Investors put $33.1 billion to work funding startups in Q2 2018, a 16% increase from Q1 and 43% increase from Q2 2017. This was likely the highest funding level since the 2008 financial crisis. It was also a strong quarter for exits, with at least 27 US companies going public and $22 billion in disclosed acquisitions of startups. The report analyzed funding levels and trends across various stages from seed to late stage for US and Canadian companies.

1. Charts From The North American VC Report
Q2 2018

2. North American VC Report – Q2 2018
About These Slides
This presentation contains charts, graphs, and
tables used in Crunchbase News’s quarterly
reporting.
The full text of the report can be found here.
2

3. North American VC Report – Q2 2018
Table of Contents
3
Money In 4
General Overview 6
Seed-Angel Stage 10
Early Stage 15
Late Stage 20
Technology Growth 25
Money Out 29
Venture-Backed M&A 31
Initial Public Offerings 33
Methodology 35

4. North American VC Report – Q2 2018
Money In
Reviewing Venture Investment Into Technology Companies
4

5. North American VC Report – Q2 2018
Key Findings For Q2
Investors put $33.1 billion to work across all stages for
U.S. and Canadian startups over the course of the just-
ended quarter. That’s an increase of 16 percent from Q1
of 2018 and a whopping 43 percent increase from Q2 of
2017.
These appear to be the highest numbers since the 2008
financial crisis, according to Crunchbase records. It’s
likely that these are also the largest tallies since the dot-
com bubble, though our records do not go back far
enough to definitively validate this.
5

6. North American VC Report – Q2 2018
General Overview
6

7. North American VC Report – Q2 2018 7

8. North American VC Report – Q2 2018 8

9. North American VC Report – Q2 2018 9

10. North American VC Report – Q2 2018
Seed-Angel Stage
10

11. North American VC Report – Q2 2018
About Seed-Angel Stage
Crunchbase’s Seed-Angel stage includes
financings that are classified as a seed or angel,
including accelerator fundings and equity
crowdfunding below $5 million.
11

12. North American VC Report – Q2 2018 12

13. North American VC Report – Q2 2018 13

14. North American VC Report – Q2 2018 14

15. North American VC Report – Q2 2018
Early Stage
15

16. North American VC Report – Q2 2018
About Early Stage
Early stage venture include financings that are
classified as a Series A or B, venture rounds
without a designated series that are below $15
million, and equity crowdfunding above $5 million.
16

17. North American VC Report – Q2 2018 17

18. North American VC Report – Q2 2018 18

19. North American VC Report – Q2 2018 19

20. North American VC Report – Q2 2018
Late Stage
20

21. North American VC Report – Q2 2018
About Late Stage
Late stage venture include financings that are
classified as a Series C+ and venture rounds
greater than $15 million.
21

22. North American VC Report – Q2 2018 22

23. North American VC Report – Q2 2018 23

24. North American VC Report – Q2 2018 24

25. North American VC Report – Q2 2018
Technology Growth
25

26. North American VC Report – Q2 2018
About Technology Growth
Technology Growth includes private equity
investments in companies that had previously
raised venture funding.
26

27. North American VC Report – Q2 2018 27

28. North American VC Report – Q2 2018 28

29. North American VC Report – Q2 2018
Money Out
Reviewing Venture-Backed M&A And IPOs
29

30. North American VC Report – Q2 2018
Key Findings For Q2
It is reasonable to conclude that Q2 2018 was a
very good quarter for exits, including both M&A
deals and IPOs.
At least 27 U.S.-based, venture-backed companies
went public. Acquirers spent just over $22 billion
in disclosed-price purchases of U.S. and Canadian
companies that previously raised venture capital.
30

31. North American VC Report – Q2 2018
Venture-Backed
Mergers & Acquisitions
31

32. North American VC Report – Q2 2018 32

33. North American VC Report – Q2 2018
Initial Public Offerings
33

34. North American VC Report – Q2 2018 34

35. North American VC Report – Q2 2018
Methodology
35

36. North American VC Report – Q2 2018
About “Projected” Data
Crunchbase uses projections for global and U.S. trend
analysis.
Crunchbase bases these projections on historical
patterns in late reporting, which are most pronounced
at the earliest stages of venture activity.
Using projected data helps prevent undercounting or
reporting skewed trends that only correct over time.
All projected values are noted accordingly.
36

37. North American VC Report – Q2 2018
About “Reported” Data
Certain metrics, like mean and median reported
round sizes, were generated using only reported
data.
Unlike with projected data, Crunchbase calculates
these kinds of metrics based only on the data it
currently has.
All reported values are noted accordingly.
37

38. North American VC Report – Q2 2018
About Foreign Currencies
All funding values are given in U.S. dollars unless
otherwise noted.
Crunchbase converts foreign currencies to US dollars at
the prevailing spot rate from the date funding rounds,
acquisitions, IPOs, and other financial events are reported.
Even if those events were added to Crunchbase long after
the event was announced, foreign currency transactions
are converted at the historic spot price.
38