Overall VC activity stays relatively consistent in 3Q 2013
SEATTLE, Oct. 1, 2013 - According to the latest venture capital data from PitchBook Data, Inc., venture capital firms completed 854 deals totaling $7.3 billion in 3Q 2013. Coincidentally, 3Q 2012 also had $7.3 billion in VC investments, but the capital was spread across a greater amount of deals, 1016. Deal count was down for each core venture deal type, though early stage deals accounted for the largest decrease in deal flow with 374 financings in 3Q 2013 compared to 442 financings in 3Q 2012.
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PitchBook's Key Insight:
The median Series C pre-money in 3Q 2013 was the highest it's been since 2000. Median venture capital deal size also hit a two-year high at $3.14 million.
"The third quarter continued a trend of higher post round valuations that first emerged around the beginning of the year" according Adley Bowden, Director of Research at PitchBook. "The increase in post valuations at the Series A and B stages has been driven by higher check amounts, whereas at the later stage we are seeing both funding sizes and pre money valuations increase. The median Series C round valuation hit $79 million this quarter, the highest it's been since 2000."
Other Insights from PitchBook:
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