Kyle Stanford May 01, 2015
Did April showers bring VC flowers? Here’s a snapshot of what happened during the month:
The month saw 623 completed VC rounds globally, raising a total of $8.1 billion. IT accounted for 45% of the deal flow and 43% of the capital invested—B2C was second with about 19% in each category. 14 deals of $100 million or more were made last month, including those for Slack, Oscar Health and Funding Circle. Along with 10 new unicorns, the largest valuation of the month went to India’s taxi-hailing service Ola, which received a post-money valuation of $3 billion with a $400 million financing led by DST Global and joined by Accel Partners, Tiger Global and others.
586 VC investors participated in at least one financing during the month of April, 20 of which completed five or more deals. Participating in 16 rounds each, Accel Partners and Sequoia Capital made a point to invest outside the U.S., completing a combined 19 deals abroad in during the month.
Two VC funds closed with over $1 billion of commitments: New Enterprise Associates 15—one of the largest VC funds ever—at $2.8 billion, and Institutional Venture Partners XV at $1.4 billion. Altogether, 33 VC funds closed last month with total capital commitments of close to $8 billion.
There were 96 VC-backed exits in April via IPO, acquisition or PE buyout. 11 of the companies hit the public markets, most notably e-commerce marketplace Etsy (NASDAQ: ETSY), which raised nearly $267 million and is currently trading with a market cap of more than $2.4 billion. Other notable IPOs include Aduro BioTech (NASDAQ: ADRO) and Apigee (NASDAQ: APIC). There were 73 completed acquisitions in the month, one of the largest being Bristol-Myers Squibb’s $1.25 billion purchase of KPCB-backed Flexus Biosciences.