Venture Capital Deals by Industry in Q1 2013 – April 2013

by Gemma Morris

  • 04 Apr 2013
  • PE

During the initial quarter of 2013 there have been 1,206 venture capital deals with an aggregate value of $8.5bn. Preqin data shows that the three leading sectors in terms of the volume and aggregate value of deals are internet, software & related and healthcare.

The internet sector has been the most active in terms of both the number and aggregate value of deals during Q1 2013; a quarter of all deals were in this industry, contributing to 26% of the aggregate value. The largest announced venture capital deal within the internet sector for this quarter was the $400mn series D funding of Chinese online retailer 360Buy. Another large internet deal was the series D funding of Pinterest, where Valiant Capital Partners, Andreessen Horowitz, Bessemer Venture Partners, and FirstMark Capital invested $200mn in the company.

Software and related industries was the second most prominent sector during Q1 2013 accounting for 23% of the number of deals for the quarter and 21% of the aggregate value. The largest venture deal within this sector during the quarter was the $200mn series A financing of mobile software company AirWatch in February, led by Insight Venture Partners.

Healthcare deals that have taken place during Q1 2013 have accounted for nearly a fifth of the total value of venture capital deals for the quarter, and 16% of the number of deals. Though the number of healthcare deals has only decreased by 1 percentage point from 17% in Q4 2012, the aggregate value has decreased by 9 percentage points from 28%, when healthcare made up the largest proportion of the aggregate value of venture capital deals. Large rounds of funding within the healthcare industry in Q1 2013 include the $60mn financing of PTC Therapeutics, Inc. in March led by Brookside Group, and the $48mn series C funding of Nevro Corp. in March, led by Novo Ventures.

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