Venture Capital Deals by Stage, 2013 YTD - February 2013

by Gemma Morris

  • 15 Feb 2013
  • PE

In 2013 so far, 656 venture capital deals were announced, with an aggregate value of $4.5bn. Early stage investments have been more common than later stage deals during the beginning of this year. Seed and angel stage deals accounted for 17% of the number but only 2% of the aggregate value of all venture capital deals, with 114 financings valued at $85.8mn. Series A deals made up 12% of all deals during this time frame with an aggregate value of $315.5mn, which contributed 7% of the total value of deals. Series B deals were less numerous, accounting for 8% of the total deals but contributing to a higher aggregate value of $559mn, 13% of the total aggregate value. The largest announced series B deal was the $38mn financing of Bamboom Labs by existing investors, Highland Capital Partners and InterActiveCorp., Inc. also received $35mn in series B funding from Hummer Winblad Venture Partners and US Venture Partners.

Series C deals have been less prominent than earlier stages. Four percent of deals in 2013 so far were series C, totalling $373.8mn and contributing to 8% of the aggregate value.  Similarly, Series D and later stage deals made up 4% of the number of deals and 11% of the aggregate value with 24 financings valued at $504.9mn. Growth capital and expansion stage deals only accounted for 2% and 5% of the number and aggregate value of deals respectively. Looking at venture debt financings, despite the fact that only 3% of the number of deals was venture debt, the aggregate value was relatively high at $477.9mn. This high value is largely due to the funding of SurveyMonkey in January, when JPMorgan Chase led a $350mn debt financing with the participation of Bank of America Merrill Lynch, Goldman Sachs, and SunTrust Banks.

Since the beginning of 2013, early stage deals were more abundant than later stage deals. Though only contributing to 9% of the aggregate value, angel/seed and series A deals accounted for 29% of the total number of deals, suggesting that 2013 may be promising for start-ups looking for initial investments from venture capital firms.

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