There's been a lot of talk this year about seed financings, especially about how they have become the "new Series A." With more and more startups raising multimillion-dollar seeds, the talk has been warranted. The number of $3.5M+ seed financings completed globally has increased each year since 2010, jumping from 10 that year to 64 in 2013, according to the PitchBook Platform. The median post-money valuation of all startups at this stage has seen a similar trend, rising from $4 million to $5.9 million during the same timeframe; so far in 2014, the median valuation figure is $7 million.
But while the increasing amount of larger seed rounds has (naturally) driven up overall seed stage valuations, the larger rounds themselves have developed a very different trend. When considering only seed rounds of $3.5 million or more in size, the median valuation has declined for two straight years—from $24.6 million in '11 to $14.8 million in '13. 2014 is on track to be the third consecutive down year, currently sitting at $12.6 million.
To see the full list of companies that have raised seed financings, as well as their investors, current round history, valuations and more, contact us here.