DOWNLOAD THE DATA PACK 2018 VENTURE CAPITAL DEALS AND EXITS 7 January 2019
Fig. 3: Proportion of Number of Venture Capital Deals in 2018 by Fig. 1: Annual Global Venture Capital Deals*, 2009 - 2018 Fig. 2: Venture Capital Deals* in 2018 by Region Investment Stage
16,000 15,703 400 100% Angel/Seed 14,691 14,889 7% 13,951 9% 1% 14,000 Aggregate Deal Value ($bn) 90% 2% 3% 12,980 5% 1% 5% Series A/Round 1 Other 4% 11,399 80% 12,000 300 1% Series B/Round 2 10,219 70% 29% Israel 4% 10,000 39% 8,566 0.3% 35% Series C/Round 3 60% 7% 8,000 7,024 200 India 50% Series D/Round 4 and Later No. of Deals 5,528 19% 8% 6,000 40% Greater China Growth Capital/Expansion 4,000 100 Proportion of Total 14% 30% Europe PIPE 2,000 20% 37% 41% North America Grant 0 0 10% 0% 28% Venture Debt 2012 2016 2018 2009 2010 2011 2013 2014 2015 2017 No. of… Aggregate… No. of Deals Aggregate Deal Value ($bn) Add-on & Other Source: Preqin Pro Source: Preqin Pro Source: Preqin Pro
Fig. 4: Venture Capital Deals* in 2018 by Industry Fig. 5: Average Value of Venture Capital Deals, 2016 - 2018 Fig. 6: Proportion of Number of US Venture Capital Deals* in 2018 by State
30% 29% 120 100 23% 22% 80 California 20% 60 New York 15% 14% 13%14% 36% 35% 12% 40 10% Massachusetts 10% 7% 20 Proportion of Total 7% 6% 6% Average Deal Value ($mn) 4% 5% Texas 4%3% 2% 2%2% 0 0% Washington 3% Other Other Angel/Seed Expansion Venture Debt 4% Internet Other IT and Later
Services 14% Business Related Telecoms Cleantech Industrials Growth Capital/
Software & 8% Healthcare Consumer Series A/Round 1 A/Round Series Series C/Round 3 C/Round Series Series B/Round 2 Series D/Round 4 Discretionary No. of Deals Aggregate Deal Value 2016 2017 2018 Source: Preqin Pro Source: Preqin Pro Source: Preqin Pro
*Figures exclude add-ons, grants, mergers, venture debt and secondary stock purchases.
1 ©Preqin Ltd. / www.preqin.com DOWNLOAD THE DATA PACK 2018 VENTURE CAPITAL DEALS AND EXITS 7 January 2019
Fig. 7: Largest Venture Capital Deals* Globally in 2018
Portfolio Company Deal Date Investment Stage Deal Size (mn) Investor(s) Industry Location Baillie Gifford, Carlyle Group, CPP Investment Board, Discovery Capital Management, General Atlantic, GIC**, Janchor Partners, Ant Financial Services Group Jun-18 Series C/Round 3 14,000 USD Internet China Khazanah Nasional, Primavera Capital, Sequoia Capital, Silver Lake, T Rowe Price, Temasek Holdings**, Warburg Pincus Consumer JUUL Labs, Inc. Dec-18 Unspecified Round 12,800 USD Altria Group, Inc. US Products Beijing Bytedance Technology Co., Ltd. Oct-18 Pre-IPO 4,000 USD KKR**, Primavera Capital**, Softbank China Venture Capital** Internet China Hangzhou Mouth Phase Communication Network Aug-18 Unspecified Round 3,000 USD Alibaba Group**, SB Investment Advisers** Telecoms China Technology Co., Ltd. Pinduoduo, Inc. Apr-18 Series C/Round 3 3,000 USD Sequoia Capital, Tencent** Telecoms China Coupang Nov-18 Unspecified Round 2,000 USD SB Investment Advisers Internet South Korea All-Stars Investment, Lightspeed Venture Partners, Macquarie Capital, Mirae Asset Venture Investment, OppenheimerFunds, Ping Grab Holdings Inc. Aug-18 Unspecified Round 2,000 USD Telecoms Singapore An Ventures, Sino-Rock Investment Management, Toyota Motor Corporation**, Vulcan Capital JD Finance*** Jul-18 Series B/Round 2 13,000 CNY Bank of China Group Investment, China International Capital Corporation Private Equity, China Securities International, CITIC Capital Internet China Baillie Gifford, CapitalG, China Reform Fund Management**, Farallon Capital Management, Hillhouse Capital Management, IDG Manbang Group Apr-18 Unspecified Round 1,900 USD Internet China Capital, SB Investment Advisers**, Sequoia Capital, Tencent China Media Capital Inc. Jul-18 Series A/Round 1 10,000 CNY Alibaba Group**, China Vanke Co. Ltd.**, CMB International Capital Management, Tencent** Media China Source: Preqin Pro Fig. 8: Annual Global Venture Capital-Backed Exits, 2009 - 2018 Fig. 9: Venture Capital-Backed Exits in 2018 by Region Fig. 10: Venture Capital-Backed Exits in 2018 by Type
100% 1,800 1,690 1,680 180 700 662 3% 90% 1,600 1,490 160 17% 1,429 600 33% Aggregate Exit Value ($bn) 80% 1,400 1,307 140 11% 1,192 500 70% Write-off 1,200 1,085 1,107 1,094 120 60% 6% 1,000 100 400 IPO & Follow-on 50% 748 800 80 300 No. of Exits 40% Sale to GP 600 60 70%
189 Proportion of Total 200 30% 61% 400 40 107 20% Trade Sale 100 88 72 200 20 40 49 10% 17 18 15 0.4 2.5 0 0 0 0% North America Europe Greater China India Israel Other No. of Aggregate 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Exits Exit Value ($bn) No. of Exits Aggregate Exit Value ($bn) No. of Exits Aggregate Exit Value ($bn) Source: Preqin Pro Source: Preqin Pro Source: Preqin Pro
*Figures exclude add-ons, grants, mergers, venture debt and secondary stock purchases. **Denotes lead investor. ***Announced deal.
2 ©Preqin Ltd. / www.preqin.com DOWNLOAD THE DATA PACK 2018 VENTURE CAPITAL DEALS AND EXITS 7 January 2019
Fig. 11: Largest Venture Capital-Backed Exits Globally in 2018
Date of First Total Known Acquiror Exit Value Portfolio Company Investor(s) Exit Type Exit Date Industry Location Investment Funding (mn) (Exit) (mn) Accel, Axis Bank, Baillie Gifford, Chiratae Ventures, Dragoneer Investment Group, DST Global, eBay Inc., GIC, Greenoaks Capital, HDFC Bank, Helion Venture Partners, Iconiq Capital, Kalaari Capital, Microsoft, Flipkart Internet Private Oct-09 Morgan Stanley, Morgan Stanley Alternative Investment Partners, Naspers, Qatar Investment Authority, 6,454 USD Trade Sale May-18 Walmart 16,000 USD Internet India Limited* SB Investment Advisers, Schroder Adveq, Sofina, Steadview Capital Management, T Rowe Price, Tencent, Tiger Global Management, TR Capital, Vulcan Capital Adage Capital Management, Boxer Capital, Deerfield Management, Foresite Capital, Janus Capital Novartis AveXis, Inc. Jan-15 Group, QVT funds, RA Capital, Roche Venture Fund, Rock Springs Capital, RTW Investments, T Rowe Price, 75 USD Trade Sale Apr-18 8,700 USD Biotechnology US International AG Venrock Qualtrics, LLC May-12 Accel, Insight Venture Partners, Sequoia Capital 400 USD Trade Sale Nov-18 SAP SE 8,000 USD Software US GitHub, Inc. Jul-12 Andreessen Horowitz, Institutional Venture Partners, Sequoia Capital, SV Angel, Thrive Capital 350 USD Trade Sale Jun-18 Microsoft 7,500 USD Software US 137 Ventures, Abu Dhabi Investment Council, Accel, Baillie Gifford, Blisce, Coca-Cola Company, Creandum, D.E. Shaw & Co, Digital Sky Capital, Discovery Capital Management, Dragoneer Investment Group, DST Global, EquityZen, Inc., Fidelity Investments, Founders Fund, Goldman Sachs, Groupe Spotify AB* Oct-08 2,573 USD IPO Apr-18 - 7,357 USD Internet Sweden Arnault, GSV Asset Management, Halcyon, Kleiner Perkins Caufield & Byers, Lansdowne Partners, Li Ka Shing Foundation, Northzone Ventures, Rinkelberg Capital, Schoenfeld, Senvest Capital, SharesPost, Technology Crossover Ventures, Telia Company, TPG, Wellington Partners Source: Preqin Pro *Denotes a partial exit.
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