOINT VS. ’14 MIDPOINT
8. Q1 2014
Other
16%
Late Stage
9%
Series C
5%
Series B
10%
Series A
13%
Seed
47%
Q1 2015
Other
9%
Late Stage
20%
Series C
9%
Series B
15%
Series A
19%
Seed
27%
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U.S. STARTUP FUNDING JAN. 1 - FEB. 15, 2015
DEAL VOLUME BY STAGE
10. U.S. STARTUP FUNDING JAN. 1 - FEB. 15, 2015
$9.7B DOLLARS INVESTED
MATTERMARK COPYRIGHT 2015,ALL RIGHT RESERVED — WWW.MATTERMARK.COM
CapitalInvested(inBillionsofDollarsUSD)
$1
$2
$3
$3
$4
$5
$6
Investment Stage
Seed Series A Series B Series C Late Other
$1.13
$5.18
$1.16$1.26
$0.76$0.20
11. MATTERMARK COPYRIGHT 2015,ALL RIGHT RESERVED — WWW.MATTERMARK.COM
DollarsInvested(inBillionsUSD)
$0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
Seed Series A Series B Series C Late Other
Q1 2014 Q1 2015
$1.17
$5.18
$1.16$1.26
$0.76
$0.20
$0.63
$2.00
$1.12$1.06
$0.61
$0.21
U.S. STARTUP FUNDING JAN. 1 - FEB. 15, 2015
Q1 ’15 MIDPOINT VS. ’14 MIDPOINT
12. MATTERMARK COPYRIGHT 2015,ALL RIGHT RESERVED — WWW.MATTERMARK.COM
U.S. STARTUP FUNDING JAN. 1 - FEB. 15, 2015
CAPITAL ALLOCATED BY STAGE
Q1 2014
Other
11%
Late Stage
35%
Series C
20%
Series B
19%
Series A
11%
Seed
4%
Q1 2015
Other
12%
Late Stage
53%
Series C
12%
Series B
13%
Series A
8%
Seed
2%
13. TREND #1: GREATER CAPITAL
CONCENTRATION IN SEED DEALS
60%YEAR-OVER-YEAR DECLINE IN
DEALVOLUME
25%YEAR-OVER-YEAR INCREASE IN
CAPITAL DEPLOYMENT
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18. NumberofRounds
0
18
36
54
72
90
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015*
34
48
20
30
20
4239
34
46
39
Deals $50M - $100M Deals > $100M
MEGA “PRIVATE IPO” DEAL VOLUME
* Q1 2015 BASED ON PACE AS OF FEB. 15, 2015
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19. TREND #3: VC ROUND SIZES (AND
VALUATIONS) ON THE RISE AS DEAL
VOLUMES CONTINUE TO DECLINE
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YoY Change in
Average Round
Size
YoY Change in
Total Capital
YoY Change in
Deal Volume
Pre Series A +142% 25% -60%
Series A +52% +24% -19%
Series B +44% +19% +7%
Series C +16% +3% +14%
Late Stage +19% +159% +16%
23. TREND #3 EXAMPLE: NEW YORK
36% YEAR-OVER-YEAR DECLINE DEAL VOLUME,
50% INCREASE IN TOTAL CAPITAL INVESTED
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YoY Change in
Average Round
Size
YoY Change in
Total Capital
YoY Change in
Deal Volume
Pre Series A +66% -37% -62%
Series A +26% -31% -49%
Series B +35% +45% +8%
Series C -24% -13% +14%
Late Stage +167% +434% +100%
24. MATTERMARK COPYRIGHT 2015,ALL RIGHT RESERVED — WWW.MATTERMARK.COM
DollarsInvested(inMIllionsUSD)
$0
$300
$600
$900
$1,200
$1,500
$1,800
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 PROJECTION*
Seed Series A Series B Series C Late Other
NEW YORK CAPITAL ALLOCATION
* Q1 2015 BASED ON PACE AS OF FEB. 15, 2015
25. MATTERMARK COPYRIGHT 2015,ALL RIGHT RESERVED — WWW.MATTERMARK.COM
DollarsInvested(inMIllionsUSD)
$0
$200
$400
$600
$800
$1,000
$1,200
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015
PROJECTION*
Seed Series A Series B Series C Late Other
NEW YORK CAPITAL ALLOCATION
* Q1 2015 BASED ON PACE AS OF FEB. 15, 2015
- WeWork
- Harry’s
- Rent the Runway
- VICE
- AppNexus
- CommonBond
- HelloFresh
- Taboola
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NumberofInvestmentDeals
0
20
40
60
80
100
120
140
160
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 PROJECTION*
Seed Series A Series B Series C Late Other
NEW YORK DEAL VOLUME
* Q1 2015 BASED ON PACE AS OF FEB. 15, 2015
27. MATTERMARK COPYRIGHT 2015,ALL RIGHT RESERVED — WWW.MATTERMARK.COM
NumberofDeals
0
10
20
30
40
50
60
70
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015
PROJECTION*
Seed Series A Series B Series C Late Other
12121111
26
20
910
7
10
8
5
7
11
7
14
5
17
19
13
16
22
29
31
29
24
27
58
46
63
NEW YORK DEAL VOLUME
* Q1 2015 BASED ON PACE AS OF FEB. 15, 2015
28. MATTERMARK COPYRIGHT 2015,ALL RIGHT RESERVED — WWW.MATTERMARK.COM
DollarsInvested(inMIllionsUSD)
$0
$20
$40
$60
$80
$100
$120
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015
PROJECTION*
Seed Series A Series B Series C Late Other
NEW YORK AVERAGE ROUND SIZES
* Q1 2015 BASED ON PACE AS OF FEB. 15, 2015
29. MATTERMARK COPYRIGHT 2015,ALL RIGHT RESERVED — WWW.MATTERMARK.COM
DollarsInvested(inMIllionsUSD)
$0
$5
$10
$15
$20
$25
$30
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015
PROJECTION*
Seed Series A Series B Series C
NEW YORK AVERAGE ROUND SIZES
* Q1 2015 BASED ON PACE AS OF FEB. 15, 2015
30. This analysis was created using Mattermark Professional.
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