For first-time VC fundraisers, 2017 has been a banner year.
Through the first seven months of the year, the amount raised is set to outpace the high-water mark set in 2008—and it’s already exceeded full-year totals for 2012 through 2014, according to data from the most recent PitchBook PE & VC Fundraising Report.
- Baupost Letter Points To Concern Over Risk Parity, Systematic Strategies During Crisis
- AI Hedge Fund Robots Beating Their Human Masters
Here's a closer look at first-time VC fundraising activity for investors based in North America and Europe:
In terms of investment strategy, first-time funds closed over the last few years are targeting a wide range of industries. Some are centered around popular sectors like SaaS and fintech, but others have more niche strategies, including real estate tech and retail tech. The data also shows a trend toward investing in Chinese businesses and helping non-Chinese companies expand into the country.
Below is a list of select first-time funds raised since the beginning of 2016 in North America and Europe:
Article by Dana Olsen, PitchBook