Private Capital Group Private Placement Activity Chris Hastings | [email protected] | 917-621-3750 1/15/2018 – 1/19/2018 (Transactions in excess of $20 million) Trends & Commentary . This week, 11 U.S. private placement deals between $20 million and $50 million closed, accounting for U.S. VC Activity $372 million in total proceeds, compared to last week’s 9 U.S. deals leading to $292 million in total $ in Billions proceeds. This week also had 3 U.S. deals between $50 million and $100 million yielding $168 million, $120 12,000 compared to last week’s 5 deals resulting in $343 million in total proceeds. 10,406 10,463 . 2017 saw the highest total VC deal value in over a decade, reaching $84.2 billion across 8,076 deals. 9,183 10,000 This represents a 15% CAGR in deal value from 2010 to 2017, with a 6% CAGR in number of deals 8,635 for the same time period. (see figure) $90 7,849 8,076 . Private equity firms have been straying away from brick-and-mortar retailers; 2017 saw 64 deals for $84 8,000 U.S. retail companies in 2017, an 18% decrease from 2016. Instead, they have been trending towards 6,703 $79 $72 e-Commerce companies – 2017 saw 72 PE deals in the U.S. e-Commerce space, a 31% YoY $70 increase from 2016, despite a decline in overall U.S. PE deals. $60 5,351 6,000 . SurveyMonkey, an online polling company, has reportedly been in talks to choose bankers for a public offering during 2018. The Company was last valued at $2.0 billion in 2014 after receiving $240 million $44 $45 4,000 from T. Rowe Price Associates, Tiger Global Management and ICONIQ Capital, among others. $41 $30 . Insight Venture Partners has promoted Anika Agarwal, Rachel Geller and Ross Devor to Managing $32 Director and Matt Gatto, Kevin Hurth and Philip Vorobeychik to Principal. The Company also hired 2,000 Teddie Wardi as a principal, who was previously a Partner at Atomico. In 2017, private equity firms closed $232.7 billion across 247 funds, with a median fund size of $293 $- 0 million, an increase from $225 million in 2016. 2010 2011 2012 2013 2014 2015 2016 2017 Deal Value Deals Closed Highlights . Uber raised $1.3 billion at a $67.8 billion pre-money valuation – SoftBank Group led the round. C3 IoT, a provider of a cloud-based enterprise platform for big data, AI and IoT applications, raised $100 million – existing investors include Breyer Capital and Sutter Hill Ventures. True Fit, a provider of an intelligent data platform for fashion retailers, raised $55 million in Series C funding – Georgian Partners led the round. Apartment List, a provider of a web and mobile based apartment rental marketplace, raised $50 million in Series C funding at a $250 million pre-money valuation – existing investor Passport Capital led the round. Varo Money, a developer of a fintech-based banking platform, raised $45 million in Series B funding – existing investors include the Rise Fund and Warburg Pincus. Roofstock, an operator of an online marketplace for tenant-occupied rental properties, raised $42 million in Series C funding at a $250 million pre-money valuation – Canvas Ventures led the round. Anomali, a provider of a threat intelligence platform, raised $40 million in Series D funding at a $280 million pre-money valuation – Lumia Capital led the round. Visible Alpha, a provider of an investment data and analytics platform, raised $38 million – the Goldman Sachs Group led the round. Circleci, a provider of an integration platform for automated testing, raised $31 million in Series C funding at a $110 million pre-money valuation – Top Tier Capital Partners led the round. Source: PitchBook Data, Inc., NYSE, S&P Global Market Intelligence Strictly Private & Confidential Note: Bolded names in “Investors” column indicate existing investors participating in new deal 1 Private Placement Activity 1/15/2018 – 1/19/2018 (Transactions in excess of $20 million) Company Company Amount Date Investors Series Company Description / Comments Name Location Raised ($M) Information Technology BlackRock Private Equity Partners, Fidelity Provider of a location-based mobile application designed to connect riders and transportation Investments, General Atlantic, GV, Kleiner San Francisco, providers. The company's on-demand ride-hailing application allows passengers to request a variety Uber Technologies 18-Jan-18 Perkins Caufield & Byers, Lead Edge Capital, $1,250 NA CA of personal transportation options that are fulfilled by a network of contract drivers. SoftBank Group New Enterprise Associates, Norwest Venture led the round. $67.8 billion pre-money valuation. Partners, Sequoia Capital, Summit Partners Burch Creative Capital, Floodgate Fund, Provider of on-demand delivery services designed to connect consumers with local stores. The Foundation Capital, FundersClub, Investo, company's on-demand services offer everything including food, grocery, medicine, fashion and Rappi 17-Jan-18 Bogotá, Colombia Monashees Capital, ONEVC, Plug and Play $130 NA beauty, through an application, enabling users to shop for any items and get them delivered to their Tech Center, Redpoint eventures, Streamlined homes within minutes. Ventures, XG Ventures, Y Combinator Provider of a next-generation, cloud-based enterprise Platform as a Service (PaaS) designed to Breyer Capital, Constellation Technology rapidly deploy big data, AI and IoT applications. The company's next-generation, cloud-based Ventures, InterWest Partners, Makena Capital Redwood City, enterprise Platform as a Service (PaaS) is a suite of pre-built, cross-industry applications, that C3 IoT 17-Jan-18 Management, Primera Capital (Venture Capital), $100 NA CA facilitate IoT business transformation for organizations in energy, manufacturing, aerospace, Sutter Hill Ventures, The Rise Fund, TPG automotive, chemical, pharmaceutical, telecommunications, retail, insurance, healthcare, financial Growth, Wildcat Venture Partners services and the public sector. BHB Network, Boost VC, Bpifrance, CapHorn Invest, Cathay Innovation, Digital Currency Developer of security products for cryptocurrencies and blockchains designed to provide a trust layer Group, Draper Associates, FirstMark Capital, between the blockchain system and the physical world. The company's line of products for the Ledger 18-Jan-18 Paris, France $75 Series B GDTRE, Hi-Pay, Kima Ventures, Korelya cryptocurrency and blockchain market include hardware wallets for consumers, server appliances for Capital, Siparex Group, Wicklow Capital, XAnge enterprise and embedded technology for connected objects. Draper Esprit led the round. Private Equity Breakaway Innovation Group, BYU Cougar Provider of an intelligent data platform created for fashion retailers to find online stores. The Capital, Cross Creek Advisors, Founder company's intelligent data platform connect data and API integrations AI/machine learning personal True Fit 15-Jan-18 Boston, MA Collective, Guggenheim Partners, Intel Capital, $55 Series C experiences from thousands of leading apparel and footwear brands, anonymized consumer order Jump Capital, Novel TMT Ventures, Promus data from hundreds of retailers, and personal preference data from users. Georgian Partners led Ventures, Signal Peak Ventures the round. Provider of a web and mobile based apartment rental marketplace designed to make home finding Canaan Partners, Glynn Capital Management, process as simple and delightful. The company's apartment rental marketplace is a cross-platform app Industry Ventures, Matrix Partners, Passport San Francisco, to connect renters with landlords across the U.S. through asking questions, manual filters and a visual Apartment List 18-Jan-18 Capital, Quantum Venture Partners, $50 Series C CA interface that leans on photos and maps, enabling them to search various apartments for rent and Rothenberg Ventures, Tenaya Capital, make better decisions about where they live. Passport Capital led the round. $250 million pre- Western Technology Investment money valuation. Developer of a financial technology based banking platform. The company designs and offers a San Francisco, mobile platform used for banking purposes, including financial insights and analysis of spending, real- Varo Money 18-Jan-18 The Rise Fund, Warburg Pincus $45 Series B CA time budgeting along with providing debit card, savings and lending products. It also provides access to other financial applications via an in-app marketplace. Source: PitchBook Data, Inc., NYSE, S&P Global Market Intelligence Strictly Private & Confidential Note: Bolded names in “Investors” column indicate existing investors participating in new deal 2 Private Placement Activity 1/15/2018 – 1/19/2018 (Transactions in excess of $20 million) Company Company Amount Date Investors Series Company Description / Comments Name Location Raised ($M) Information Technology Asia Pacific Land, Bain Capital Ventures, Operator of an online marketplace designed to buy & sell tenant-occupied rental property. The Canvas Ventures, FJ Labs, Grey Wolf VC, company's online marketplace provides detailed home and tenant information, local vetted property Khosla Ventures, Lightspeed Venture Roofstock 18-Jan-18 Oakland, CA $42 Series C management options, as well as analytics and general market insights, enabling investors to evaluate Partners, Nyca Partners, Otter Rock Capital, and purchase certified properties. Canvas Ventures led the round. $250 million pre-money QED Investors, SV Angel, SVB Capital, valuation. ZenStone Venture Capital Provider of a threat intelligence platform designed to help organizations find and respond