More than a Decade’s Worth of U.S. VC League Tables
July 11, 2014
League tables are always a popular feature in PitchBook reports, and before we unveil our second quarter venture capital league tables in the forthcoming 3Q 2014 U.S. Venture Industry Report (to be published Wednesday), we decided to take a look at some of the most active VC investors since 2000 to provide a taste of what the PitchBook Platformcan do.
While several names no doubt pop up when trying to guess the most active investor in U.S. VC deals over the last 10-15 years, we were surprised to see New Enterprise Associates dominate the league tables every year for an entire decade. The Menlo Park, CA-based venture firm was at the top of every VC deal-making league table from 2000-2009 until it was finally replaced by First Round Capital in 2010. Including the first half of 2014, NEA has made more than 1,000 investments in startups and early stage VC-backed companies since 2000, easily outpacing other Silicon Valley icons, such as Sequoia Capital, Kleiner Perkins Caufield & Byers, Intel Capital and Draper Fisher Jurvetson.
But the beginning of the new decade brought with it new types of investors, as seed rounds and accelerators grew to be more popular for young companies. Reflecting this shift, Y Combinator and 500 Startups, along with relative newcomers Google Ventures, SV Angel and Andreessen Horowitz, have quickly become four of the most active investors, replacing the old guard in the Bay Area. NEA dropped out of the top five for the first time in 2013, when it finished sixth with 75 investments.
For a look at the top investors in U.S.-based companies since 2000, check out the table below. Click on it to view a full-size PDF version.