PitchBook June 30, 2015
The VC market is getting red hot at the late stage. In fact, nearly the entire industry is highly dynamic right now. 2Q fundraising was quite successful, with 94 pools of capital brimming over with nearly $14.4 billion in commitments and median fund size jumping up to $59.4 million, a 28% increase YoY. Overall median pre-money valuations are up 80% over 2Q 2014, with Series D+ specifically at an eye-popping median of $254 million. The reasons more and more investors are warning of the risk inherent in such huge late-stage fundings, however, can be found by surveying VC-backed exit activity. Explore the datagraphic below for a breakdown of all things VC in 2Q.