Q2 2016 Venture Capital Deals and Exits Download the Data Pack July 2016
Fig. 1: Global Quarterly Venture Capital Deals*, Q1 2011 - Fig. 3: Number of Venture Capital Deals in Q2 2016 by Q2 2016 Fig. 2: Venture Capital Deals* in Q2 2016 by Region Investment Stage
3,000 50 100% 1.5 187 0.6 Angel/Seed 45 1.0 Aggregate DealValue ($bn) 90% 53 2,500 237 40 80% 1% 8% Series A/Round 1 1% 3% 35 16.7 Series B/Round 2 2,000 70% 460 2% 30 3% 60% 33% Series C/Round 3 1,500 25 50% 407 7% 20 3.1 Series D/Round 4 and Later
No. of Deals 1,000 40% 15 Growth Capital/Expansion
Proportion of Total Proportion 30% 10 500 17.5 15% PIPE 5 20% 900 0 0 10% Grant
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 0% 27% Venture Debt 201120122013201420152016 No. of DealsAggregate Deal Value ($bn) Add-on & Other No. of Deals Aggregate Deal Value ($bn) North America Europe Greater China India Israel Other
Source: Preqin Private Equity Online Source: Preqin Private Equity Online Source: Preqin Private Equity Online
Fig. 5: Average Value of Venture Capital Deals, 2014 - Fig. 6: Number of US Venture Capital Deals* in Q2 2016 by Fig. 4: Venture Capital Deals* in Q2 2016 by Industry H1 2016 State
35% 120 111 111 31% 30% 96 27% 100 25% 2014 California 80 78 21% 21% 26% 20% 20% 16% 60 2015 New York 15% 13% 13% 44 39 37 Massachusetts 10% 9% 40 30 32 H1 2016 45% 25 Proportion of Total of Proportion 5% 23 23 4% 4% Deal Size ($mn) Average 18 18 5% 3% 2% 3% 3% 20 10 12 3% Texas 1% 2% 1% 8 10 1% 1 2 0% 1 4% 0 Washington 8% Other Other
Other IT Other
Internet
Business
Services
Clean
Food & Food
Series Series B/
Round 2 Round
Round 1 Round
Round 3 Round
Telecoms
Related
Series Series A/ Series Series C/ 14%
Agriculture
Software Software &
Healthcare
Consumer
Technology
Angel/Seed
Discretionary
Expansion
4 andLater 4
Venture Debt Venture
No. of Deals Aggregate Deal Value ($bn) Series D/Round
GrowthCapital/
Source: Preqin Private Equity Online Source: Preqin Private Equity Online Source: Preqin Private Equity Online
Page 1 of 3 *Figures exclude add-ons, grants, mergers venture debt & secondary stock purchases © 2016 Preqin Ltd. / www.preqin.com Q2 2016 Venture Capital Deals and Exits Download the Data Pack July 2016
Fig. 7: 10 Largest Venture Capital Deals* Announced Globally in Q2 2016
Portfolio Company Deal Date Investment Stage Deal Size (mn) Investor(s) Industry Location CCB Trust, China Development Bank Capital, China Investment Corporation, China Life Insurance Company, China Post Ant Financial 26-Apr-16 Series B/Round 2 4,500 USD Software China Capital, Primavera Capital Uber Technologies, Inc. 01-Jun-16 Series G/Round 7 3,500 USD Public Investment Fund Telecoms US Didi Chuxing** 15-Jun-16 Unspecifi ed Round 2,800 USD Alibaba Group, Ant Financial, BlackRock, Oppenheimer Alternative Investment Management, Softbank, Tencent Telecoms China Coatue Management, Fidelity Investments, General Atlantic, Glade Brook Capital Partners, Institutional Venture Partners, Snapchat, Inc.*** 25-May-16 Series F/Round 6 1,087 USD Telecoms US Lone Pine Capital, Sequoia Capital, T Rowe Price Didi Chuxing** 13-May-16 Unspecifi ed Round 1,000 USD Apple Inc. Telecoms China Lianjia 07-Apr-16 Series B/Round 2 6,000 CNY Baidu, China Renaissance Partners, Hillhouse Capital Management, Matrix Partners, Source Code Capital, Tencent Internet China Lazada**** 11-Apr-16 Unspecifi ed Round 500 USD Alibaba Group Internet Singapore Ping An Good Doctor 20-May-16 Series A/Round 1 500 USD IDG Capital Partners Healthcare IT China China Media Capital, Dalian Zeus Entertainment, Everbright Financial Holding Asset Management, iDreamSky Weiying 27-Apr-16 Series C/Round 3 3,000 CNY Internet China Technology, Sino Ocean Land Holding Limited, Tencent Didi Chuxing** 27-May-16 Unspecifi ed Round 400 USD Alibaba Group, Ant Financial Telecoms China
Source: Preqin Private Equity Online *Figures exclude add-ons, grants, mergers, venture debt & secondary stock purchases ** As part of a $7.3bn round completed in Q2 2016 including $2.8bn debt and $4.5bn equity *** As part of a $1.8bn round started in 2015 **** As part of a $1bn round which included a $500mn secondary stock purchase
Fig. 10: Venture Capital-Backed Exits in Q2 2016 by Exit Fig. 8: Venture Capital-Backed Exits, Q1 2011 - Q2 2016 Fig. 9: Venture Capital-Backed Exits in Q2 2016 by Region Type
400 50 160 100% 0.0 17 1.1 1.7 45 Aggregate ExitValue ($bn) 138 90% 350 140 29 40 300 80% 10 35 120 l 70% 250 30 100 60% 200 25 80 50% 20
No. of Exits 150 23.4 15 60 55 40% 188 100 10 30% 40 of Tota Proportion 50 5 22 20% 20 14.3 12 0 0 10.8 7 10 0.1 0.2 0.2 0.5 10%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 0 North EuropeGreater IndiaIsraelOther 0% 201120122013201420152016 America China No. of ExitsAggregate Exit Value ($bn)
No. of Exits Aggregate Exit Value ($bn) No. of Exits Aggregate Exit Value ($bn) Trade Sale Sale to GP IPO Write Off
Source: Preqin Private Equity Online Source: Preqin Private Equity Online Source: Preqin Private Equity Online Page 2 of 3 © 2016 Preqin Ltd. / www.preqin.com Q2 2016 Venture Capital Deals and Exits Download the Data Pack July 2016
Fig. 11: 10 Largest Venture Capital-Backed Exits Announced Globally in Q2 2016
Total Known Exit Portfolio Date of First Exit Investor(s) Funding Exit Date Acquiror (Exit) Value Industry Location Company Investment Type (mn) (mn) Accel Partners, Atomico, Gungho Online Entertainment, Index Ventures, Institutional Trade 8,600 Supercell 25-May-11 1,,672 USD 21-Jun-16 Tencent Gaming Finland Venture Partners, London Venture Partners, Softbank Sale USD Artis Ventures, Capital Group, Fidelity Investments, Founders Fund, Sequoia Capital, Silicon Trade 5,800 Stemcentrx 11-Mar-11 474 USD 28-Apr-16 AbbVie Healthcare US Valley Bank Sale USD Sale to Vista Equity 1,650 Cvent Inc. 20-Jul-11 Greenspring Associates, Insight Venture Partners, New Enterprise Associates 137 USD 18-Apr-16 Software US GP Partners USD Celator BDC Venture Capital, Domain Associates, GrowthWorks Capital, Hearthstone Investments Trade Jazz 1,500 Pharmaceuticals, 28-Jan-03 Ltd., National Securities Corporation, Quaker Partners Management, Roth Capital Partners, 137 USD 31-May-16 Pharmaceuticals US Sale Pharmaceuticals USD Inc. Thomas, McNerney & Partners, TL Ventures, Valence Life Sciences, Ventures West Capital Trade 1,100 TiVo Inc. 01-Jun-97 Crosslink Capital, New Enterprise Associates, TriplePoint Capital 25 USD 29-Apr-16 Rovi Corporation Media US Sale USD African Development Bank, Allen & Company, Crédit Agricole, Credit Agricole Corporate and Investment Bank, Development Bank of Southern Africa, Dexia, Dexia PE, German O3b Networks Trade 16-Nov-09 Development Financial Institution, GV, HSBC - North America, HSBC Bank, HSBC Principal 2,205 USD 27-May-16 SES 730 USD IT Infrastructure UK Limited Sale Investments, ING Bank, ING Group, Liberty Global Capital, Luxempart, North Bridge Venture Partners, Proparco, Satya Capital, SES, Sofi na Privalia Venta Cabiedes & Partners, Caixa Capital Risc, General Atlantic, Highland Capital Partners, Index Trade Vente-Privee. 26-Nov-07 274 USD 13-Apr-16 500 EUR Internet Spain Directa Ventures, Insight Venture Partners, La Caixa Group, Nauta Capital, Sofi na Sale com Accel Partners, Kleiner Perkins Caufi eld & Byers, MHS Capital Partners, New Cycle Capital, Trade Oracle Opower 01-Aug-07 66 USD 02-May-16 532 USD Software US New Enterprise Associates Sale Corporation Afferent Domain Associates, Fidelity Management & Research Company, Jennison Associates, New Trade Pharmaceuticals, 30-Oct-09 Leaf Venture Partners, Pappas Ventures, Partner Fund Management, Redmile Group, Tekla 88 USD 09-Jun-16 Merck 500 USD Pharmaceuticals US Sale Inc. Capital Management, Third Rock Ventures Access Industries, Alibaba Group, HV Holtzbrinck Ventures Adviser GmbH, Kinnevik, Rocket Trade Lazada 12-Nov-12 1,185 USD 11-Apr-16 Alibaba Group 500 USD Internet Singapore Internet, Summit Partners, Temasek Holdings, Tengelmann Group, Tesco plc, Verlinvest Sale
*Denotes partial exit Source: Preqin Private Equity Online
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