Venture-backed Exit Activity Hit a Quarterly Record $138.3 Billion in 2Q 2019

SEATTLE, July 11, 2019 – The second quarter of 2019 set a quarterly record with $138.3 billion in exit value, bringing total venture-backed exit activity through the first half of the year to $188.5 billion, according to the PitchBook-NVCA Venture Monitor, the authoritative quarterly report on venture capital activity in the entrepreneurial ecosystem jointly produced by PitchBook and the National Venture Capital Association (NVCA), with support from Silicon Valley Bank, Perkins Coie and Solium. A flurry of highly anticipated tech IPOs drove exit value to already surpass every other annual exit total. This strong exit activity has produced strong distributions for LPs, who are recycling that capital into new VC funds. Total venture capital investment through the first half of 2019 reached $66 billion and is nearly on pace to match the record lev­­els of ca­­pital invested in 2018. At this pace, 2019 would mark the second consecutive year in which VC invested has topped $100 billion, further proving how the strategy has evolved and matured over the last decade. CVC activity tempered slightly this quarter but the percentage of CVC-involved deals over $50 million rose to a new decade high of 21% in the first half of 2019. Mega-deal ($100 million+) activity flourished, with 123 mega-deals closed through the first six months of the year accounting for 44.6% of total VC investment. However, deal sizes and valuations in aggregate have plateaued so far in 2019 after climbing incessantly for several years. Fundraising activity got off to a slower start this year relative to 2018’s record but accelerated through 2Q and appears primed to maintain the momentum through year end. (more…)

Second Edition of NVCA-Deloitte Human Capital Survey Uncovers Progress for Diversity & Inclusion at Venture Capital Firms

More VCs recognize the need for adopting and improving D&I business strategies that give women and minorities a chance in leadership roles, but pace of change remains slow

 

WASHINGTON, DC – While much is still left to be done to boost diversity and inclusion (D&I) in the venture capital (VC) industry, the second edition of the National Venture Capital Association (NVCA)-Deloitte Human Capital Survey found that VC firms are beginning to make some important—albeit small—gains in implementing strategies to attract and retain top diverse talent. (more…)

U.S. Venture Capital Industry Starts Strong in 2019 Following Record-Breaking Year

SEATTLE – April 9, 2019 – After setting an all-time high in 2018, VC investment maintained its momentum in the first quarter of 2019, according to the PitchBook-NVCA Venture Monitor. The quarterly report is the authoritative source on venture capital activity in the US entrepreneurial ecosystem and is jointly produced by PitchBook and the National Venture Capital Associate (NVCA), with support from Silicon Valley Bank, Perkins Coie and Solium. For the first time, the report includes a new section on venture investment in US-female founded companies, which will be a recurring section in all future reports. Continuing the developments of the past few years, larger deals drove elevated total capital investment across fewer transactions as valuations have again climbed to unprecedented levels. These ongoing trends are largely due to increased investor competition and the prevalence of mega-funds (VC funds over $500 million). Corporate VC activity as a share of overall VC activity reached a new high, doubling over the past six years and underscoring the heightened role that CVC investors are taking in large rounds at later stages. The exit market retained some of its momentum from 2018, with outsized liquidity events driving quarterly exit value higher. Lyft’s IPO and six VC-backed acquisitions over $650 million helped to carry exit value in 1Q 2019, with a host of upcoming outsized IPOs poised to buoy exit value throughout the year. Fundraising in 1Q cooled compared to 2018 levels but appears primed to accelerate throughout the year as several prominent firms are on the road with new vehicles seeking at least $1 billion. (more…)

Latest NVCA Yearbook Highlights Record Levels Reached by the U.S. Venture Ecosystem in 2018

WASHINGTON, DC – The U.S. venture ecosystem ended 2018 with more than 8,300 companies across the country receiving venture funding, approximately 1,000 venture firms managing nearly 1,900 active venture funds, and more than $400 billion in venture capital (VC) assets under management (AUM), according to the National Venture Capital Association (NVCA) 2019 Yearbook released today. The Yearbook is an annual publication documenting trends and analysis of venture capital activity in the U.S. from the past year and capturing historical data and information about venture’s role in fueling entrepreneurship in America. (more…)

NVCA Oral History Collection Unveiled at the Computer History Museum

Collection Features 17 Venture Capital Industry Luminaries

 

WASHINGTON, DC – The National Venture Capital Association (NVCA) and The Exponential Center at the Computer History Museum (CHM) are pleased to announce a new partnership to preserve and make freely accessible the NVCA Oral History Collection, a rich set of transcripts of 17 venture industry luminaries that have been compiled over the past fifteen years by NVCA. Featured in the collection are: James Blair, Peter Brooke, Mike Brooks, Peter Crisp, Ambassador Walter Curley, William Draper III, Bill Egan, Anthony Evnin, Alan Frazier, Edward Glassmeyer, Richard Kramlich, Charles Lea, Henry McCance, David Morgenthaler, Alan Patricof, James Swartz, and Paul Wythes. (more…)

Venture Industry Leaders Honored at the 2019 NVCA Leadership Gala

SAN FRANCISCO, CA – The National Venture Capital Association (NVCA) today honored leaders of the venture capital industry for their significant contributions to advance innovation, strengthen the industry, and promote U.S. entrepreneurship at the 2019 NVCA Leadership Gala. NVCA recognized the recipients of the Lifetime Achievement in Venture Capital Award, Outstanding Service Award, and American Spirit Award and announced the winners of the Rising Star Award, Excellence in Healthcare Innovation Award, and Venture Firm of the Year Award. (more…)

ARCH Venture Partners Receives Firm of the Year Recognition at NVCA Leadership Gala

SAN FRANCISCO, CA – The National Venture Capital Association (NVCA) today presented ARCH Venture Partners with the 2019 Venture Firm of the Year Award at the 2019 NVCA Leadership Gala. Held at the Four Seasons in San Francisco, CA, the NVCA Leadership Gala celebrates the venture industry and honors those who have made significant contributions to foster innovation, advance technology and drive new company formation.  (more…)

Mia Hegazy Presented with Rising Star Award at NVCA Leadership Gala

SAN FRANCISCO, CA – The National Venture Capital Association (NVCA) today presented Mia Hegazy with the 2019 Rising Star Award at the 2019 NVCA Leadership Gala. Held at the Four Seasons in San Francisco, CA, the NVCA Leadership Gala celebrates the venture industry and honors those who have made significant contributions to foster innovation, advance technology and drive new company formation.  (more…)

Bryan Roberts Presented with Excellence in Healthcare Innovation Award at NVCA Leadership Gala

SAN FRANCISCO, CA – The National Venture Capital Association (NVCA) today presented Bryan Roberts with the 2019 Excellence in Healthcare Innovation Award at the 2019 NVCA Leadership Gala. Held at the Four Seasons in San Francisco, CA, the NVCA Leadership Gala celebrates the venture industry and honors those who have made significant contributions to foster innovation, advance technology and drive new company formation.  (more…)