Late-stage valuations still at all-time highs in US
September 14, 2016
In the US, median Series C pre-money valuations stood at $90 million through the beginning of August—Series D valuations, $200 million. Both are all-time highs for at least the decade. In PitchBook's latest VC Valuations Report, we analyze precisely how these numbers make sense against a broader backdrop of declining financing activity and sluggish exit rates.
Sourced from over 36,000 US venture valuations, the report breaks down trends across series from seed to D and later. On top of that, it contains analysis of and datasets on liquidation participation by series over the past few years. A few more highlights of the report, which is our most expansive yet:
Detailed valuations by sector
Trends in corporate, hedge and mutual fund participation in VC financings
Metrics such as step-up multiples and up, flat or down rounds