This year is on pace to hit a record high for total US venture capital invested in the past decade—but deal count is set to decline sharply for the second year in a row, according to data from the most recent PitchBook-NVCA Venture Monitor.
Here's a closer look at capital invested and deal activity in US venture rounds over the last 10 years:
The overall trend is a product of more capital being invested into fewer deals. Massive VC financings at high valuations have become the new normal: According to the report, deals with a valuation of $1 billion or more represent less than 1% of the deal count—but they're nearly 22% of the aggregate value so far this year.
GrizzlyRock Value Partners was up 16.6% for the first quarter, compared to the S&P 500's 5.77% gain and the Russell 2000's 12.44% return. GrizzlyRock's long return was 22.3% gross, while its short return was -2.9% gross. Compared to the Russell 2000, the fund's long portfolio delivered alpha of 10.8%, while its short portfolio delivered alpha Read More
There may not be as many transactions this year as there were in 2014, when that number was at a record high, but seven companies in the US have raised VC rounds that total at least $500 million in the first three quarters of 2017:
For much more venture capital data and analysis, check out the 3Q 2017 edition of the PitchBook-NVCA Venture Monitor.
Article by Dana Olsen, PitchBook