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Q1 2017 Venture Capital Deals and Exits 4 April 2017

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Q1 2017 Venture Capital Deals and Exits 4 April 2017 DOWNLOAD THE DATA PACK Q1 2017 VENTURE CAPITAL DEALS AND EXITS 4 APRIL 2017 Fig. 1: Global Quarterly Venture Capital Deals*, Fig. 3: Number of Venture Capital Deals in Q1 2017 by Q1 2012 - Q1 2017 Fig. 2: Venture Capital Deals* in Q1 2017 by Region Investment Stage 3,500 50 100% 3% 9% 1% Angel/Seed 45 8% 3,000 90% 2% 40 ($bn) Value Deal Aggregate 9% Other 8% Series A/Round 1 80% 1% 2,500 5% 35 29% 1% Series B/Round 2 70% 19% Israel 30 3% 30% 2,000 Series C/Round 3 60% 4% 25 India 1,500 11% Series D/Round 4 and Later 20 50% 22% 6% No. of Deals No. Greater China 1,000 15 40% Growth Capital/Expansion 10 500 Total of Proportion 30% Europe PIPE 5 47% 14% 20% 39% 0 0 North America Grant Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 10% 28% Venture Debt 2012 2013 2014 2015 2016 2017 0% Add-on & Other No. of Deals Aggregate Deal Value ($bn) No. of Deals Aggregate Deal Value Source: Preqin Private Equity Online Source: Preqin Private Equity Online Source: Preqin Private Equity Online Fig. 5: Average Value of Venture Capital Deals by Investment Fig. 4: Venture Capital Deals* in Q1 2017 by Industry Stage, 2015 - Q1 2017 Fig. 6: Number of US Venture Capital Deals* in Q1 2017 by State 30% 28% 100 94 89 25% 90 86 25% 23% 80 70 20% 19% 63 2015 California 17% 60 16% 31% 50 15% 13% 42 41 2016 New York 37 39 12% 40 33 40% 10% 8% 30 23 23 23 23 24 Q1 2017 Massachusetts 7% 19 Proportion of Total of Proportion 5% 5% 5% 20 5% 4% 111210 3% 3% ($mn) Deal Size Average 10 Texas 2% 2% 2%2% 1 2 2 0 0% 4% Washington 4% Other Round 2 Round Round 3 Round Series B/ Round 1 Round Series C/ Series A/ Other Internet Other IT Other Services Business Clean Related Telecoms 9% Angel/Seed Industrials Healthcare Software & 14% Expansion Consumer Technology 4 and Later 4 and Venture Debt Discretionary Series D/Round Growth Capital/ No. of Deals Aggregate Deal Value Investment Stage Source: Preqin Private Equity Online Source: Preqin Private Equity Online Source: Preqin Private Equity Online *Figures exclude add-ons, grants, mergers, venture debt and secondary stock purchases. 1 © Preqin Ltd. 2017 / www.preqin.com DOWNLOAD THE DATA PACK Q1 2017 VENTURE CAPITAL DEALS AND EXITS 4 APRIL 2017 Fig. 7: 10 Largest Venture Capital Deals* Announced Globally in Q1 2017 Portfolio Company Deal Date Investment Stage Deal Size (mn) Investor(s) Industry Location Zhejiang Koubei Network Jan-17 Unspecifi ed Round 1,100 USD CDH Investments, Primavera Capital, Silver Lake, YF Capital Telecoms China Technology Co., Ltd. Flipkart Internet Private Limited Mar-17 Unspecifi ed Round 1,000 USD eBay Inc., Microsoft, Tencent Internet India GRAIL, Inc. Mar-17 Series B/Round 2 900 USD ARCH Venture Partners, Bristol-Myers Squibb, Johnson & Johnson Innovation Biotechnology US Verily Life Sciences LLC Jan-17 Unspecifi ed Round 800 USD Temasek Holdings Life Sciences US Ucar Mar-17 Series D/Round 4 4,600 CNY China UnionPay, Shanghai Pudong Development Bank Telecoms China Snap Inc. Mar-17 PIPE 500 USD NBC Universal Telecoms US Social Finance Feb-17 Series F/Round 6 500 USD GPI Capital, Silver Lake, Softbank Financial Services US Uxin Internet (Beijing) Information China Renaissance Partners, China Vision Capital, Focus Media, Hillhouse Capital Jan-17 Series D/Round 4 500 USD Internet China Technology Co., Ltd Management, Jeneration Capital, KKR, Tiger Global Management, TPG, Warburg Pincus Atomico, CITIC Private Equity Funds Management, Coatue Management, Didi Chuxing, Ofo Bicycle Mar-17 Series D/Round 4 450 USD Telecoms China DST Global, Macrolink Group, Matrix Partners China Airbnb Mar-17 Series F/Round 6 448 USD CapitalG, China Investment Corporation, Technology Crossover Ventures Internet US *Figures exclude add-ons, grants, mergers, venture debt and secondary stock purchases. Source: Preqin Private Equity Online Fig. 8: Global Quarterly Venture Capital-Backed Exits, Q1 2012 - Q1 2017 Fig. 9: Venture Capital-Backed Exits in Q1 2017 by Region Fig. 10: Venture Capital-Backed Exits in Q1 2017 by Type 180 450 50 166 100% 4% 400 45 160 90% 9% Aggregate Exit Value ($bn) Value Exit Aggregate 29% 40 140 6% 350 80% 35 120 300 70% Write-off 30 5% 250 100 25 60% IPO 200 80 20 50% No. of Exits No. 150 60 49 Sale to GP 15 40% 40 80% 100 10 19 21 Total of Proportion 66% 20 14.0 15 30% Trade Sale 50 5 7 1.4 0.6 0.5 0.1 0.7 20% 0 0 0 North Europe Greater India Israel Other Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 10% America China 2012 2013 2014 2015 2016 2017 0% No. of Exits Aggregate Exit Value ($bn) No. of Exits Aggregate Exit Value No. of Exits Aggregate Exit Value Source: Preqin Private Equity Online Source: Preqin Private Equity Online Source: Preqin Private Equity Online 2 © Preqin Ltd. 2017 / www.preqin.com DOWNLOAD THE DATA PACK Q1 2017 VENTURE CAPITAL DEALS AND EXITS 4 APRIL 2017 Fig. 11: 10 Largest Venture Capital-Backed Exits Announced Globally in Q1 2017 Date of First Total Known Exit Exit Value Portfolio Company Investor(s) Exit Type Acquiror (Exit) Industry Location Investment Funding ($mn) Date (mn) Adage Capital Management, Altimeter Capital, Battery Ventures, ClearBridge, Cross Creek Advisors, General Atlantic, Goldman Sachs, Greylock Partners, Industry Ventures, Institutional Venture Partners, AppDynamics Inc. Apr-08 414.5 Trade Sale Jan-17 Cisco Systems, Inc. 3,700 USD Software US Kleiner Perkins Caufi eld & Byers, Lightspeed Venture Partners, Sands Capital Management, Silicon Valley Bank Alibaba Group, Benchmark Capital, Coatue Management, DST Global, Fidelity Investments, General Atlantic, General Catalyst Partners, GIC, Glade Brook Capital Partners, HDS Capital, Institutional Snap Inc.* Mar-12 2908.99 IPO Mar-17 3,400 USD Telecoms US Venture Partners, Kleiner Perkins Caufi eld & Byers, Lightspeed Venture Partners, Lone Pine Capital, Morgan Stanley, NBC Universal, Sequoia Capital, SV Angel, T Rowe Price, Tencent, Yahoo ZELTIQ Aesthetics, Inc. Mar-06 Advanced Technology Ventures, Aisling Capital, Frazier Healthcare Ventures, Venrock 77.9 Trade Sale Feb-17 Allergan Inc 2,475 USD Medical Devices US Baillie Giff ord, IFC Asset Management Company, Naspers, Standard Chartered Private Equity, Tiger United Arab Souq.com FZ-LLC Oct-12 390 Trade Sale Mar-17 Amazon 650 USD Internet Global Management Emirates Hewlett Packard Accel Partners, Charles River Ventures, DFJ Growth, Draper Fisher Jurvetson, Draper Nexus Ventures, SimpliVity Aug-12 276.5 Trade Sale Jan-17 Enterprise 650 USD Software US Kleiner Perkins Caufi eld & Byers, Meritech Capital Partners, Swisscom Ventures, Waypoint Capital Development LP .406 Ventures, Atlas Venture, Flexera Software, In-Q-Tel, Macrovision Corp, Meritech Capital Partners, Veracode, Inc. Mar-06 119 Trade Sale Mar-17 CA Technologies 614 USD Software US Polaris Partners, StarVest Partners, Symantec Corp, Wellington Management Aravis, Banexi Ventures Partners, BioMed Partners, Endeavour Vision, Gaia Private Equity, Novartis Medical Symetis SA Oct-04 60.07 Sale to GP Mar-17 Boston Scientifi c 435 USD Switzerland Venture Funds, Renaissance, Stage Capital, Truffl e Capital, Vinci Capital Partners, Wellington Partners Technologies Trello, Inc. Jul-14 Accel Partners, Atlassian, Dragoneer Investment Group, Index Ventures, Spark Capital, T Rowe Price 10.3 Trade Sale Jan-17 Atlassian 425 USD Software US BlackRock, ClearBridge, Fidelity Investments, Firsthand Capital Management, Focus Ventures, Amobee Media Turn Inc. Nov-06 Greenspring Associates, Northport Investments, Norwest Venture Partners, Pine River Capital 138.5 Trade Sale Feb-17 310 USD Software US Systems Management, Shasta Ventures, Trident Capital Bank of China Group Investment, Banque Palatine, BNP Paribas Capital, BNP Paribas Capital Partners, Teads.tv Jan-07 Bpifrance Investissement Régions, Ebuzzing, Elaia Partners, Gemini Israel Ventures, Gimv, HSBC Group, 128.51 Trade Sale Mar-17 Altice S.A. 285 EUR Software France Lightspeed Venture Partners, Partech International Ventures, SoftTech VC, Solorun, Viola Credit *Denotes a partial exit. Source: Preqin Private Equity Online LOOKING FOR MORE DATA AND ANALYSIS? Preqin provides information, data and research on the private equity and venture capital industry across fund performance, fundraising, fund managers, investors, deals, fund terms and more. If you have more detailed requests for private equity data or any questions, please contact us: : +44 (0)20 3207 0265 : www.preqin.com : [email protected] 3 © Preqin Ltd. 2017 / www.preqin.com.
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