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PitchBook-NVCA Venture Monitor

4Q 2016

PitchBook-NVCA Venture Monitor

January 11, 2017

As venture activity faded down the home stretch of 2015 amid nervous talk of valuation bubbles at the late stage if not everywhere, 2016 was somewhat of an uncertainty from the get go. The early-year public market selloff stalled venture-backed IPOs during 1Q—0 offerings were completed in January—and it was never able to fully recover. For all the trials and tribulations throughout 2016, however, the VC market is still quite healthy.

While activity fell substantially from the past two years, much of that decline is a natural regression to historical means after the excesses of the past two years. Deal value stayed strong ($69.1 billion was invested throughout the year), and the median exit value across all types came in more than 30% higher than 2015 at $84.5 million. Not only that, but venture fundraising set a new record for the decade as almost $42 billion was committed during the year, more than $5 billion more than any other year during that time.

The 4Q 2016 PitchBook-NVCA Venture Monitor goes deeper into every aspect of the US venture industry. Produced in partnership with NVCA as the definitive quarterly review of the US venture capital ecosystem and trends, the report includes:

  • Overview of current key trends in US venture capital

  • Fresh datasets on growth equity financing and corporate venture capital investment activity

  • Extensively expanded league tables

  • Analysis of venture-backed exits and VC fundraising