Venture Capitalists Raise $5 Billion in Fourth Quarter, $28 Billion for Year

Strong Fundraising Pace from 2014 Continues in 2015

NEW YORK, NY – U.S. venture capital firms raised $5.0 billion for 46 funds during the fourth quarter of 2015, a nine percent increase by dollar commitments from the third quarter and a 25 percent decrease in number of funds raised, according to the Fundraising Report by Thomson Reuters and the National Venture Capital Association (NVCA).  Venture capital dollar commitments during full year 2015 totaled $28.2 billion, down nine percent compared to full year 2014 but much higher than the $17.7 billion and $19.9 billion raised in 2013 and 2012 respectively and higher than the yearly average of $20.32 billion since 2006. (more…)

Seventy-Seven Venture-Backed Companies Went Public in 2015

Fourth Quarter IPO Volume Up Slightly from Previous Quarter

NEW YORK, NY – Seventy-seven venture-backed initial public offerings (IPOs) raised $9.4 billion in 2015, marking a 40 percent decline in dollars raised compared to 2014, according to the Exit Poll Report by Thomson Reuters and the National Venture Capital Association (NVCA).  For the fourth quarter, 16 venture-backed IPOs raised $2.2 billion, an 18 percent increase compared to the total dollars raised during the previous three-month period and up slightly compared to the number of offerings listed during the third quarter of 2015.  Ninety-one venture-backed M&A deals were reported in the fourth quarter, 26 of which had an aggregate deal value of $3.6 billion, decreasing 48 percent compared to the third quarter of this year.  For full year 2015, 372 M&A transactions were reported, with 84 deals combining for a disclosed value of $16.3 billion, the slowest full year period for venture-backed M&A since 2009. (more…)

NVCA Cheers Provisions Included in Spending and Tax Package that Benefit Entrepreneurial Ecosystem

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after Congress passed the combined omnibus spending and tax extender package which includes a two-year suspension of the medical device tax and permanence for the 100% exclusion from capital gains taxes for Qualified Small Business Stock (QSBS).

“Since its inception, the medical device tax has been a massive drain on medical device innovation, but has been particularly acute to venture-backed medical device startups due to the imposition of the tax regardless of whether they make a profit or not,” said Bobby Franklin, President and CEO of NVCA. (more…)

Maryam Haque Named Vice President of Research for NVCA

WASHINGTON, DC – The National Venture Capital Association (NVCA) today announced the appointment of Maryam Haque as Vice President of Research effective immediately.  Haque comes to NVCA from EMPEA, the global industry association for private capital in emerging markets, where she served most recently as Senior Director of Research. (more…)

Corporate Venture Participation Jumps to Over One Fifth of All Venture Deals in Third Quarter

Corporate Venture Accounts for Half of all Funding for Energy Startups in 2015

WASHINGTON, DC – Corporate venture groups deployed $2.3 billion in 240 deals to the startup ecosystem during the third quarter of 2015, accounting for 14.1% of all venture capital dollars invested and 21.5% of all deals, according to the MoneyTree Report™ from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provide by Thomson Reuters.  Through the first three quarters, a combined 181 corporate venture groups participated in 20.5% of all deals and accounted for 13.6% of the total venture dollars deployed to startups in 2015.    (more…)

NVCA Welcomes SEC Adoption of Crowdfunding Rules

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after the Securities and Exchange Commission (SEC) adopted final rules to allow for the creation of crowdfunding platforms as required by Title III of the Jumpstart Our Business Startups (JOBS) Act. (more…)

$16 Billion in Venture Capital Deployed to Startup Ecosystem in Third Quarter, According to the MoneyTree Report

WASHINGTON, DC – Venture capitalists invested $16.3 billion in 1,070 deals in the third quarter of 2015, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Total venture dollars deployed to startup companies for the quarter decreased 5 percent and total deal count was down 11 percent compared to the second quarter when $17.3 billion was invested in 1,202 deals. The third quarter marks the seventh consecutive quarter of more than $10 billion of venture capital invested in a single quarter. The $47.2 billion invested in the first three quarters of 2015 is higher than each of the full year totals for 17 of the last 20 years. (more…)

Venture Capitalists Raise $4.4 billion for Deployment to Startup Ecosystem

Largest First Time Fund of the Year Closes in Third Quarter

NEW YORK, NY – U.S. venture capital firms raised $4.4 billion for 53 funds during the third quarter of 2015, a decrease of 34 percent compared to the number of funds raised during the second quarter of 2015, and a 59 percent decrease by dollar commitments, according to the Fundraising Report by Thomson Reuters and the National Venture Capital Association (NVCA).  Venture capital dollar commitments during the third quarter of 2015 decreased 33 percent compared to the third quarter of 2014 and marked the slowest three-month period for venture capital fundraising since the third quarter of 2013 when U.S. venture capital firms raised just over $4.38 billion. (more…)

M&A Value Hits $5.1 Billion for Strongest Quarter This Year

Market Volatility Drags Down Venture-Backed IPO Activity in Third Quarter

NEW YORK, NY – Ninety venture-backed M&A deals were reported in the third quarter, 20 of which had an aggregate deal value of $5.1 billion, increasing 39 percent compared to the second quarter and marking the strongest quarter for M&A exits with disclosed value this year, according to the Exit Poll Report by Thomson Reuters and the National Venture Capital Association (NVCA).  Thirteen venture-backed initial public offerings (IPOs) raised $1.7 billion during the third quarter of 2015, a 55 percent decrease, by number of offerings, from the second quarter of this year and 54 percent decline in total amount of dollars raised during the previous three-month period. (more…)

Immigration Reform, Emerging Technology Top of Mind for US Investors, According to 2015 Global Venture Capital Confidence Survey

NEW YORK, NY – United States-based investors are expressing doubt in the government’s ability to enact policies that support domestic venture capital and private equity investment over the next 12 months, according to the “2015 Global Venture Capital Confidence Survey” from Deloitte and the National Venture Capital Association (NVCA). This year’s survey ranked the U.S. among the lowest in investor confidence, with a rating just above those of Sweden and Brazil.

The survey revealed that of the priority policy areas cited, nearly two-thirds of U.S. investors called for government leaders to address legal immigration reform. The survey also highlighted positive investor sentiment in emerging technologies such as cloud computing, mobile technology, and the Internet of Things over the course of the next year. Additionally, the global IPO market rose for the fourth year in a row in terms of positive investor outlook. (more…)