Preqin and First Republic Update: US Venture Capital in 2019

Activity in the US venture capital space generally withstood the macroeconomic challenges of 2019. Looking back at the year with First Republic Bank, we find that the annual aggregate value of venture capital deals for US-based companies reached a new peak of $109bn in 2019, with more late-stage mega financings boosting the deals market. Although US-based venture capital funds secured close to the same amount of capital as in 2018, an unexpectedly sluggish Q4 waylaid 2019’s potential to post a record fundraising total. US-based micro venture capital funds, though, did enjoy a record-breaking year, securing $8.4bn through 282 fund closures.

This report looks at how the US venture capital industry fared in 2019, presenting the latest data from Preqin Pro on deals & exits, fundraising, performance, investors, and more. We also look at how women-owned venture capital firms are slowly closing the gender gap in the fundraising space, how net cash flow was negative for the third consecutive year, and how SoftBank Innovation Fund leads the pipeline of funds in market.

The data in this report is also available to download in Excel format.

  • 21/02/2020
  • PE
  • VC

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