Midway through the year, it's time to take stock of the state of U.S. venture.
There have been close to 4,000 venture capital financings within the U.S. thus far in 2016, according to PitchBook's 2Q 2016 U.S. Venture Industry Report. Overall VC invested stands at $39.8 billion, thanks to a surplus of mega-rounds for unicorns like Uber and Airbnb.
At just over 1,900 financings, 2Q still saw a decline from 1Q—recording a low since 4Q 2011—yet when final counts are tallied in the weeks to come, activity may flatline. That's the bird's eye view, but at a closer look, there's much more going on as the consequences of the venture boom's dissipation continue to unfold.
This report wades into several key ensuing trends, such as the diversification of seed-stage funding, the question of a Series A capital crunch and the ongoing saga of the unicorn club's outsize effect on funding totals.
In addition, the report features:
Analysis of why venture fundraising is still going strong
Datasets on the ever-diminishing VC-backed exit activity
Breakdowns of VC financing by stage, sector & size