《CB Insights：2024年Q3全球風險投資市場狀況報告（英文版）（235頁）.pdf》由會員分享，可在線閱讀，更多相關《CB Insights：2024年Q3全球風險投資市場狀況報告（英文版）（235頁）.pdf（235頁珍藏版）》請在三個皮匠報告上搜索。

1、State of VentureGlobal|Q3 2024Global data and analysis on dealmaking,funding,and exits by private market venture companiesState of Venture2 2Make smartertech decisions.Our platform will help you discover,understand,and manage your response to emerging tech.Make confident tech decisions that drive gr

2、owth,improve operations,and beat the competition with CB Insights.IIIITry our platform free!Sign up for a free trialState of Venture3 3“Steal”our data.Download the underlying data in this report.If you create any analysis or visualizations with this data,send it our way and you could be featured in

3、the CBI newsletter.us on social LinkedIn X(Twitter)InstagramIIIIDownload the raw dataSign up for a free trialContentsGlobal Trends5Investment Trends6Unicorns29Exit Trends35Investors41Sector Spotlights45Fintech46Retail Tech56Digital Health66Geographic Trends76US77Silicon Valley83New York87Los Angeles

4、91Boston95Seattle99Denver103DC107Chicago111Dallas115Austin119Miami123Atlanta127Philadelphia131Raleigh135Canada139Toronto145Asia149China155India159Singapore163Japan167Europe171United Kingdom177Germany181France185Israel189Netherlands193Sweden197LatAm201Mexico207Brazil211Chile215Africa219Egypt225Oceani

5、a2294State of VentureGlobal Trends5Investment Trends6Annual equity funding&deals7State of Venture|Global Trends|Investment Trends$307.9B$661.3B$433.1B$261.4BFunding$184.8B31,91543,97244,39832,410Deals20,00105,00010,00015,00020,00025,00030,00035,00040,00045,000$0.0B$100.0B$200.0B$300.0B$400.0B$500.0B

6、$600.0B$700.0B20202021202220232024YTDQuarterly equity funding&deals8State of Venture|Global Trends|Investment Trends$65.5B$61.5B$83.4B$97.5B$144.6B$159.0B$171.7B$185.9B$155.8B$120.2B$86.3B$70.8B$75.3B$61.7B$69.5B$54.9B$62.0B$68.1BFunding$54.7B8,0787,2098,0858,54310,63110,18711,63211,52213,54811,1341

7、0,3669,3509,5678,0497,5937,2017,2096,736Deals6,05602,0004,0006,0008,00010,00012,00014,000$0.0B$50.0B$100.0B$150.0B$200.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3202020212022202320249State of Venture|Global Trends|Investment TrendsUS$29.8B2,176 DealsAsia$10.5B1,896 DealsEurope$11.0B1,487 DealsLatAm$0.8

8、B185 DealsOceania$0.5B120 DealsCanada$1.7B112 DealsAfrica$0.3B61 DealsAll Other Regions$94M19 DealsFunding&deals by global region in Q324Percent of quarterly deals by global region10State of Venture|Global Trends|Investment Trends40%37%38%36%37%36%35%35%35%33%36%34%38%39%40%36%39%38%US,36%28%32%34%3

9、4%30%33%38%35%33%36%35%33%29%28%29%31%30%29%Asia,31%24%23%20%22%24%23%18%21%22%22%21%23%24%24%23%25%24%25%Europe,25%LatAm,3%Canada,2%Africa,1%Oceania,2%All Other Regions,0%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Percent of quarterly deals by investor group11State of Venture|Global

10、Trends|Investment Trends33%34%33%34%34%34%32%32%32%32%31%32%32%33%32%32%31%31%VC,30%19%19%19%19%17%16%15%17%16%17%18%19%18%19%19%20%19%20%Other,20%9%9%9%10%9%11%11%11%11%11%10%11%10%10%10%11%11%11%Angel,11%9%9%9%9%9%9%10%10%9%10%9%9%9%9%9%10%10%10%Corp,10%6%7%8%8%8%10%9%10%9%9%9%9%8%8%8%8%9%9%Asset/

11、Investment Management,9%11%6%8%6%9%6%7%6%9%6%9%7%11%7%8%6%8%7%Incubator/Accelerator,8%8%8%7%7%7%7%7%7%7%7%7%7%6%8%7%7%7%7%CVC,7%5%6%6%8%7%7%8%7%6%6%6%6%6%6%6%6%5%5%Private Equity,6%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual average&median deal size12State of Venture|Global Tren

12、ds|Investment Trends$14.7M$22.5M$14.9M$12.0M$13.9M202020222024YTDAverage Deal Size$2.4M$3.5M$3.0M$2.5M$3.0M202020222024YTDMedian Deal SizeAnnual median deal size by global region13State of Venture|Global Trends|Investment Trends$3.0M$2.8M$3.5M202020222024YTDUS$3.0M$2.9M$2.6M202020222024YTDAsia$1.9M$

13、2.2M$2.5M202020222024YTDEurope$0.7M$0.8M$1.5M202020222024YTDLatAm$1.3M$2.4M$2.6M202020222024YTDCanada$0.5M$0.5M$2.0M202020222024YTDAfrica$1.4M$1.8M$1.8M202020222024YTDOceaniaAnnual median deal size by investor group14State of Venture|Global Trends|Investment Trends$2.5M$2.7M$3.0M202020222024YTDAngel

14、$19.0M$10.0M$9.0M202020222024YTDAsset/Investment Management$10.5M$9.0M$9.7M202020222024YTDCVC$7.5M$6.0M$5.6M202020222024YTDCorp$23.0M$14.6M$16.9M202020222024YTDPrivate Equity$7.1M$5.7M$6.3M202020222024YTDVCQuarterly funding&deals from mega-rounds(deals worth$100m+)15State of Venture|Global Trends|In

15、vestment Trends$30.7B$24.4B$43.2B$50.4B$87.9B$89.0B$99.8B$108.3B$80.0B$54.6B$35.5B$25.3B$34.1B$21.5B$32.2B$18.9B$28.2B$31.9BFunding$21.5B1281321782253703884304343872681561329610812885114114Deals980100200300400500$0.0B$20.0B$40.0B$60.0B$80.0B$100.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220

16、23202416State of Venture|Global Trends|Investment TrendsUS$12.4B55 DealsAsia$4.3B17 DealsEurope$3.3B21 DealsCanada$1.1B2 DealsAfrica$0.2B1 DealOceania$0.1B1 DealLatAm$0.1B1 DealMega-round funding&deals by global region in Q324Quarterly mega-round deals by global region17State of Venture|Global Trend

17、s|Investment Trends72447268US,5528181517Asia,1722182622Europe,21312LatAm,1123Canada,211Africa,122Oceania,11All Other Regions,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Quarterly mega-rounds as percent of funding18State of Venture|Global Trends|Investment Trends47%40%52%52%61%56%58%58

18、%51%45%41%36%45%35%46%34%45%47%Mega-rounds,39%53%60%48%48%39%44%42%42%49%55%59%64%55%65%54%66%55%53%Non-mega-rounds,61%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Global:Top equity deals in Q32419State of Venture|Global Trends|Investment TrendsCompanyRound AmountRoundDateRound Valuatio

19、nSelect InvestorsCountrySectorIndustrySubindustry%of Total Funding1Anduril$1.5BSeries F2024-08-07$14.0BFounders Fund,Sands Capital,Franklin Venture Partners,Altimeter Capital,Baillie GiffordUnited StatesIndustrialsAerospace&DefenseOther Weapon Design&Manufacturing2.7%2Safe Superintelligence$1.0BSeri

20、es A2024-09-04$5.0BNat Friedman and Daniel Gross,Andreessen Horowitz,DST Global,Sequoia Capital,SV AngelUnited StatesInternetInternet Software&ServicesScience&Engineering1.8%3Clio$900MSeries F2024-07-23$3.0BNew Enterprise Associates,JMI Equity,OMERS Private Equity,Technology Crossover VenturesCanada

21、InternetInternet Software&ServicesLegal1.6%4Baichuan AI$688MSeries A2024-07-25$2.8BAlibaba Cloud,Tencent,Xiaomi,Asia Investment CapitalChinaMobile&TelecommunicationsMobile Software&ServicesScience&Engineering1.3%5Groq$640MSeries D2024-07-12$2.8BBlackRock,Cisco,KDDI,Neuberger Berman,Samsung CatalystU

22、nited StatesComputer Hardware&ServicesIT ServicesInfrastructure&Hosting1.2%6Helsing$488MSeries C2024-07-11$5.4BGeneral Catalyst,Accel,Lightspeed Venture Partners,Saab,GreenoaksGermanyInternetInternet Software&ServicesApplication&Data Integration0.9%7Vastu Housing Finance$400MSeries D2024-07-11$1.2B

23、TA Associates,International Finance CorporationIndiaFinanceLendingConsumer0.7%8Candid Therapeutics$370MSeries A2024-09-09N/AFairmount,TCG Crossover,Venrock Healthcare Capital Partners,venBIO,Boxer CapitalUnited StatesHealthcareBiotechnologyN/A0.7%9Brands For Less$360MCorporate Minority2024-08-21$1.2

24、B The TJX CompaniesUnited Arab EmiratesInternetE-CommerceDiscount0.7%10Zepto$340MSeries G2024-08-13$4.9BGeneral Catalyst,Mars Growth Capital,DST Global,Lightspeed Venture Partners,ContraryIndiaInternetE-CommerceFood&Grocery0.6%Annual percent of deals by deal stage20State of Venture|Global Trends|Inv

25、estment Trends65%68%72%72%Early-stage,69%12%13%11%10%Mid-stage,10%10%10%8%8%Late-stage,9%12%9%10%11%Other,12%20202021202220232024YTDRegional deal share by deal stage in Q32421State of Venture|Global Trends|Investment Trends32%40%32%61%32%38%37%16%27%17%24%16%Early-stageMid-stageLate-stageOtherUSAsia

26、EuropeLatAmCanadaAfricaOceaniaAll Other RegionsAnnual median funding by deal stage22State of Venture|Global Trends|Investment Trends$1.5M$2.0M$2.0M$1.8M$2.1M202020222024YTDEarly-stage$20.0M$30.0M$26.0M$19.3M$20.0M202020222024YTDMid-stage$25.5M$50.0M$26.2M$20.4M$20.7M202020222024YTDLate-stageGlobal:T

27、op seed/angel deals in Q32423State of Venture|Global Trends|Investment TrendsCompanyRound AmountRoundDateSelect InvestorsCountrySectorIndustrySubindustry1Type One Energy$54MSeed VC2024-07-30Breakthrough Energy,Centaurus Capital,GD1,Foxglove CapitalUnited StatesEnergy&UtilitiesElectricNuclear2DEFCON

28、AI$44MSeed VC2024-08-20Bessemer Venture Partners,Fifth Growth Fund,Red Cell PartnersUnited StatesIndustrialsAerospace&DefenseN/A3Black Forest Labs$31MSeed VC2024-08-01Andreessen Horowitz,General Catalyst,Match VC,Brendan Iribe,Garry TanGermanyInternetInternet Software&ServicesMultimedia&Graphics4Cha

29、i Discovery$30MSeed VC2024-09-09OpenAI,Amplify Partners,Conviction Capital,Dimension Capital Management,NeoUnited StatesHealthcareBiotechnologyN/A4WSPN$30MSeed VC2024-08-16Folius Ventures,Foresight Ventures,Generative Ventures,Hash Global,Redpoint Ventures ChinaSingaporeInternetInternet Software&Ser

30、vicesAsset&Financial Management&Trading4Yubi$30MAngel2024-08-26Gaurav KumarIndiaInternetInternet Software&ServicesAccounting&Finance7Sola Security$28MSeed VC2024-07-08S Capital VC,Section 32,Michael MoritzIsraelInternetInternet Software&ServicesMonitoring&Security8Miris$26MSeed VC2024-08-29IAG Capit

31、al PartnersUnited StatesInternetInternet Software&ServicesContent Management8Vironexis$26MSeed VC2024-09-12Drive Capital,Future Ventures,Moonshots Capital,Capital FactoryUnited StatesHealthcareBiotechnologyN/A10Swiss-Mile$22MSeed VC2024-08-28Bezos Expeditions,HongShan,Linear Capital Partners,Amazon

32、Industrial Innovation Fund,Armada Investment GroupSwitzerlandIndustrialsMachinery&EquipmentRobotics10Vsim$22MSeed VC2024-09-25Concept Ventures,EQT Ventures,Factorial Funds,IQ Capital,Koro CapitalUnited KingdomInternetInternet Software&ServicesScience&EngineeringGlobal:Top Series A deals in Q32424Sta

33、te of Venture|Global Trends|Investment TrendsCompanyRound AmountRoundDateSelect InvestorsCountrySectorIndustrySubindustry1Safe Superintelligence$1.0BSeries A2024-09-04Nat Friedman and Daniel Gross,Andreessen Horowitz,DST Global,Sequoia Capital,SV AngelUnited StatesInternetInternet Software&ServicesS

34、cience&Engineering2Baichuan AI$688MSeries A2024-07-25Alibaba Cloud,Tencent,Xiaomi,Asia Investment CapitalChinaMobile&TelecommunicationsMobile Software&ServicesScience&Engineering3Candid Therapeutics$370MSeries A2024-09-09Fairmount,TCG Crossover,Venrock Healthcare Capital Partners,venBIO,Boxer Capita

35、lUnited StatesHealthcareBiotechnologyN/A4GondolaBio$300MSeries A2024-08-22Sequoia Capital,Aisling Capital,Cormorant Asset Management,Frazier Life Sciences,Patient Square CapitalUnited StatesHealthcareDrug DevelopmentN/A4Skild AI$300MSeries A2024-07-09Bezos Expeditions,Coatue,Lightspeed Venture Partn

36、ers,SoftBank,General CatalystUnited StatesIndustrialsMachinery&EquipmentRobotics6World Labs$230MSeries A2024-09-13Andreessen Horowitz,New Enterprise Associates,Radical Ventures,AMD Ventures,Intel CapitalUnited StatesInternetInternet Software&ServicesApplication&Data Integration7Third Arc Bio$165MSer

37、ies A2024-07-23Cormorant Asset Management,Hillhouse Capital Management,Vida Ventures,Omega Funds,AbbVie VenturesUnited StatesHealthcarePharmaceuticals/DrugsN/A8newcleo$151MSeries A2024-09-30Stefano Buono,LiftT,Agnelli Family,AzimutUnited KingdomEnergy&UtilitiesElectricNuclear9Borealis Biosciences$15

38、0MSeries A2024-08-22Novartis,Versant VenturesCanadaHealthcareBiotechnologyN/A10Superluminal Medicines$120MSeries A2024-09-04RA Capital Management,Insight Partners,Gaingels,NVenturesUnited StatesHealthcareBiotechnologyN/AGlobal:Top Series B deals in Q32425State of Venture|Global Trends|Investment Tre

39、ndsCompanyRound AmountRoundDateSelect InvestorsCountrySectorIndustrySubindustry1Magic$320MSeries B2024-08-29Sequoia Capital,CapitalG,Elad Gil,AtlassianAustriaInternetInternet Software&ServicesOperating Systems&Utility2Moonshot AI$300MSeries B2024-08-05Alibaba Cloud,Gaorong Capital,TencentChinaMobile

40、&TelecommunicationsMobile Software&ServicesScience&Engineering3Unlock$280MSeries B2024-09-03D2 Asset Management,Second Century Ventures,NAR REACH,Saluda GradeUnited StatesFinanceLendingN/A4Cardurion$260MSeries B2024-07-16Ascenta Capital,Bain Capital,Blue Owl Capital,Delos Capital,Digitalis VenturesU

41、nited StatesHealthcareDrug DiscoveryN/A5PhysicsWallah$210MSeries B2024-09-20Hornbill Capital,Lightspeed Venture Partners,GSV Ventures,Westbridge CapitalIndiaInternetInternet Software&ServicesEducation&Training6Earned Wealth$200MSeries B2024-07-10Silversmith Capital Partners,Summit Partners,Breyer Ca

42、pital,Hudson Structured Capital Management,JuxtaposeUnited StatesInternetInternet Software&ServicesAsset&Financial Management&Trading7TechMet$180MSeries B2024-08-07Qatar Investment AuthorityIrelandFinanceAsset/Financial ManagementN/A8Aktis Oncology$175MSeries B2024-09-30Janus Henderson Investors,RA

43、Capital Management,RTW Investments,Bristol-Myers Squibb,Eli Lilly and CompanyUnited StatesHealthcareBiotechnologyN/A8Rapidus$175MSeries B2024-09-26Bank of Tokyo-Mitsubishi UFJ,Mizuho Bank,Sumitomo Mitsui BankingJapanElectronicsChips&SemiconductorsSemiconductors8Saronic Technologies$175MSeries B2024-

44、07-19Andreessen Horowitz,8VC,Caffeinated Capital,NightDragon,Elad GilUnited StatesIndustrialsAerospace&DefenseParts Manufacturing&DistributionGlobal:Top Series C deals in Q32426State of Venture|Global Trends|Investment TrendsCompanyRound AmountRoundDateSelect InvestorsCountrySectorIndustrySubindustr

45、y1Helsing$488MSeries C2024-07-11General Catalyst,Accel,Lightspeed Venture Partners,Saab,GreenoaksGermanyInternetInternet Software&ServicesApplication&Data Integration2ArsenalBio$325MSeries C2024-09-04ARCH Venture Partners,LUMA Group,Milky Way Investments Group,NVentures,Regeneron VenturesUnited Stat

46、esHealthcareBiotechnologyN/A3Altana AI$200MSeries C2024-07-29US Innovative Technology Fund,Activate Capital,Google Ventures,OMERS Ventures,Floating Point GroupUnited StatesInternetInternet Software&ServicesSupply Chain&Logistics3Flo Health$200MSeries C2024-07-30General AtlanticUnited KingdomMobile&T

47、elecommunicationsMobile Software&ServicesHealth&Wellness3Twelve$200MSeries C2024-09-19The Rise Fund,Capricorn Investment Group,DCVC,Munich Re Ventures,Alaska Star VenturesUnited StatesEnvironmental Services&EquipmentRecyclingN/A3Windrose$200MSeries C2024-07-23SFPIM,FountainVest Partners,GSR Ventures

48、,Goodman,HSBCChinaAutomotive&TransportationAutomobile ManufacturingN/A7Bilt Rewards$150MSeries C2024-08-02Ontario Teachers,University of Illinois Foundation,Vanderbilt UniversityUnited StatesInternetInternet Software&ServicesCustomer Relationship Management7Codeium$150MSeries C2024-08-29General Cata

49、lyst,Kleiner Perkins,GreenoaksUnited StatesSoftware(non-internet/mobile)Science&EngineeringN/A7Scorpion Therapeutics$150MSeries C2024-07-16Frazier Life Sciences,Lightspeed Venture Partners,Abingworth,Boxer Capital,Casdin CapitalUnited StatesHealthcareDrug DevelopmentN/A7Vanta$150MSeries C2024-07-24S

50、equoia Capital,Atlassian Ventures,Craft Ventures,CrowdStrike Falcon Fund,HubSpot VenturesUnited StatesInternetInternet Software&ServicesMonitoring&SecurityGlobal:Top Series D deals in Q32427State of Venture|Global Trends|Investment TrendsCompanyRound AmountRoundDateRound ValuationSelect InvestorsCou

51、ntrySectorIndustrySubindustry1Groq$640MSeries D2024-07-12$2.8BBlackRock,Cisco,KDDI,Neuberger Berman,Samsung CatalystUnited StatesComputer Hardware&ServicesIT ServicesInfrastructure&Hosting2Vastu Housing Finance$400MSeries D2024-07-11$1.2BTA Associates,International Finance CorporationIndiaFinanceLen

52、dingConsumer3Element Biosciences$277MSeries D2024-07-11$1.1BWellington Management,Foresite Capital,T.Rowe Price,VenrockUnited StatesHealthcareBiotechnologyN/A4Grafana Labs$270MSeries D2024-08-21$6.0BLightspeed Venture Partners,Sequoia Capital,Coatue,GIC,J.P.MorganUnited StatesInternetInternet Softwa

53、re&ServicesBusiness Intelligence,Analytics&Performance Mgmt5Abnormal$250MSeries D2024-08-06$5.1BWellington Management,Greylock Partners,Insight Partners,CrowdStrike Falcon Fund,Menlo VenturesUnited StatesInternetInternet Software&ServicesMonitoring&Security6Flyr$225MSeries D2024-08-08N/AWestCap,Stre

54、amlined Ventures,Abu Dhabi Investment Authority,Avianca,BlackRockUnited StatesInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt7Astranis$200MSeries D2024-07-24N/AAndreessen Horowitz,Balyasny Asset Management,BlackRock,Baillie Gifford,FidelityUnited StatesMobile&Telec

55、ommunicationsTelecom Devices&EquipmentSatellite&Broadcast Network Equipment8eGenesis$191MSeries D2024-09-04N/ALux Capital,ARCH Venture Partners,Alta Partners,Farallon Capital Management,Fresenius Medical Care VenturesUnited StatesHealthcareBiotechnologyN/A9CatalYm$150MSeries D2024-07-15N/ABioqube Ve

56、ntures,Canaan Partners,Brandon Capital,Forbion,Jeito CapitalGermanyHealthcareBiotechnologyN/A10Aven$142MSeries D2024-07-17$1.0BGeneral Catalyst,Khosla Ventures,Caffeinated Capital,Electric Capital,Founders FundUnited StatesMobile&TelecommunicationsMobile Software&ServicesAccounting&FinanceGlobal:Top

57、 Series E+deals in Q32428State of Venture|Global Trends|Investment TrendsCompanyRound AmountRoundDateRound ValuationSelect InvestorsCountrySectorIndustrySubindustry1Anduril$1.5BSeries F2024-08-07$14.0BFounders Fund,Sands Capital,Franklin Venture Partners,Altimeter Capital,Baillie GiffordUnited State

58、sIndustrialsAerospace&DefenseOther Weapon Design&Manufacturing2Clio$900MSeries F2024-07-23$3.0BNew Enterprise Associates,JMI Equity,OMERS Private Equity,Technology Crossover VenturesCanadaInternetInternet Software&ServicesLegal3Zepto$340MSeries G2024-08-13$4.9BGeneral Catalyst,Mars Growth Capital,DS

59、T Global,Lightspeed Venture Partners,ContraryIndiaInternetE-CommerceFood&Grocery4Cribl$319MSeries E2024-08-27$3.5BGoogle Ventures,Michael McBride,Institutional Venture Partners,CRV,CapitalGUnited StatesInternetInternet Software&ServicesMonitoring&Security5Glean$260MSeries E2024-09-10$4.6BAltimeter G

60、rowth,DST Global,General Catalyst,Institutional Venture Partners,Kleiner PerkinsUnited StatesInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt6Human Interest$242MSeries F2024-07-17$1.3B Baillie Gifford,Marshall Wace Asset ManagementUnited StatesInternetInternet Softw

61、are&ServicesAccounting&Finance7EGYM$200MSeries G2024-09-24$1.2B L Catterton,Meritech Capital PartnersGermanyInternetInternet Software&ServicesHealth&Wellness7Rapido$200MSeries E2024-07-29$1.1BWestBridge Capital,Nexus Venture Partners,Invus Group,Think InvestmentsIndiaMobile&TelecommunicationsMobile

62、CommerceTravel(mobile)9Alan$193MSeries F2024-09-20$4.5B Belfius Bank,Coatue,Lakestar,Ontario Teachers,TemasekFranceMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance10MNT Halan$158MSeries E2024-07-20N/AApis Partners,Development Partners International,Lorax Capital,GB Corp,LunateEgyp

63、tInternetInternet Software&ServicesAccounting&FinanceUnicorns29Quarterly new&total unicorns(private companies valued at$1b+)30State of Venture|Global Trends|Unicorns14232016New Unicorns,241,2101,2201,2341,234Total Unicorns,1,247Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202431State of Ven

64、ture|Global Trends|UnicornsUS68317 NewAsia2994 NewEurope1953 NewCanada210 NewAfrica60 NewOceania90 NewLatAm320 NewAll Other Regions20 NewNew&total unicorns by global region in Q324Quarterly new unicorns by global region32State of Venture|Global Trends|Unicorns611913US,175671Asia,42442Europe,31LatAm,

65、0Canada,0Africa,01Oceania,01All Other Regions,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Global:Top unicorn births in Q32433State of Venture|Global Trends|UnicornsCompanyLatest Valuation CountrySectorIndustrySubindustry1Safe Superintelligence$5.0BUnited StatesInternetInternet Softwar

66、e&ServicesScience&Engineering2Story Protocol$2.3BUnited StatesComputer Hardware&ServicesIT ServicesInfrastructure&Hosting3SemiDrive$1.9BChinaElectronicsChips&SemiconductorsSemiconductors:Analog Chips4Harvey$1.5BUnited StatesInternetInternet Software&ServicesLegal4Skild AI$1.5BUnited StatesIndustrial

67、sMachinery&EquipmentRobotics624M Technologies$1.3BUnited StatesEnergy&UtilitiesEnergy StorageN/A6Ather Energy$1.3BIndiaAutomotive&TransportationOther TransportationMotorcycle&Small Engine Vehicles6Codeium$1.3BUnited StatesSoftware(non-internet/mobile)Science&EngineeringN/A9EGYM$1.2BGermanyInternetIn

68、ternet Software&ServicesHealth&Wellness9MoneyView$1.2BIndiaInternetInternet Software&ServicesAccounting&Finance9DevRev$1.2BUnited StatesInternetInternet Software&ServicesCustomer Relationship ManagementGlobal:Top unicorns by valuation in Q32434State of Venture|Global Trends|UnicornsCompanyLatest Val

69、uation CountrySectorIndustrySubindustry1ByteDance$225.0BChinaInternetInternet Software&ServicesSocial2SpaceX$200.0BUnited StatesIndustrialsAerospace&DefenseCommercial Aircraft Manufacturing3OpenAI$80.0BUnited StatesInternetInternet Software&ServicesApplication&Data Integration4Stripe$70.0BUnited Sta

70、tesInternetInternet Software&ServicesPayments5SHEIN$66.0BSingaporeInternetE-CommerceApparel&Accessories6Revolut$45.0BUnited KingdomMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance7Databricks$43.0BUnited StatesInternetInternet Software&ServicesApplication&Data Integration8Fanatics$

71、31.0BUnited StatesInternetE-CommerceSporting Goods9Canva$25.0BAustraliaInternetInternet Software&ServicesMultimedia&Graphics9Chime$25.0BUnited StatesMobile&TelecommunicationsMobile Software&ServicesAccounting&FinanceExit Trends35Quarterly exits36State of Venture|Global Trends|Exit Trends1291097583IP

72、O,721,9772,1812,1242,052M&A,2,0761615127SPAC,8Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Percent of quarterly exits by global region37State of Venture|Global Trends|Exit Trends45%41%39%40%43%42%42%39%40%36%37%37%37%36%36%35%35%38%US,36%11%11%16%11%11%11%12%13%13%13%15%13%12%14%16%16%1

73、3%13%Asia,14%32%37%32%35%34%36%33%34%35%40%37%40%40%40%38%40%42%39%Europe,40%LatAm,3%5%5%Canada,3%Africa,1%Oceania,3%All Other Regions,0%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Global:Top M&A exits in Q32438State of Venture|Global Trends|Exit TrendsCompanyRound ValuationAcquirerCou

74、ntrySectorIndustrySubindustry1ZT Systems$4.9B Advanced Micro DevicesUnited StatesComputer Hardware&ServicesComputer Networking EquipmentStorage Networking Equipment2Core Ventures$3.6B McKessonUnited StatesHealthcareMedical Facilities&ServicesSpecialized Healthcare Services3Johnson Controls-Hitachi A

75、ir Conditioning$3.5B BoschJapanIndustrialsConstructionPlumbing&HVAC4Own Company$2.1B SalesforceUnited StatesInternetInternet Software&ServicesData&Document Management5SuperPlay$2.0B PlaytikaIsraelMobile&TelecommunicationsMobile Software&ServicesGaming6V-Wave$1.7B Johnson&JohnsonIsraelHealthcareMedic

76、al Devices&EquipmentTherapeutic Devices7Transact$1.6B Roper TechnologiesUnited StatesInternetInternet Software&ServicesPayments8Rotech Healthcare$1.4B Owens&MinorUnited StatesHealthcareMedical Facilities&ServicesSpecialized Healthcare Services9AMCS$1.3B EQTIrelandInternetInternet Software&ServicesEn

77、vironment9Brookwood Baptist Health$1.3B Orlando HealthUnited StatesHealthcareMedical Facilities&ServicesHospitalsGlobal:Top IPOs in Q32439State of Venture|Global Trends|Exit TrendsCompanyRound Valuation CountrySectorIndustrySubindustry1OneStream$4.6BUnited StatesInternetInternet Software&ServicesAcc

78、ounting&Finance2Kematek$3.5BChinaIndustrialsManufacturingN/A3YunXueTang$1.8BChinaInternetInternet Software&ServicesEducation&Training4UGREEN$1.2BChinaInternetE-CommerceElectronics&Appliances5NIP Group$1.0BSwedenComputer Hardware&ServicesGamingN/A6Guardian Pharmacy$869MUnited StatesHealthcareMedical

79、Facilities&ServicesLong-Term Care7Intsig$787MChinaMobile&TelecommunicationsMobile Software&ServicesSocial8Zenas BioPharma$710MUnited StatesHealthcareBiotechnologyN/A9BSJ$546MChinaComputer Hardware&ServicesComputer Networking EquipmentNetwork Access&Communication Devices10MBX Biosciences$483MUnited S

80、tatesHealthcareBiotechnologyN/AGlobal:Top SPACs in Q32440State of Venture|Global Trends|Exit TrendsCompanyRound Valuation Select InvestorsCountrySectorIndustrySubindustry1Rezolve$1.8BArmada Acquisition Corp.IUnited KingdomInternetE-CommerceE-Commerce Enablement2CURRENC Group$400MInFinT AcquisitionSi

81、ngaporeInternetInternet Software&ServicesPayments3MKD Technology$230MCetus Capital AcquisitionTaiwanElectronicsElectronic Manufacturing ServicesN/A4ConnectM$145MMonterey Capital AcquisitionUnited StatesComputer Hardware&ServicesIT ServicesIT Solutions&Software Development5Silexion Therapeutics$63MMo

82、ringa AcquisitionIsraelHealthcareBiotechnologyN/AInvestors41Global:Top investors by company count in Q32442State of Venture|Global Trends|InvestorsInvestorCompany Count Investor GroupCountry1Antler35VCSingapore2Andreessen Horowitz32VCUnited States3General Catalyst29VCUnited States4Mitsubishi UFJ Cap

83、ital28CVCJapan5Alumni Ventures27VCUnited States6Sequoia Capital23VCUnited States7Accel21VCUnited States8Bpifrance20Asset/investment managementFrance8SMBC Venture Capital20CVCJapan10Lightspeed Venture Partners19VCUnited StatesGlobal:Top VCs by company count in Q32443State of Venture|Global Trends|Inv

84、estorsInvestorCompany Count Country1Antler35Singapore2Andreessen Horowitz32United States3General Catalyst29United States4Alumni Ventures27United States5Sequoia Capital23United States6Accel21United States7Lightspeed Venture Partners19United States8Bessemer Venture Partners18United States8Khosla Ventu

85、res18United States10Bossa Invest17Brazil10Global Brain17Japan10Manutara Ventures17United StatesGlobal:Top corporate VCs(CVCs)by company count in Q32444State of Venture|Global Trends|InvestorsInvestorCompany Count Country1Mitsubishi UFJ Capital28Japan2SMBC Venture Capital20Japan3Google Ventures18Unit

86、ed States4OKX Ventures13Virgin Islands(British)4Samsung NEXT13United States6Bankless Ventures12United States6Binance Labs12Malta6Salesforce Ventures12United States9Nissay Capital9Japan10Hana Ventures8South Korea10Mizuho Capital8Japan10NVentures8United StatesSector Spotlights45Fintech46Quarterly equi

87、ty funding&deals47State of Venture|Sector Spotlights|Fintech$13.2B$13.2B$13.7B$14.2B$30.2B$38.2B$36.9B$38.4B$32.7B$22.5B$14.2B$11.3B$16.2B$8.5B$7.9B$8.9B$7.6B$9.7BFunding$7.3B1,1149051,0191,2201,6221,5641,6971,7312,1061,6271,4981,2841,3491,0779648581,026892Deals75305001,0001,5002,0002,500$0.0B$5.0B$

88、10.0B$15.0B$20.0B$25.0B$30.0B$35.0B$40.0B$45.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202448State of Venture|Sector Spotlights|FintechUS$3.5B294 DealsEurope$1.5B163 DealsAsia$1.4B175 DealsLatAm$0.4B56 DealsAfrica$0.3B21 DealsOceania$100M19 DealsCanada$38M13 DealsAll Other Regions$75M1

89、2 DealsFunding&deals by global region in Q324Quarterly funding by global region49State of Venture|Sector Spotlights|Fintech40%38%38%38%38%40%39%36%36%38%39%36%42%38%43%38%41%39%US,39%22%24%24%23%22%22%24%25%24%21%23%22%18%20%20%20%24%24%Asia,23%25%24%23%25%24%23%20%21%21%24%22%24%24%26%23%26%23%23%E

90、urope,22%6%5%7%5%6%6%7%7%8%7%8%8%6%6%7%LatAm,7%Canada,2%5%Africa,3%Oceania,3%All Other Regions,2%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual average&median deal size50State of Venture|Sector Spotlights|Fintech$17.3M$28.0M$16.4M$13.2M$12.7M202020222024YTDAverage Deal Size$3.0M$4.

91、4M$3.7M$3.0M$4.0M202020222024YTDMedian Deal SizeAnnual percent of deals by deal stage51State of Venture|Sector Spotlights|Fintech67%70%74%74%Early-stage,71%13%13%10%9%Mid-stage,11%10%10%8%7%Late-stage,9%10%7%9%9%Other,9%20202021202220232024YTDFintech:Top equity deals in Q32452State of Venture|Sector

92、 Spotlights|FintechCompanyRound AmountRoundDateRound ValuationSelect InvestorsCountrySectorIndustrySubindustry%of Total Funding1DMI Finance$334MUndisclosed2024-08-22$3.0B Bank of Tokyo-Mitsubishi UFJIndiaMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance4.6%2Human Interest$242MSerie

93、s F2024-07-17$1.3B Baillie Gifford,Marshall Wace Asset ManagementUnited StatesInternetInternet Software&ServicesAccounting&Finance3.3%3Altana AI$200MSeries C2024-07-29$1.0BUS Innovative Technology Fund,Activate Capital,Google Ventures,OMERS Ventures,Floating Point GroupUnited StatesInternetInternet

94、Software&ServicesSupply Chain&Logistics2.8%3Earned Wealth$200MSeries B2024-07-10N/ASilversmith Capital Partners,Summit Partners,Breyer Capital,Hudson Structured Capital Management,JuxtaposeUnited StatesInternetInternet Software&ServicesAsset&Financial Management&Trading2.8%5Alan$193MSeries F2024-09-

95、20$4.5BBelfius Bank,Coatue,Lakestar,Ontario Teachers,TemasekFranceMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance2.7%6MNT Halan$158MSeries E2024-07-20N/AApis Partners,Development Partners International,Lorax Capital,GB Corp,LunateEgyptInternetInternet Software&ServicesAccounting&

96、Finance2.2%7Bilt Rewards$150MSeries C2024-08-02$3.3BOntario Teachers,University of Illinois Foundation,Vanderbilt UniversityUnited StatesInternetInternet Software&ServicesCustomer Relationship Management2.1%8Aven$142MSeries D2024-07-17$1.0BGeneral Catalyst,Khosla Ventures,Caffeinated Capital,Electri

97、c Capital,Founders FundUnited StatesMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance2.0%9Zing Health$140MSeries A2024-09-25N/ACRG,First Trust Capital Partners,Health2047 Capital Partners,Newlight Partners,Town Hall VenturesUnited StatesFinanceInsuranceHealth Insurance1.9%10Akur8$1

98、20MSeries C2024-09-16N/A One Peak Partners,Guidewire Software,Partners GroupFranceInternetInternet Software&ServicesAccounting&Finance1.7%10CloudPay$120MSeries G2024-08-08N/ABlue Owl Capital,Olayan Group,Rho Capital Partners,Hollyport CapitalUnited Kingdom InternetInternet Software&ServicesHR&Workfo

99、rce Management1.7%10ParaFi Capital$120MUndisclosed2024-08-29N/A Accolade Partners,Theta Capital ManagementUnited StatesInternetInternet Software&ServicesAsset&Financial Management&Trading1.7%Quarterly new&total unicorns53State of Venture|Sector Spotlights|Fintech3873New Unicorns,2309316322323Total U

100、nicorns,325Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Quarterly exits54State of Venture|Sector Spotlights|Fintech10477IPO,6140155161159M&A,1463411SPAC,1Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Fintech:Top investors by company count in Q32455State of Venture|Sector Spo

101、tlights|FintechInvestorCompany Count Investor GroupCountry1OKX Ventures8CVCVirgin Islands(British)1Robot Ventures8VCUnited States3Antler7VCSingapore3Bankless Ventures7CVCUnited States3Binance Labs7CVCMalta3Manutara Ventures7VCUnited States7FJ Labs6VCUnited States7HTX Ventures6VCVietnam7Mirana Ventur

102、es6VCSingapore7SNZ Capital6VCChinaRetail Tech56Quarterly equity funding&deals57State of Venture|Sector Spotlights|Retail Tech$9.5B$8.6B$14.2B$18.2B$29.4B$31.0B$31.5B$28.3B$26.0B$15.0B$8.5B$6.9B$5.8B$5.0B$6.1B$4.8B$5.6B$5.6BFunding$4.5B9688279331,0221,2191,2251,2931,2991,4121,1601,0778847716546625715

103、79511Deals45102004006008001,0001,2001,400$0.0B$5.0B$10.0B$15.0B$20.0B$25.0B$30.0B$35.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202458State of Venture|Sector Spotlights|Retail TechUS$2.3B124 DealsAsia$1.5B181 DealsEurope$0.4B95 DealsLatAm$0.1B18 DealsCanada$94M15 DealsOceania$29M8 Deals

104、Africa$16M10 DealsFunding&deals by global region in Q324Quarterly funding by global region59State of Venture|Sector Spotlights|Retail Tech33%31%34%30%34%30%28%30%29%28%30%30%33%32%31%25%32%27%US,27%33%35%35%35%33%37%40%38%35%36%36%33%33%34%34%36%39%39%Asia,40%25%25%20%25%23%22%20%20%22%25%22%25%24%2

105、5%26%28%24%23%Europe,21%5%LatAm,4%Canada,3%Africa,2%Oceania,2%All Other Regions,0%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual average&median deal size60State of Venture|Sector Spotlights|Retail Tech$19.7M$33.2M$17.0M$11.6M$15.2M202020222024YTDAverage Deal Size$2.5M$3.9M$3.0M$2.3

106、M$3.0M202020222024YTDMedian Deal SizeAnnual percent of deals by deal stage61State of Venture|Sector Spotlights|Retail Tech66%66%70%71%Early-stage,64%14%15%12%11%Mid-stage,14%10%12%9%9%Late-stage,11%9%7%9%9%Other,10%20202021202220232024YTDRetail Tech:Top equity deals in Q32462State of Venture|Sector

107、Spotlights|Retail TechCompanyRound AmountRoundDateRound ValuationSelect InvestorsCountrySectorIndustrySubindustry%of Total Funding1Transportation Equipment Network$600MUndisclosed2024-07-15N/AMubadala Investment Company,Qatar Investment AuthorityUnited StatesAutomotive&TransportationTransportation S

108、ervicesLogistics Services13.3%2Zepto$340MSeries G2024-08-13$4.9BGeneral Catalyst,Mars Growth Capital,DST Global,Lightspeed Venture Partners,ContraryIndiaInternetE-CommerceFood&Grocery7.6%3Altana AI$200MSeries C2024-07-29$1.0BUS Innovative Technology Fund,Activate Capital,Google Ventures,OMERS Ventur

109、es,Floating Point GroupUnited StatesInternetInternet Software&ServicesSupply Chain&Logistics4.4%3Tekion$200MGrowth Equity2024-07-16$4.0B Dragoneer Investment GroupUnited StatesInternetInternet Software&ServicesRetail&Inventory4.4%3Windrose$200MSeries C2024-07-23N/ASFPIM,FountainVest Partners,GSR Ven

110、tures,Goodman,HSBCChinaAutomotive&TransportationAutomobile ManufacturingN/A4.4%6Bilt Rewards$150MSeries C2024-08-02$3.3BOntario Teachers,University of Illinois Foundation,Vanderbilt UniversityUnited StatesInternetInternet Software&ServicesCustomer Relationship Management3.3%7Chainguard$140MSeries C2

111、024-07-25$1.1BInstitutional Venture Partners,Lightspeed Venture Partners,Redpoint Ventures,Sequoia Capital,Spark CapitalUnited StatesInternetInternet Software&ServicesSupply Chain&Logistics3.1%8Purplle$120MSeries E2024-07-01$1.3B Abu Dhabi Investment AuthorityIndiaInternetE-CommerceApparel&Accessori

112、es2.7%9Flink$115MSeries E2024-09-17N/ABond,Cherry Ventures,Northzone,REWE Group,MubadalaGermanyMobile&TelecommunicationsMobile CommerceFood&Grocery2.6%10Mytra$78MSeries B2024-07-17N/AGreenoaks,515 VENTURES,Eclipse,Garry Tan,Lachy GroomUnited StatesInternetInternet Software&ServicesManufacturing,Ware

113、housing&Industrial1.7%Quarterly new&total unicorns63State of Venture|Sector Spotlights|Retail Tech131New Unicorns,3219216217215Total Unicorns,215Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Quarterly exits64State of Venture|Sector Spotlights|Retail Tech71868IPO,4109136160130M&A,1301SPAC

114、,1Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Retail Tech:Top investors by company count in Q32465State of Venture|Sector Spotlights|Retail TechInvestorCompany Count Investor GroupCountry1Accel4VCUnited States1Aozora Corporate Investment4VCJapanDigital Health66Quarterly equity funding&

115、deals67State of Venture|Sector Spotlights|Digital Health$6.0B$5.5B$7.6B$9.7B$11.5B$14.5B$12.1B$14.5B$9.9B$7.8B$4.7B$4.0B$4.2B$3.7B$4.1B$2.5B$4.4B$4.3BFunding$3.3B573590627568696740762685797603532446527405308301297269Deals3010100200300400500600700800$0.0B$2.0B$4.0B$6.0B$8.0B$10.0B$12.0B$14.0B$16.0BQ1

116、Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023202468State of Venture|Sector Spotlights|Digital HealthUS$2.1B156 DealsEurope$0.9B63 DealsAsia$0.1B62 DealsLatAm$45M5 DealsCanada$41M6 DealsOceania$25M6 DealsAfrica$1M2 DealsAll Other Regions$1M1 DealFunding&deals by global region in Q324Quarterly

117、funding by global region69State of Venture|Sector Spotlights|Digital Health55%55%55%51%54%50%50%49%50%51%57%56%52%53%54%54%54%61%US,52%18%18%19%22%20%22%25%24%22%21%19%16%16%17%20%18%15%14%Asia,21%20%20%21%21%20%23%17%21%21%21%17%23%26%23%21%20%25%18%Europe,21%LatAm,2%Canada,2%Africa,1%Oceania,2%All

118、 Other Regions,0%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual average&median deal size70State of Venture|Sector Spotlights|Digital Health$15.6M$22.6M$14.0M$11.8M$17.8M202020222024YTDAverage Deal Size$3.3M$3.7M$4.0M$3.9M$5.4M202020222024YTDMedian Deal SizeAnnual percent of deals b

119、y deal stage71State of Venture|Sector Spotlights|Digital Health62%66%66%66%Early-stage,57%18%17%15%15%Mid-stage,21%9%9%8%9%Late-stage,12%11%8%11%10%Other,10%20202021202220232024YTDDigital Health:Top equity deals in Q32472State of Venture|Sector Spotlights|Digital HealthCompanyRound AmountRoundDateRo

120、und ValuationSelect InvestorsCountrySectorIndustrySubindustry%of Total Funding1Flo Health$200MSeries C2024-07-30$1.0B General AtlanticUnited KingdomMobile&TelecommunicationsMobile Software&ServicesHealth&Wellness6.1%2Alan$193MSeries F2024-09-20$4.5BBelfius Bank,Coatue,Lakestar,Ontario Teachers,Temas

121、ekFranceMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance5.9%3Zing Health$140MSeries A2024-09-25N/ACRG,First Trust Capital Partners,Health2047 Capital Partners,Newlight Partners,Town Hall VenturesUnited StatesFinanceInsuranceHealth Insurance4.3%4Superluminal Medicines$120MSeries A2

122、024-09-04N/ARA Capital Management,Insight Partners,Gaingels,NVenturesUnited StatesHealthcareBiotechnologyN/A3.7%5Devoted Health$112MSeries E2024-08-02N/AThe Space Between,Cox Enterprises,White Road InvestmentsUnited StatesHealthcareHealthcare PlansN/A3.4%6Headway$100MSeries D2024-07-12$2.3BSpark Cap

123、ital,Accel,Andreessen Horowitz,Thrive Capital,Forerunner VenturesUnited StatesInternetInternet Software&ServicesHealth&Wellness3.1%6Spring Health$100MSeries E2024-07-31$3.3BGeneration Investment Management,Kinnevik,Northzone,RRE Ventures,William K.Warren FoundationUnited StatesInternetInternet Softw

124、are&ServicesHealth&Wellness3.1%8Caresyntax$80MSeries C2024-08-15N/ABlackRock,Lauxera Capital Partners,MTIP,Optum Ventures,PFM Health SciencesUnited StatesInternetInternet Software&ServicesHealthcare2.5%8CytoReason$80MSeries A2024-07-17N/A OurCrowd,Pfizer,NVIDIA,Thermo Fisher ScientificIsraelInternet

125、Internet Software&ServicesHealthcare2.5%8Huma$80MSeries D2024-07-16$1.0B AstraZeneca,HAT,Hitachi Ventures,Leaps by BayerUnited KingdomInternetInternet Software&ServicesHealthcare2.5%Quarterly new&total unicorns73State of Venture|Sector Spotlights|Digital Health21New Unicorns,294949492Total Unicorns,

126、92Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Quarterly exits74State of Venture|Sector Spotlights|Digital Health112IPO,120392630M&A,3712SPAC,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Digital Health:Top investors by company count in Q32475State of Venture|Sector Spotlig

127、hts|Digital HealthInvestorCompany Count Investor GroupCountry1Andreessen Horowitz5VCUnited States1Jumpstart Foundry5VCUnited States3Excelerate Health Ventures4VCUnited States47wire Ventures3VCUnited States4Elaia Partners3VCFrance4FCA Venture Partners3VCUnited StatesGeographic Trends76US Trends77Quar

128、terly funding&deals78State of Venture|Geographic Trends|US Trends$35.8B$33.6B$43.7B$47.3B$78.0B$76.5B$80.7B$96.4B$76.4B$57.6B$39.5B$35.5B$46.5B$31.3B$34.5B$26.3B$36.2B$40.2BFunding$29.8B3,1932,6743,0483,0363,9623,6404,0714,0124,7333,6783,7053,1653,6343,1333,0042,5592,8212,568Deals2,17601,0002,0003,0

129、004,0005,000$0.0B$20.0B$40.0B$60.0B$80.0B$100.0B$120.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage79State of Venture|Geographic Trends|US Trends60%63%65%68%Early-stage,63%13%14%10%9%Mid-stage,11%8%9%7%6%Late-stage,7%19%14%17%17%Other,19%20202021202

130、220232024YTDUS:Top equity deals in Q32480State of Venture|Geographic Trends|US TrendsCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Anduril$1.5BSeries F2024-08-07$14.0BFounders Fund,Sands Capital,Franklin Venture Partners,Altimeter Capital,Baill

131、ie GiffordIndustrialsAerospace&DefenseOther Weapon Design&Manufacturing5.0%2Safe Superintelligence$1.0BSeries A2024-09-04$5.0BNat Friedman and Daniel Gross,Andreessen Horowitz,DST Global,Sequoia Capital,SV AngelInternetInternet Software&ServicesScience&Engineering3.4%3Groq$640MSeries D2024-07-12$2.8

132、BBlackRock,Cisco,KDDI,Neuberger Berman,Samsung CatalystComputer Hardware&ServicesIT ServicesInfrastructure&Hosting2.2%4Candid Therapeutics$370MSeries A2024-09-09N/AFairmount,TCG Crossover,Venrock Healthcare Capital Partners,venBIO,Boxer CapitalHealthcareBiotechnologyN/A1.2%5ArsenalBio$325MSeries C20

133、24-09-04N/AARCH Venture Partners,LUMA Group,Milky Way Investments Group,NVentures,Regeneron VenturesHealthcareBiotechnologyN/A1.1%6Cribl$319MSeries E2024-08-27$3.5BGoogle Ventures,Michael McBride,Institutional Venture Partners,CRV,CapitalGInternetInternet Software&ServicesMonitoring&Security1.1%7Gon

134、dolaBio$300MSeries A2024-08-22N/ASequoia Capital,Aisling Capital,Cormorant Asset Management,Frazier Life Sciences,Patient Square CapitalHealthcareDrug DevelopmentN/A1.0%7Skild AI$300MSeries A2024-07-09$1.5BBezos Expeditions,Coatue,Lightspeed Venture Partners,SoftBank,General CatalystIndustrialsMachi

135、nery&EquipmentRobotics1.0%9Unlock$280MSeries B2024-09-03N/AD2 Asset Management,Second Century Ventures,NAR REACH,Saluda GradeFinanceLendingN/A0.9%10Element Biosciences$277MSeries D2024-07-11$1.1BWellington Management,Foresite Capital,T.Rowe Price,VenrockHealthcareBiotechnologyN/A0.9%Quarterly exits8

136、1State of Venture|Geographic Trends|US Trends20151721IPO,13737798751806M&A,76810973SPAC,3Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024US:Top investors by company count in Q32482State of Venture|Geographic Trends|US TrendsInvestorCompany Count Investor GroupCountry1Andreessen Horowitz32V

137、CUnited States2General Catalyst29VCUnited States3Alumni Ventures27VCUnited States4Sequoia Capital23VCUnited States5Accel21VCUnited States6Lightspeed Venture Partners19VCUnited States7Bessemer Venture Partners18VCUnited States7Google Ventures18CVCUnited States7Khosla Ventures18VCUnited States10Manuta

138、ra Ventures17VCUnited StatesSilicon Valley83Quarterly funding&deals84State of Venture|Geographic Trends|Silicon Valley$13.9B$12.6B$13.5B$12.6B$27.7B$23.7B$29.6B$30.9B$29.2B$17.5B$10.3B$7.0B$25.9B$9.6B$10.5B$7.5B$15.1B$18.1BFunding$10.5B7976677516979838219879481,132834773615908629670477678546Deals419

139、02004006008001,0001,2001,400$0.0B$5.0B$10.0B$15.0B$20.0B$25.0B$30.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage85State of Venture|Geographic Trends|Silicon Valley67%66%71%76%Early-stage,69%16%18%14%10%Mid-stage,16%9%10%6%5%Late-stage,6%8%6%9%9%Othe

140、r,8%20202021202220232024YTDSilicon Valley:Top equity deals in Q32486State of Venture|Geographic Trends|Silicon ValleyCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Safe Superintelligence$1.0BSeries A2024-09-04$5.0BNat Friedman and Daniel Gross,A

141、ndreessen Horowitz,DST Global,Sequoia Capital,SV AngelInternetInternet Software&ServicesScience&Engineering9.5%2Groq$640MSeries D2024-07-12$2.8BBlackRock,Cisco,KDDI,Neuberger Berman,Samsung CatalystComputer Hardware&ServicesIT ServicesInfrastructure&Hosting6.1%3ArsenalBio$325MSeries C2024-09-04N/AAR

142、CH Venture Partners,LUMA Group,Milky Way Investments Group,NVentures,Regeneron VenturesHealthcareBiotechnologyN/A3.1%4Cribl$319MSeries E2024-08-27$3.5BGoogle Ventures,Michael McBride,Institutional Venture Partners,CRV,CapitalGInternetInternet Software&ServicesMonitoring&Security3.0%5GondolaBio$300MS

143、eries A2024-08-22N/ASequoia Capital,Aisling Capital,Cormorant Asset Management,Frazier Life Sciences,Patient Square CapitalHealthcareDrug DevelopmentN/A2.8%New York87Quarterly funding&deals88State of Venture|Geographic Trends|New York$5.4B$4.1B$5.5B$5.9B$12.8B$12.6B$13.2B$18.3B$11.6B$7.3B$6.1B$5.1B$

144、5.2B$4.8B$3.5B$4.0B$4.5B$7.4BFunding$3.9B478369427422622579624589714573555484566483431386419399Deals3320100200300400500600700800900$0.0B$2.0B$4.0B$6.0B$8.0B$10.0B$12.0B$14.0B$16.0B$18.0B$20.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage89State of Ve

145、nture|Geographic Trends|New York66%66%70%73%Early-stage,67%13%14%10%7%Mid-stage,11%8%9%6%5%Late-stage,7%13%11%14%14%Other,15%20202021202220232024YTDNew York:Top equity deals in Q32490State of Venture|Geographic Trends|New YorkCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustryS

146、ubindustry%of Total Funding1Grafana Labs$270MSeries D2024-08-21$6.0BLightspeed Venture Partners,Sequoia Capital,Coatue,GIC,J.P.MorganInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt7.0%2Altana AI$200MSeries C2024-07-29$1.0BUS Innovative Technology Fund,Activate Capi

147、tal,Google Ventures,OMERS Ventures,Floating Point GroupInternetInternet Software&ServicesSupply Chain&Logistics5.2%2Earned Wealth$200MSeries B2024-07-10N/ASilversmith Capital Partners,Summit Partners,Breyer Capital,Hudson Structured Capital Management,JuxtaposeInternetInternet Software&ServicesAsset

148、&Financial Management&Trading5.2%4Bilt Rewards$150MSeries C2024-08-02$3.3BOntario Teachers,University of Illinois Foundation,Vanderbilt UniversityInternetInternet Software&ServicesCustomer Relationship Management3.9%5Halda Therapeutics$126MSeries B2024-08-12N/AAccess Biotechnology,Elm Street Venture

149、s,Boxer Capital,Canaan PartnersHealthcareDrug DevelopmentN/A3.3%Los Angeles91Quarterly funding&deals92State of Venture|Geographic Trends|Los Angeles$3.3B$1.6B$7.4B$3.3B$6.6B$6.5B$6.3B$5.5B$6.1B$4.2B$4.0B$5.2B$1.4B$1.9B$2.3B$1.3B$2.7B$2.1BFunding$2.9B25018227225727929934829538130429323024720422418019

150、0160Deals137050100150200250300350400450500$0.0B$1.0B$2.0B$3.0B$4.0B$5.0B$6.0B$7.0B$8.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage93State of Venture|Geographic Trends|Los Angeles62%67%69%69%Early-stage,61%11%11%8%8%Mid-stage,9%9%8%8%6%Late-stage,9%

151、18%13%15%16%Other,21%20202021202220232024YTDLos Angeles:Top equity deals in Q32494State of Venture|Geographic Trends|Los AngelesCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Anduril$1.5BSeries F2024-08-07$14.0BFounders Fund,Sands Capital,Frankl

152、in Venture Partners,Altimeter Capital,Baillie GiffordIndustrialsAerospace&DefenseOther Weapon Design&Manufacturing52.3%2Cosm$250MPrivate Equity2024-07-31$1.0BMirasol Capital,Baillie Gifford,Bolt Ventures,Avenue Capital Group,Dan GilbertLeisureEntertainmentN/A8.7%3Flyr$225MSeries D2024-08-08N/AWestCa

153、p,Streamlined Ventures,Abu Dhabi Investment Authority,Avianca,BlackRockInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt7.8%4TOCA Football$85MUndisclosed2024-08-15N/A Undisclosed InvestorsConsumer Products&ServicesEducation&Training(non-internet/mobile)Training Servi

154、ces3.0%5Harbinger Motors$73MSeries B2024-08-22N/A Ridgeline PartnersAutomotive&TransportationAutomobile ManufacturingN/A2.5%Boston95Quarterly funding&deals96State of Venture|Geographic Trends|Boston$4.4B$4.2B$3.4B$3.8B$8.2B$8.0B$6.9B$11.4B$4.9B$5.9B$3.3B$4.1B$2.6B$4.2B$4.0B$3.6B$2.0B$2.9BFunding$2.8

155、B233219203203246267250271288232218214196194174186150154Deals138050100150200250300$0.0B$2.0B$4.0B$6.0B$8.0B$10.0B$12.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage97State of Venture|Geographic Trends|Boston56%58%59%61%Early-stage,58%18%21%15%16%Mid-s

156、tage,17%10%10%8%9%Late-stage,8%16%12%18%15%Other,17%20202021202220232024YTDBoston:Top equity deals in Q32498State of Venture|Geographic Trends|BostonCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Cardurion$260MSeries B2024-07-16N/AAscenta Capita

157、l,Bain Capital,Blue Owl Capital,Delos Capital,Digitalis VenturesHealthcareDrug DiscoveryN/A9.3%2eGenesis$191MSeries D2024-09-04N/ALux Capital,ARCH Venture Partners,Alta Partners,Farallon Capital Management,Fresenius Medical Care VenturesHealthcareBiotechnologyN/A6.8%3Aktis Oncology$175MSeries B2024-

158、09-30N/AJanus Henderson Investors,RA Capital Management,RTW Investments,Bristol-Myers Squibb,Eli Lilly and CompanyHealthcareBiotechnologyN/A6.3%4Third Arc Bio$165MSeries A2024-07-23N/ACormorant Asset Management,Hillhouse Capital Management,Vida Ventures,Omega Funds,AbbVie VenturesHealthcarePharmaceu

159、ticals/DrugsN/A5.9%5Scorpion Therapeutics$150MSeries C2024-07-16N/AFrazier Life Sciences,Lightspeed Venture Partners,Abingworth,Boxer Capital,Casdin CapitalHealthcareDrug DevelopmentN/A5.4%Seattle99Quarterly funding&deals100State of Venture|Geographic Trends|Seattle$0.5B$1.2B$1.2B$1.2B$1.5B$1.7B$1.4

160、B$2.3B$1.5B$1.9B$0.8B$0.9B$0.5B$0.5B$1.0B$0.6B$0.4B$0.4BFunding$1.3B947194851021051091101408610693887769797369Deals67020406080100120140160180$0.0B$0.5B$1.0B$1.5B$2.0B$2.5BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage101State of Venture|Geographic Tre

161、nds|Seattle62%63%67%72%Early-stage,68%11%14%7%12%Mid-stage,8%8%6%Late-stage,3%19%17%20%12%Other,21%20202021202220232024YTDSeattle:Top equity deals in Q324102State of Venture|Geographic Trends|SeattleCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding

162、1Kestra Medical Technologies$196MPrivate Equity2024-07-24N/AAlly Bridge Group,Andera Partners,Longitude Capital,Omega Funds,Bain CapitalHealthcareMedical Devices&EquipmentPatient Monitoring15.3%2Outpace Bio$144MSeries B2024-08-01N/ARA Capital Management,Abstract Ventures,Artis Ventures,Civilization

163、Ventures,Mubadala CapitalHealthcareBiotechnologyN/A11.3%3Chainguard$140MSeries C2024-07-25$1.1BInstitutional Venture Partners,Lightspeed Venture Partners,Redpoint Ventures,Sequoia Capital,Spark CapitalInternetInternet Software&ServicesSupply Chain&Logistics10.9%4Zap Energy$130MSeries C2024-07-30N/AS

164、oros Fund Management,Breakthrough Energy,Chevron Technology Ventures,DCVC,Energy Impact PartnersEnergy&UtilitiesEnergy StorageN/A10.2%5Lakefield Veterinary Group$105MUndisclosed2024-07-18N/A Undisclosed InvestorsHealthcareMedical Facilities&ServicesSpecialized Healthcare Services8.2%Denver103Quarter

165、ly funding&deals104State of Venture|Geographic Trends|Denver$0.4B$1.0B$0.5B$1.3B$1.2B$1.4B$0.8B$1.2B$1.1B$2.3B$0.9B$1.2B$0.7B$0.6B$0.3B$0.6B$0.8B$0.7BFunding$0.3B837279949711982861201078572878071626770Deals44020406080100120140$0.0B$0.5B$1.0B$1.5B$2.0B$2.5BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3202020

166、21202220232024Annual percent of deals by deal stage105State of Venture|Geographic Trends|Denver55%57%61%61%Early-stage,56%11%14%11%12%Mid-stage,9%7%8%8%Late-stage,8%27%21%21%23%Other,27%20202021202220232024YTDDenver:Top equity deals in Q324106State of Venture|Geographic Trends|DenverCompanyRound Amo

167、untRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Vero Networks$80MVenture Capital2024-08-31N/A Delta-V Capital,Hamilton LaneMobile&TelecommunicationsTelecom ServicesData&Broadband23.3%2Peak Energy$55MSeries A2024-07-17N/AXora Innovation,Eclipse Ventures,TDK Ventu

168、res,Doral Energy-Tech Ventures,Scania Growth CapitalEnergy&UtilitiesRenewablesN/A16.0%3Foresight Diagnostics$33MSeries B2024-07-30N/AAgent Capital,Bluebird Ventures,Civilization Ventures,Foresite Capital,Pear VCHealthcareDisease DiagnosisN/A9.6%4H3X$20MSeries A2024-08-06N/AInfinite Capital,Liquid 2

169、Ventures,Lockheed Martin Ventures,Metaplanet,TechNexus Venture CollaborativeIndustrialsAerospace&DefenseParts Manufacturing&Distribution5.8%5Ambrosia Biosciences$16MSeries A2024-08-06N/A BVF Partners,Boulder VenturesHealthcareBiotechnologyN/A4.7%DC107Quarterly funding&deals108State of Venture|Geogra

170、phic Trends|DC$0.5B$0.8B$0.5B$4.6B$1.5B$1.9B$1.2B$1.9B$1.6B$1.4B$1.1B$0.9B$0.9B$1.3B$0.8B$0.4B$0.7B$0.8BFunding$0.6B82808783100123931471509510711210212390877987Deals78020406080100120140160180$0.0B$0.5B$1.0B$1.5B$2.0B$2.5B$3.0B$3.5B$4.0B$4.5B$5.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120222023

171、2024Annual percent of deals by deal stage109State of Venture|Geographic Trends|DC54%60%59%61%Early-stage,63%15%11%8%8%Mid-stage,8%11%12%8%10%Late-stage,11%20%17%25%21%Other,18%20202021202220232024YTDDC:Top equity deals in Q324110State of Venture|Geographic Trends|DCCompanyRound AmountRoundDateRound

172、ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Parry Labs$80MPrivate Equity2024-08-28N/ACapitol Meridian Partners,3Wire Partners,Teamworthy Ventures,True VenturesIndustrialsAerospace&DefenseN/A13.7%2Forterra$75MSeries B2024-09-10N/AHedosophia,Moore Strategic Ventures,XYZ Venture

173、s,Crescent Cove Advisors,Enlightenment CapitalAutomotive&TransportationTransportation ServicesLogistics Services12.8%3DEFCON AI$44MSeed VC2024-08-20N/ABessemer Venture Partners,Fifth Growth Fund,Red Cell PartnersIndustrialsAerospace&DefenseN/A7.5%4Last Energy$40MSeries B2024-08-29N/A Gigafund,Autode

174、sk FoundationEnergy&UtilitiesElectricNuclear6.8%5Facet Wealth$28MSeries C2024-07-26N/A Undisclosed InvestorsInternetInternet Software&ServicesAccounting&Finance4.8%Chicago111Quarterly funding&deals112State of Venture|Geographic Trends|Chicago$0.5B$0.4B$1.1B$1.1B$1.4B$1.8B$1.5B$1.3B$1.4B$0.7B$1.1B$0.

175、9B$0.5B$0.6B$0.6B$0.3B$0.5B$0.4BFunding$0.3B8061719510089971101077810583857575576150Deals48020406080100120140$0.0B$0.2B$0.4B$0.6B$0.8B$1.0B$1.2B$1.4B$1.6B$1.8B$2.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage113State of Venture|Geographic Trends|Chi

176、cago60%59%61%62%Early-stage,63%11%12%9%10%Mid-stage,10%7%11%9%7%Late-stage,9%22%18%21%21%Other,18%20202021202220232024YTDChicago:Top equity deals in Q324114State of Venture|Geographic Trends|ChicagoCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1

177、Hopscotch Primary Care$45MVenture Capital2024-07-02N/A 8VC,Town Hall Ventures,aMoon Fund HealthcareHealthcare PlansN/A13.1%1Vanqua Bio$45MSeries C2024-07-05N/A Omega FundsHealthcareDrug DevelopmentN/A13.0%3Amount$30MSeries E2024-08-15N/ACurql,Goldman Sachs,Hanaco Ventures,QED Investors,WestCapMobile

178、&TelecommunicationsMobile Software&ServicesAccounting&Finance8.7%4StoicLane$29MConvertible Note2024-08-30N/A Undisclosed InvestorsBusiness Products&ServicesConsulting&OutsourcingManagement&Strategy Consulting8.3%5Bitnomial$28MSeries C2024-07-26N/A Electric Capital,ADM VenturesInternetInternet Softwa

179、re&ServicesAsset&Financial Management&Trading8.0%Dallas115Quarterly funding&deals116State of Venture|Geographic Trends|Dallas$0.8B$0.3B$0.6B$0.5B$0.5B$1.5B$0.4B$2.1B$2.3B$0.5B$0.8B$0.2B$0.7B$0.2B$0.8B$0.2B$0.1B$0.5BFunding$0.2B473547565347605062534744414535343239Deals3301020304050607080$0.0B$0.5B$1.

180、0B$1.5B$2.0B$2.5BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage117State of Venture|Geographic Trends|Dallas45%58%49%54%Early-stage,55%10%10%10%7%Mid-stage,4%13%14%13%10%Late-stage,13%32%19%29%28%Other,28%20202021202220232024YTDDallas:Top equity deals

181、in Q324118State of Venture|Geographic Trends|DallasCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Siepe$30MSeries B2024-08-22N/A WestCapInternetInternet Software&ServicesAsset&Financial Management&Trading18.8%2Pieces$25MSeries D2024-09-10N/AChil

182、drens Medical Center,Concord Health Partners,OSF HealthCare,Rittenhouse VenturesInternetInternet Software&ServicesHealthcare15.6%3OxeFit$18MSeries A2024-09-25N/A Anne Mahlum,Dave AspreyConsumer Products&ServicesHealth&Wellness(non-internet/mobile)Sporting Goods&Equipment10.9%4Guidehealth$14MSeed2024

183、-08-06N/A Memorial Hermann Health System,Sidd PagadipatiInternetInternet Software&ServicesHealthcare8.8%5VESALIO$11MVenture Capital2024-07-02N/A Solas BioventuresHealthcareMedical Devices&EquipmentSurgical Devices6.9%Austin119Quarterly funding&deals120State of Venture|Geographic Trends|Austin$0.6B$0

184、.4B$0.5B$0.8B$1.0B$2.2B$1.4B$2.0B$1.9B$1.2B$0.5B$0.6B$0.9B$0.7B$0.7B$0.7B$1.1B$0.4BFunding$0.7B826574841229811310114810295821028668796759Deals58020406080100120140160180200$0.0B$0.5B$1.0B$1.5B$2.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage121State

185、of Venture|Geographic Trends|Austin65%65%66%70%Early-stage,62%11%11%10%10%Mid-stage,11%8%11%6%Late-stage,5%16%13%18%16%Other,22%20202021202220232024YTDAustin:Top equity deals in Q324122State of Venture|Geographic Trends|AustinCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustryS

186、ubindustry%of Total Funding1Saronic Technologies$175MSeries B2024-07-19$1.0BAndreessen Horowitz,8VC,Caffeinated Capital,NightDragon,Elad GilIndustrialsAerospace&DefenseParts Manufacturing&Distribution26.9%2webAI$43MSeries A2024-09-10$700M Undisclosed InvestorsInternetInternet Software&ServicesApplic

187、ation&Data Integration6.6%3Infinitum$35MSeries E2024-07-16N/AMarunouchi Innovation Partners,Rice Investment GroupElectronicsElectrical Product DistributionMotors&Motor Drives5.4%4Gymdesk$33MGrowth Equity2024-07-08N/A Five Elms CapitalInternetInternet Software&ServicesBusiness Intelligence,Analytics&

188、Performance Mgmt5.0%5Cormint$29MSeries B2024-07-23N/A Undisclosed InvestorsInternetInternet Software&ServicesAsset&Financial Management&Trading4.5%5GreenLite$29MSeries A2024-09-17N/ACraft Ventures,LiveOak Venture Partners,Trust Ventures,Fifty Three StationsInternetInternet Software&ServicesReal Esta

189、te4.4%Miami123Quarterly funding&deals124State of Venture|Geographic Trends|Miami$0.3B$0.6B$0.3B$1.3B$0.3B$0.9B$1.1B$2.2B$1.4B$1.4B$1.7B$0.5B$0.6B$0.2B$0.4B$0.2B$0.4B$0.2BFunding$0.4B684555558067999412711511792907578668955Deals58020406080100120140160$0.0B$0.5B$1.0B$1.5B$2.0B$2.5BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q

190、3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage125State of Venture|Geographic Trends|Miami52%63%67%69%Early-stage,61%9%9%6%5%Mid-stage,6%8%9%7%Late-stage,6%31%19%20%21%Other,27%20202021202220232024YTDMiami:Top equity deals in Q324126State of Venture|Geographic Trends|Miami

191、CompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1DataCore Software$60MGrowth Equity2024-07-16N/A Vistara GrowthInternetInternet Software&ServicesData Storage15.6%2DoorLoop$52MSeries B2024-09-19N/A Undisclosed InvestorsInternetInternet Software&Ser

192、vicesReal Estate13.4%3Finally$50MSeries B2024-09-09N/A PeakSpan CapitalInternetInternet Software&ServicesAccounting&Finance13.0%3Tune.fm$50MPrivate Equity2024-09-12N/A Global Emerging MarketsInternetInternet Software&ServicesMusic13.0%5Arcee$24MSeries A2024-07-16N/A Emergence CapitalComputer Hardwar

193、e&ServicesIT ServicesIT Solutions&Software Development6.2%Atlanta127Quarterly funding&deals128State of Venture|Geographic Trends|Atlanta$0.7B$0.3B$0.4B$1.0B$1.7B$1.0B$0.8B$0.7B$1.4B$0.5B$0.4B$0.4B$0.4B$0.3B$0.4B$0.3B$0.1B$0.2BFunding$0.2B574645647251799385606351743147434435Deals33020406080100120$0.0

194、B$0.2B$0.4B$0.6B$0.8B$1.0B$1.2B$1.4B$1.6B$1.8BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage129State of Venture|Geographic Trends|Atlanta59%63%62%61%Early-stage,61%12%8%7%8%Mid-stage,6%9%16%11%5%Late-stage,10%20%14%20%26%Other,23%20202021202220232024Y

195、TDAtlanta:Top equity deals in Q324130State of Venture|Geographic Trends|AtlantaCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Loyal$34MSeries B2024-07-22N/A Concord Health PartnersInternetInternet Software&ServicesHealthcare21.8%2SynXGlobal$22MU

196、ndisclosed2024-09-18N/A Undisclosed InvestorsInternetInternet Software&ServicesSupply Chain&Logistics14.0%3Franpos$20MUndisclosed2024-08-07N/A NeteviaInternetInternet Software&ServicesAdvertising,Sales&Marketing13.0%4Prodia$15MSeed VC2024-07-02N/ADragonfly Capital,Index Ventures,Artichoke Capital,Fo

197、lius Ventures,HashKey CapitalInternetInternet Software&ServicesMultimedia&Graphics9.8%5Multiscale Technologies$11MSeries A2024-09-17N/A Undisclosed InvestorsInternetInternet Software&ServicesScience&Engineering7.2%Philadelphia131Quarterly funding&deals132State of Venture|Geographic Trends|Philadelph

198、ia$0.2B$0.4B$0.9B$0.8B$2.0B$1.5B$1.4B$1.4B$1.7B$0.9B$0.8B$0.7B$0.3B$0.4B$0.6B$0.5B$0.5B$0.6BFunding$0.5B534587611379910711817912614912515512012311812394Deals98050100150200$0.0B$0.5B$1.0B$1.5B$2.0B$2.5BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage133S

199、tate of Venture|Geographic Trends|Philadelphia64%73%79%81%Early-stage,77%9%7%5%Mid-stage,7%7%Late-stage,3%20%15%12%13%Other,13%20202021202220232024YTDPhiladelphia:Top equity deals in Q324134State of Venture|Geographic Trends|PhiladelphiaCompanyRound AmountRoundDateRound ValuationSelect InvestorsSect

200、orIndustrySubindustry%of Total Funding1Second Front Systems$70MSeries C2024-09-13$750MSalesforce Ventures,Battery Ventures,Artis Ventures,Moore Capital Management,NEA PartnersInternetInternet Software&ServicesMonitoring&Security13.6%2Brenig Therapeutics$65MSeries A2024-07-23N/ANew Enterprise Associa

201、tes,BioGeneration Ventures,OrbiMed Advisors,Torrey Pines InvestmentHealthcareDrug DevelopmentN/A12.6%3Smartcat$43MSeries C2024-09-10N/A Left Lane Capital,Lead Edge CapitalInternetE-CommerceMarketplace8.3%4Faye$31MSeries B2024-07-30N/APortage,F2 Venture Capital,Munich Re Ventures,Viola Ventures,Lumir

202、 VenturesMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance6.0%5Seed Therapeutics$24MSeries A2024-08-06N/A EisaiHealthcareBiotechnologyN/A4.6%Raleigh135Quarterly funding&deals136State of Venture|Geographic Trends|Raleigh$0.1B$0.5B$2.1B$0.3B$0.5B$1.3B$0.8B$0.8B$0.4B$2.3B$0.4B$0.2B$0.

203、2B$0.3B$0.3B$0.1B$1.7B$0.4BFunding$0.3B383627334549414748425037385346142223Deals30010203040506070$0.0B$0.5B$1.0B$1.5B$2.0B$2.5BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage137State of Venture|Geographic Trends|Raleigh59%62%61%65%Early-stage,51%11%9%1

204、1%9%Mid-stage,17%7%8%7%10%Late-stage,7%23%21%21%16%Other,25%20202021202220232024YTDRaleigh:Top equity deals in Q324138State of Venture|Geographic Trends|RaleighCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Pathalys Pharma$105MSeries B2024-08-20

205、N/ATCG Crossover,Catalys Pacific Fund,DaVita Venture Group,J.P.Morgan Chase,Japan Post InvestmentHealthcareDrug DiscoveryN/A36.4%2Humaneva$50MUndisclosed2024-09-25N/A Viking Global InvestorsHealthcareMedical Facilities&ServicesMedical Laboratories&Research17.4%3Pairwise$40MSeries C2024-09-17N/ADeerf

206、ield Management,Aliment Capital,Leaps by Bayer,Corteva AgriscienceHealthcareBiotechnologyN/A13.9%4Lindy Biosciences$20MSeries B2024-08-30N/A NovartisHealthcareBiotechnologyN/A6.9%5Levitate$15MSeries D2024-08-08N/ABull City Venture Partners,Harbert Growth Partners,Northwestern Mutual Future VenturesI

207、nternetInternet Software&ServicesAdvertising,Sales&Marketing5.2%Canada Trends139Quarterly funding&deals140State of Venture|Geographic Trends|Canada Trends$0.8B$0.9B$0.8B$0.5B$2.0B$4.1B$2.9B$2.5B$4.4B$2.1B$1.0B$2.0B$1.5B$2.1B$1.1B$1.2B$0.8B$1.4BFunding$1.7B22219920017829526428327334424720722422319117

208、2171145169Deals112050100150200250300350400450$0.0B$0.5B$1.0B$1.5B$2.0B$2.5B$3.0B$3.5B$4.0B$4.5B$5.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage141State of Venture|Geographic Trends|Canada Trends65%69%75%71%Early-stage,71%7%8%7%10%Mid-stage,8%8%11%7

209、%6%Late-stage,10%19%12%11%13%Other,10%20202021202220232024YTDCanada:Top equity deals in Q324142State of Venture|Geographic Trends|Canada TrendsCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Clio$900MSeries F2024-07-23$3.0BNew Enterprise Associat

210、es,JMI Equity,OMERS Private Equity,Technology Crossover VenturesInternetInternet Software&ServicesLegal51.7%2Borealis Biosciences$150MSeries A2024-08-22N/A Novartis,Versant VenturesHealthcareBiotechnologyN/A8.6%3Cyclic Materials$53MSeries B2024-09-25N/AArcTern Ventures,BMW i Ventures,Energy Impact P

211、artners,Fifth Wall,Microsoft Climate Innovation FundMetals&MiningPrecious MetalsN/A3.0%4Cohere$50MSeries D2024-07-16$5.5BPublic Sector Pension Investment Board,Cisco,NVIDIA,Oracle,Salesforce VenturesInternetInternet Software&ServicesApplication&Data Integration2.9%5Nomic Bio$42MSeries B2024-09-17N/A

212、 Lux Capital,SR One,Amplitude Ventures,Avant BioHealthcareBiotechnologyN/A2.4%6Planned$35MSeries B2024-07-18N/A Drive Capital,Outsider CapitalInternetInternet Software&ServicesCollaboration&Project Management2.0%7Spare Labs$31MSeries B2024-09-10N/A Inovia Capital,Kensington Capital,Nicola WealthInte

213、rnetInternet Software&ServicesSupply Chain&Logistics1.8%8Motion$30MSeries B2024-09-19N/AInovia Capital,Threshold Ventures,Abstract Ventures,Headline,Sugar CapitalInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt1.7%9Radiant Biotherapeutics$26MSeries A2024-09-11N/AAmp

214、litude Ventures,Bill&Melinda Gates Foundation,Alexandria Venture Investments,Fight Against Cancer Innovation Trust,Toronto Innovation Acceleration PartnersHealthcareBiotechnologyN/A1.5%10Synex Medical$22MSeries A2024-09-22N/A Accomplice,Radical Ventures,Fundomo,Khosla VenturesHealthcareMedical Devic

215、es&EquipmentPatient Monitoring1.3%Quarterly exits143State of Venture|Geographic Trends|Canada Trends242IPO,159668163M&A,552SPAC,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Canada:Top investors by company count in Q324144State of Venture|Geographic Trends|Canada TrendsInvestorCompany C

216、ount Investor Group1BDC Capital7VC1Inovia Capital7VC3Diagram Ventures5VC3Lightspeed5Corp3Radical Ventures5VC6Graphite Ventures4VC6Panache Ventures4VC6Round13 Capital4VCToronto145Quarterly funding&deals146State of Venture|Geographic Trends|Toronto$0.2B$0.1B$0.2B$0.2B$0.6B$1.5B$1.2B$0.7B$1.8B$0.6B$0.2

217、B$0.6B$0.4B$0.9B$0.4B$0.3B$0.4B$0.9BFunding$0.3B80586460109999988128886567667568545153Deals39020406080100120140$0.0B$0.2B$0.4B$0.6B$0.8B$1.0B$1.2B$1.4B$1.6B$1.8B$2.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage147State of Venture|Geographic Trends|T

218、oronto78%76%79%76%Early-stage,71%6%8%7%11%Mid-stage,10%9%5%Late-stage,8%11%8%9%8%Other,10%20202021202220232024YTDToronto:Top equity deals in Q324148State of Venture|Geographic Trends|TorontoCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Cyclic M

219、aterials$53MSeries B2024-09-25N/AArcTern Ventures,BMW i Ventures,Energy Impact Partners,Fifth Wall,Microsoft Climate Innovation FundMetals&MiningPrecious MetalsN/A18.3%2Cohere$50MSeries D2024-07-16$5.5BPublic Sector Pension Investment Board,Cisco,NVIDIA,Oracle,Salesforce VenturesInternetInternet Sof

220、tware&ServicesApplication&Data Integration17.3%3Motion$30MSeries B2024-09-19N/AInovia Capital,Threshold Ventures,Abstract Ventures,Headline,Sugar CapitalInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt10.4%4Radiant Biotherapeutics$26MSeries A2024-09-11N/AAmplitude V

221、entures,Bill&Melinda Gates Foundation,Alexandria Venture Investments,Fight Against Cancer Innovation Trust,Toronto Innovation Acceleration PartnersHealthcareBiotechnologyN/A8.9%5Synex Medical$22MSeries A2024-09-22N/AAccomplice,Radical Ventures,Fundomo,Khosla VenturesHealthcareMedical Devices&Equipme

222、ntPatient Monitoring7.5%Asia Trends149Quarterly funding&deals150State of Venture|Geographic Trends|Asia Trends$17.0B$15.3B$24.8B$32.8B$36.5B$37.8B$51.0B$53.0B$36.1B$29.2B$24.3B$16.6B$12.7B$14.6B$16.3B$13.0B$11.3B$10.6BFunding$10.5B2,2422,3102,7402,9463,2193,3394,4714,0754,4964,0373,6033,1302,7582,23

223、12,1682,2382,1521,927Deals1,89601,0002,0003,0004,0005,000$0.0B$10.0B$20.0B$30.0B$40.0B$50.0B$60.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage151State of Venture|Geographic Trends|Asia Trends65%68%73%72%Early-stage,70%16%16%15%14%Mid-stage,13%12%11%

224、9%9%Late-stage,11%7%6%Other,6%20202021202220232024YTDAsia:Top equity deals in Q324152State of Venture|Geographic Trends|Asia TrendsCompanyRound AmountRoundDateRound ValuationSelect InvestorsCountrySectorIndustrySubindustry%of Total Funding1Baichuan AI$688MSeries A2024-07-25$2.8BAlibaba Cloud,Tencent

225、,Xiaomi,Asia Investment CapitalChinaMobile&TelecommunicationsMobile Software&ServicesScience&Engineering6.5%2Vastu Housing Finance$400MSeries D2024-07-11$1.2BTA Associates,International Finance CorporationIndiaFinanceLendingConsumer3.8%3Brands For Less$360MCorporate Minority2024-08-21$1.2B The TJX C

226、ompaniesUnited Arab EmiratesInternetE-CommerceDiscount3.4%4Zepto$340MSeries G2024-08-13$4.9BGeneral Catalyst,Mars Growth Capital,DST Global,Lightspeed Venture Partners,ContraryIndiaInternetE-CommerceFood&Grocery3.2%5DMI Finance$334MUndisclosed2024-08-22$3.0B Bank of Tokyo-Mitsubishi UFJIndiaMobile&T

227、elecommunicationsMobile Software&ServicesAccounting&Finance3.2%6Moonshot AI$300MSeries B2024-08-05$3.3B Alibaba Cloud,Gaorong Capital,TencentChinaMobile&TelecommunicationsMobile Software&ServicesScience&Engineering2.9%7Fourth Partner Energy$275MUndisclosed2024-08-06N/AInternational Finance Corporati

228、on,DEG,Asian Development BankIndiaEnergy&UtilitiesRenewablesSolar2.6%8PhysicsWallah$210MSeries B2024-09-20$2.8BHornbill Capital,Lightspeed Venture Partners,GSV Ventures,Westbridge CapitalIndiaInternetInternet Software&ServicesEducation&Training2.0%9Rapido$200MSeries E2024-07-29$1.1BWestBridge Capita

229、l,Nexus Venture Partners,Invus Group,Think InvestmentsIndiaMobile&TelecommunicationsMobile CommerceTravel(mobile)1.9%9Windrose$200MSeries C2024-07-23N/ASFPIM,FountainVest Partners,GSR Ventures,Goodman,HSBCChinaAutomotive&TransportationAutomobile ManufacturingN/A1.9%Quarterly exits153State of Venture

230、|Geographic Trends|Asia Trends94744548IPO,45249292240234M&A,2665432SPAC,2Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Asia:Top investors by company count in Q324154State of Venture|Geographic Trends|Asia TrendsInvestorCompany Count Investor GroupCountry1Antler35VCSingapore2Mitsubishi UF

231、J Capital28CVCJapan3SMBC Venture Capital20CVCJapan4Global Brain17VCJapan5Shenzhen Capital Group16VCChina6Qiming Venture Partners13VCChina7Incubate Fund12VCJapan7Peak XV Partners12VCIndia9East Ventures10VCSingapore9JAFCO10VCJapan9Merry Year Social Company10CorpSouth Korea9Spiral Ventures10VCSingapore

232、China155Quarterly funding&deals156State of Venture|Geographic Trends|China$8.3B$8.7B$17.8B$24.9B$25.6B$18.7B$27.5B$28.1B$14.3B$11.5B$14.6B$7.7B$6.3B$7.6B$8.8B$5.8B$5.4B$2.1BFunding$3.2B9461,2021,5001,7031,6941,6812,6111,9202,1021,9791,7171,6631,335832843821758681Deals60105001,0001,5002,0002,500$0.0B

233、$5.0B$10.0B$15.0B$20.0B$25.0B$30.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage157State of Venture|Geographic Trends|China56%62%72%68%Early-stage,67%21%22%20%22%Mid-stage,19%13%11%7%7%Late-stage,8%10%Other,6%20202021202220232024YTDChina:Top equity d

234、eals in Q324158State of Venture|Geographic Trends|ChinaCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Baichuan AI$688MSeries A2024-07-25$2.8BAlibaba Cloud,Tencent,Xiaomi,Asia Investment CapitalMobile&TelecommunicationsMobile Software&ServicesSci

235、ence&Engineering21.8%2Moonshot AI$300MSeries B2024-08-05$3.3B Alibaba Cloud,Gaorong Capital,TencentMobile&TelecommunicationsMobile Software&ServicesScience&Engineering9.5%3Windrose$200MSeries C2024-07-23N/ASFPIM,FountainVest Partners,GSR Ventures,Goodman,HSBCAutomotive&TransportationAutomobile Manuf

236、acturingN/A6.3%4SemiDrive$138MSeries B2024-07-14$1.9BBeijing Economic-Technological Development Area,Peoples Government of Beijing MunicipalityElectronicsChips&SemiconductorsSemiconductors:Analog Chips4.4%4ZENERGY$138MSeries B2024-07-30N/A Xinzhongyuan Venture CapitalEnergy&UtilitiesEnergy StorageN/

237、A4.4%India159Quarterly funding&deals160State of Venture|Geographic Trends|India$3.8B$1.1B$3.2B$3.1B$4.2B$6.2B$9.6B$10.5B$8.2B$7.0B$2.8B$2.8B$2.1B$1.9B$1.9B$2.1B$1.7B$3.1BFunding$4.0B341236315319383380580576650483431358360298269287319322Deals2980100200300400500600700800$0.0B$2.0B$4.0B$6.0B$8.0B$10.0B

238、Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage161State of Venture|Geographic Trends|India73%76%77%80%Early-stage,75%11%9%8%6%Mid-stage,10%12%12%11%9%Late-stage,12%6%Other,3%20202021202220232024YTDIndia:Top equity deals in Q324162State of Venture|Geogr

239、aphic Trends|IndiaCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Vastu Housing Finance$400MSeries D2024-07-11$1.2B TA Associates,International Finance CorporationFinanceLendingConsumer10.1%2Zepto$340MSeries G2024-08-13$4.9BGeneral Catalyst,Mars

240、Growth Capital,DST Global,Lightspeed Venture Partners,ContraryInternetE-CommerceFood&Grocery8.6%3DMI Finance$334MUndisclosed2024-08-22$3.0B Bank of Tokyo-Mitsubishi UFJMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance8.4%4Fourth Partner Energy$275MUndisclosed2024-08-06N/AInternatio

241、nal Finance Corporation,DEG,Asian Development BankEnergy&UtilitiesRenewablesSolar6.9%5PhysicsWallah$210MSeries B2024-09-20$2.8BHornbill Capital,Lightspeed Venture Partners,GSV Ventures,Westbridge CapitalInternetInternet Software&ServicesEducation&Training5.3%Singapore163Quarterly funding&deals164Sta

242、te of Venture|Geographic Trends|Singapore$1.4B$1.0B$0.8B$0.8B$0.7B$2.8B$3.1B$2.5B$2.8B$2.4B$0.9B$1.4B$1.2B$0.9B$1.1B$0.7B$0.5B$0.8BFunding$0.5B10897117114166156171203242179169130153148118128143116Deals90050100150200250$0.0B$0.5B$1.0B$1.5B$2.0B$2.5B$3.0B$3.5BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020

243、2021202220232024Annual percent of deals by deal stage165State of Venture|Geographic Trends|Singapore82%81%84%81%Early-stage,86%6%9%7%7%Mid-stage,5%7%6%7%6%Late-stage,6%5%6%Other,3%20202021202220232024YTDSingapore:Top equity deals in Q324166State of Venture|Geographic Trends|SingaporeCompanyRound Amo

244、untRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Hi-P International$74MUndisclosed2024-07-08N/A 65 Equity PartnersIndustrialsManufacturingMachine Tools&Accessories Manufacturing15.9%2Partior$60MSeries B2024-07-12N/APeak XV Partners,DBS Bank,Standard Chartered,Tem

245、asek,J.P.MorganInternetInternet Software&ServicesPayments12.9%3SDAX$50MSeries B2024-09-10N/A Muscat Precious Metals RefiningInternetInternet Software&ServicesAsset&Financial Management&Trading10.7%4WSPN$30MSeed VC2024-08-16N/AFolius Ventures,Foresight Ventures,Generative Ventures,Hash Global,Redpoin

246、t Ventures ChinaInternetInternet Software&ServicesAsset&Financial Management&Trading6.4%5Syfe$27MSeries C2024-08-13N/A Unbound,Valar VenturesInternetInternet Software&ServicesAsset&Financial Management&Trading5.8%Japan167Quarterly funding&deals168State of Venture|Geographic Trends|Japan$0.9B$1.0B$0.

247、9B$0.8B$1.8B$1.7B$1.6B$1.2B$1.2B$1.2B$1.3B$0.8B$0.9B$0.8B$0.9B$0.8B$0.6B$0.9BFunding$1.0B260271261188225260248344359383402316320358352371341323Deals372050100150200250300350400450500$0.0B$0.2B$0.4B$0.6B$0.8B$1.0B$1.2B$1.4B$1.6B$1.8B$2.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual

248、 percent of deals by deal stage169State of Venture|Geographic Trends|Japan55%60%59%58%Early-stage,58%18%15%15%14%Mid-stage,13%21%17%17%20%Late-stage,20%6%8%9%8%Other,8%20202021202220232024YTDJapan:Top equity deals in Q324170State of Venture|Geographic Trends|JapanCompanyRound AmountRoundDateRound Va

249、luationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Rapidus$175MSeries B2024-09-26N/ABank of Tokyo-Mitsubishi UFJ,Mizuho Bank,Sumitomo Mitsui BankingElectronicsChips&SemiconductorsSemiconductors18.2%2newmo$63MSeries A2024-07-09N/A Undisclosed InvestorsMobile&TelecommunicationsMobile So

250、ftware&ServicesTravel6.6%3Dinii$47MSeries B2024-09-25N/ABessemer Venture Partners,Hillhouse Capital Management,Flight Deck,Thrive CapitalInternetE-CommerceFood&Grocery4.9%3Loglass$47MSeries B2024-07-31N/AALL STAR SAAS FUND,Sequoia Heritage,Mizuho Capital,Spiral Ventures,MIT Investment Management Co.

251、InternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt4.8%5DeCurret$45MSeries A2024-09-12N/AABeam Consulting,Fujitsu,GMO Financial Holdings,Hitachi,Internet Initiative JapanInternetInternet Software&ServicesAsset&Financial Management&Trading4.7%Europe Trends171Quarterly f

252、unding&deals172State of Venture|Geographic Trends|Europe Trends$10.4B$9.6B$11.9B$13.5B$24.3B$31.5B$27.2B$26.8B$32.5B$27.0B$18.9B$13.3B$12.4B$11.8B$15.1B$12.4B$12.5B$14.0BFunding$11.0B1,9481,6451,6331,9142,5012,3352,0632,3682,9932,4752,1792,1882,3341,9581,7741,7961,7581,689Deals1,48705001,0001,5002,0

253、002,5003,000$0.0B$5.0B$10.0B$15.0B$20.0B$25.0B$30.0B$35.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage173State of Venture|Geographic Trends|Europe Trends72%72%75%75%Early-stage,74%8%9%7%7%Mid-stage,8%11%11%10%9%Late-stage,9%9%8%8%9%Other,9%202020212

254、02220232024YTDEurope:Top equity deals in Q324174State of Venture|Geographic Trends|Europe TrendsCompanyRound AmountRoundDateRound ValuationSelect InvestorsCountrySectorIndustrySubindustry%of Total Funding1Helsing$488MSeries C2024-07-11$5.4BGeneral Catalyst,Accel,Lightspeed Venture Partners,Saab,Gree

255、noaksGermanyInternetInternet Software&ServicesApplication&Data Integration4.4%2Magic$320MSeries B2024-08-29N/A Sequoia Capital,CapitalG,Elad Gil,AtlassianAustriaInternetInternet Software&ServicesOperating Systems&Utility2.9%3EGYM$200MSeries G2024-09-24$1.2B L Catterton,Meritech Capital PartnersGerma

256、nyInternetInternet Software&ServicesHealth&Wellness1.8%3Flo Health$200MSeries C2024-07-30$1.0B General AtlanticUnited KingdomMobile&TelecommunicationsMobile Software&ServicesHealth&Wellness1.8%5Alan$193MSeries F2024-09-20$4.5BBelfius Bank,Coatue,Lakestar,Ontario Teachers,TemasekFranceMobile&Telecomm

257、unicationsMobile Software&ServicesAccounting&Finance1.8%6TechMet$180MSeries B2024-08-07N/A Qatar Investment AuthorityIrelandFinanceAsset/Financial ManagementN/A1.6%7newcleo$151MSeries A2024-09-30N/A Stefano Buono,LiftT,Agnelli Family,AzimutUnited KingdomEnergy&UtilitiesElectricNuclear1.4%8CatalYm$15

258、0MSeries D2024-07-15N/ABioqube Ventures,Canaan Partners,Brandon Capital,Forbion,Jeito CapitalGermanyHealthcareBiotechnologyN/A1.4%9F1 Arcade$130MGrowth Equity2024-07-11N/ALiberty Media,Cheyne Capital Management,OakNorth Bank,Permira CreditUnited KingdomLeisureEntertainmentN/A1.2%10QX Global Group$12

259、8MPrivate Equity2024-07-10N/A Long Ridge Equity PartnersUnited KingdomInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt1.2%Quarterly exits175State of Venture|Geographic Trends|Europe Trends12131011IPO,13773881898812M&A,843122SPAC,3Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2

260、Q320202021202220232024Europe:Top investors by company count in Q324176State of Venture|Geographic Trends|Europe TrendsInvestorCompany Count Investor GroupCountry1Bpifrance20Asset/investment managementFrance2BGF15VCUnited Kingdom3High-Tech Grunderfonds13VCGermany3Index Ventures13VCUnited Kingdom5Bina

261、nce Labs12CVCMalta6Mercia Ventures11VCUnited Kingdom7CDP Venture Capital10VCItaly8Kunal Shah9AngelUnited KingdomUnited Kingdom177Quarterly funding&deals178State of Venture|Geographic Trends|United Kingdom$3.4B$2.9B$3.6B$4.3B$7.2B$7.6B$8.8B$8.0B$11.7B$7.4B$4.4B$3.8B$3.0B$3.4B$3.2B$3.9B$3.1B$4.9BFundi

262、ng$3.1B506404426499692598567597815639549555547491493405457437Deals3570100200300400500600700800$0.0B$2.0B$4.0B$6.0B$8.0B$10.0B$12.0B$14.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage179State of Venture|Geographic Trends|United Kingdom69%72%74%73%Earl

263、y-stage,70%8%8%7%7%Mid-stage,8%12%13%10%10%Late-stage,12%11%8%9%10%Other,11%20202021202220232024YTDUnited Kingdom:Top equity deals in Q324180State of Venture|Geographic Trends|United KingdomCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Flo Heal

264、th$200MSeries C2024-07-30$1.0B General AtlanticMobile&TelecommunicationsMobile Software&ServicesHealth&Wellness6.4%2newcleo$151MSeries A2024-09-30N/A Stefano Buono,LiftT,Agnelli Family,AzimutEnergy&UtilitiesElectricNuclear4.8%3F1 Arcade$130MGrowth Equity2024-07-11N/ALiberty Media,Cheyne Capital Mana

265、gement,OakNorth Bank,Permira CreditLeisureEntertainmentN/A4.1%4QX Global Group$128MPrivate Equity2024-07-10N/A Long Ridge Equity PartnersInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt4.1%5CloudPay$120MSeries G2024-08-08N/ABlue Owl Capital,Olayan Group,Rho Capital

266、Partners,Hollyport CapitalInternetInternet Software&ServicesHR&Workforce Management3.8%Germany181Quarterly funding&deals182State of Venture|Geographic Trends|Germany$1.2B$1.4B$1.6B$1.9B$3.0B$4.5B$3.2B$6.0B$2.8B$3.6B$1.4B$1.6B$2.0B$2.1B$1.4B$1.8B$1.7B$1.6BFunding$2.2B202166174205301233237273320261261

267、227251235217215192164Deals188050100150200250300$0.0B$1.0B$2.0B$3.0B$4.0B$5.0B$6.0B$7.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage183State of Venture|Geographic Trends|Germany69%71%77%80%Early-stage,76%12%13%8%7%Mid-stage,9%13%13%11%9%Late-stage,10

268、%6%Other,5%20202021202220232024YTDGermany:Top equity deals in Q324184State of Venture|Geographic Trends|GermanyCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Helsing$488MSeries C2024-07-11$5.4BGeneral Catalyst,Accel,Lightspeed Venture Partners,S

269、aab,GreenoaksInternetInternet Software&ServicesApplication&Data Integration21.8%2EGYM$200MSeries G2024-09-24$1.2B L Catterton,Meritech Capital PartnersInternetInternet Software&ServicesHealth&Wellness8.9%3CatalYm$150MSeries D2024-07-15N/ABioqube Ventures,Canaan Partners,Brandon Capital,Forbion,Jeito

270、 CapitalHealthcareBiotechnologyN/A6.7%4osapiens$120MSeries B2024-07-29N/A Goldman Sachs Growth EquityInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt5.4%5Flink$115MSeries E2024-09-17N/ABond,Cherry Ventures,Northzone,REWE Group,MubadalaMobile&TelecommunicationsMobile

271、 CommerceFood&Grocery5.1%France185Quarterly funding&deals186State of Venture|Geographic Trends|France$1.5B$1.2B$1.2B$1.3B$2.8B$3.9B$3.9B$2.6B$5.0B$3.7B$2.3B$1.9B$2.0B$1.8B$2.6B$1.9B$1.8B$2.4BFunding$1.0B232195159183267264206271340311216265278268205252214223Deals172050100150200250300350400450$0.0B$1.

272、0B$2.0B$3.0B$4.0B$5.0B$6.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage187State of Venture|Geographic Trends|France72%71%73%73%Early-stage,72%8%7%7%8%Mid-stage,8%10%12%12%9%Late-stage,12%10%11%8%9%Other,8%20202021202220232024YTDFrance:Top equity dea

273、ls in Q324188State of Venture|Geographic Trends|FranceCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Alan$193MSeries F2024-09-20$4.5BBelfius Bank,Coatue,Lakestar,Ontario Teachers,TemasekMobile&TelecommunicationsMobile Software&ServicesAccounting

274、&Finance18.4%2Akur8$120MSeries C2024-09-16N/A One Peak Partners,Guidewire Software,Partners GroupInternetInternet Software&ServicesAccounting&Finance11.4%3TriCares$50MSeries D2024-07-25N/A Undisclosed InvestorsHealthcareMedical Devices&EquipmentTherapeutic Devices4.8%4Abolis$39MSeries A2024-09-12N/A

275、Clay Capital,DeepTech&Climate Fonds,Evonik Venture Capital,Icos Capital,LOreal BOLDIndustrialsBasic MaterialsN/A3.7%5Calyxia$35MSeries B2024-09-05N/A Lombard Odier Investment Manager,Astanor,BpifranceHealthcareBiotechnologyN/A3.3%Israel189Quarterly funding&deals190State of Venture|Geographic Trends|

276、Israel$0.8B$1.0B$1.0B$1.3B$1.9B$2.1B$2.2B$3.4B$2.9B$2.4B$2.1B$1.0B$1.0B$0.9B$1.3B$0.5B$0.7B$0.9BFunding$0.9B10910895109142128961601881431221041319687626259Deals71020406080100120140160180$0.0B$0.5B$1.0B$1.5B$2.0B$2.5B$3.0B$3.5B$4.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual perc

277、ent of deals by deal stage191State of Venture|Geographic Trends|Israel67%64%73%78%Early-stage,79%19%21%15%14%Mid-stage,10%9%9%9%7%Late-stage,6%6%Other,5%20202021202220232024YTDIsrael:Top equity deals in Q324192State of Venture|Geographic Trends|IsraelCompanyRound AmountRoundDateRound ValuationSelect

278、 InvestorsSectorIndustrySubindustry%of Total Funding1Magenta Medical$105MSeries D2024-07-23N/ANovo Holdings,New Enterprise Associates,Alive Israel HealthTech Fund,JVC Investment Partners,OrbiMed AdvisorsHealthcareMedical Devices&EquipmentSurgical Devices11.7%2CTERA$80MSeries E2024-07-17N/APSG,Bessem

279、er Venture Partners,Red Dot Capital Partners,BenchmarkInternetInternet Software&ServicesData&Document Management8.9%2CytoReason$80MSeries A2024-07-17N/A OurCrowd,Pfizer,NVIDIA,Thermo Fisher ScientificInternetInternet Software&ServicesHealthcare8.9%4Torq$70MSeries C2024-09-24N/AEvolution Equity Partn

280、ers,Bessemer Venture Partners,Greenfield Partners,Notable Capital,Strait Capital Investment GroupInternetInternet Software&ServicesMonitoring&Security7.8%5ceti$60MCorporate Minority2024-07-22N/A BCII EnterprisesInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt6.7%Net

281、herlands193Quarterly funding&deals194State of Venture|Geographic Trends|Netherlands$0.3B$0.2B$0.6B$0.7B$1.1B$2.4B$2.3B$0.9B$0.9B$1.6B$0.5B$0.6B$0.6B$0.3B$0.5B$0.9B$1.1B$0.4BFunding$0.3B84646665108101103106142134121112119114102140113106Deals78020406080100120140160180$0.0B$0.5B$1.0B$1.5B$2.0B$2.5BQ1Q2

282、Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage195State of Venture|Geographic Trends|Netherlands66%64%73%77%Early-stage,81%11%11%6%5%Mid-stage,6%9%13%10%8%Late-stage,6%14%12%11%9%Other,7%20202021202220232024YTDNetherlands:Top equity deals in Q324196State o

283、f Venture|Geographic Trends|NetherlandsCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Payt$60MVenture Capital2024-07-25N/A PartechInternetInternet Software&ServicesAccounting&Finance18.2%2Avidicure$40MSeries A2024-07-31N/AEQT Life Sciences,Braba

284、nt Development Agency,Curie Capital,MaasInvestHealthcareMedical Facilities&ServicesSpecialized Healthcare Services12.2%3Battolyser Systems$33MSeries A2024-09-12N/AGlobal Cleantech Capital,Innovation Industries,Invest-NLEnergy&UtilitiesRenewablesHydrogen/Fuel Cell10.1%4Quatt$27MSeries A2024-07-17N/AB

285、lue Earth Capital,Impact Equity Fund,Seaya VenturesConsumer Products&ServicesConsumer ElectronicsN/A8.4%5LiquidStack$20MSeries B2024-09-19N/A Tiger Global ManagementComputer Hardware&ServicesComputer Product Distribution&Support ServicesN/A6.1%Sweden197Quarterly funding&deals198State of Venture|Geog

286、raphic Trends|Sweden$0.8B$0.3B$1.5B$0.5B$2.7B$4.6B$0.8B$0.7B$0.8B$1.3B$2.4B$0.6B$0.3B$0.4B$3.4B$0.4B$0.5B$0.4BFunding$0.4B140103881131641761551241431381271241097967627277Deals73050100150200$0.0B$0.5B$1.0B$1.5B$2.0B$2.5B$3.0B$3.5B$4.0B$4.5B$5.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3202020212022202320

287、24Annual percent of deals by deal stage199State of Venture|Geographic Trends|Sweden74%67%73%68%Early-stage,68%7%11%9%9%Mid-stage,11%8%8%7%9%Late-stage,7%11%13%11%14%Other,14%20202021202220232024YTDSweden:Top equity deals in Q324200State of Venture|Geographic Trends|SwedenCompanyRound AmountRoundDate

288、Round Valuation Select InvestorsSectorIndustrySubindustry%of Total Funding1Baseload Capital$59MSeries B2024-09-04N/ABreakthrough Energy,Gullspang Invest,Baker Hughes,INGKA Investments,NefcoFinanceInvestment Firms&FundsN/A15.8%2SmartCella$54MPrivate Equity2024-07-08$596MAstraZeneca,AMF,Fjarde AP-fond

289、en,SEB Group,HandelsbankenHealthcareBiotechnologyN/A14.6%3evroc$47MSeries A2024-08-22$169M EQT Ventures,Norrsken VC,blisce/InternetInternet Software&ServicesData Storage12.6%4Flower$28MSeries A2024-08-14$134M 82an Invest,NorthzoneEnergy&UtilitiesRenewablesN/A7.5%5Leya$25MSeries A2024-07-17N/ARedpoin

290、t Ventures,Y Combinator,Alt Capital,Benchmark,Wayfinder VenturesInternetInternet Software&ServicesLegal6.8%LatAm Trends201Quarterly funding&deals202State of Venture|Geographic Trends|LatAm Trends$0.8B$1.2B$1.7B$2.0B$2.4B$7.1B$5.7B$3.8B$2.7B$2.3B$1.2B$1.3B$0.7B$0.6B$1.3B$0.9B$0.6B$0.9BFunding$0.8B239

291、151215213347271378369477353342314301241216195153164Deals1850100200300400500600700$0.0B$1.0B$2.0B$3.0B$4.0B$5.0B$6.0B$7.0B$8.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage203State of Venture|Geographic Trends|LatAm Trends81%78%82%84%Early-stage,80%8%

292、Mid-stage,5%7%9%7%5%Late-stage,7%7%6%7%8%Other,8%20202021202220232024YTDLatAm:Top equity deals in Q324204State of Venture|Geographic Trends|LatAm TrendsCompanyRound AmountRoundDateRound ValuationSelect InvestorsCountrySectorIndustrySubindustry%of Total Funding1Stori$105MPrivate Equity2024-08-06N/ABA

293、I Capital,Notable Capital,General Catalyst,Lightspeed Venture Partners,GICMexicoMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance13.1%2Cayena$55MSeries B2024-09-18N/ABicycle Capital,FEMSA Ventures,Picus Capital,Canary,Globo VenturesBrazilInternetE-CommerceB2B Commerce6.9%2ROCK$55MS

294、eries A2024-09-18N/A HindianaBrazilInternetInternet Software&ServicesCustomer Relationship Management6.9%4Credlix$50MCorporate Minority2024-09-12N/A MoglixMexicoInternetInternet Software&ServicesAccounting&Finance6.3%5Neon$37MSeries E2024-08-01N/A Undisclosed InvestorsBrazilMobile&Telecommunications

295、Mobile Software&ServicesPayments4.6%6Bayport Colombia$30MPrivate Equity2024-08-12N/A Cerberus Capital ManagementColombiaFinanceLendingConsumer3.8%6Carolo$30MPrivate Equity2024-07-31N/A Kans CapitalMexicoLeisureRestaurantsCasual Dining3.8%8Cobre$27MSeries C2024-09-06N/A QED InvestorsColombiaMobile&Te

296、lecommunicationsMobile Software&ServicesPayments3.4%9Wild Foods$25MSeries A2024-08-08N/A Glisco Partners,30N VenturesChileInternetE-CommerceFood&Grocery3.1%10NetLex$24MSeries B2024-07-17N/A Riverwood CapitalBrazilInternetInternet Software&ServicesLegal3.0%Quarterly exits205State of Venture|Geographi

297、c Trends|LatAm Trends11IPO,081697371M&A,66SPAC,0Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024LatAm:Top investors by company count in Q324206State of Venture|Geographic Trends|LatAm TrendsInvestorCompany Count Investor GroupCountry1Bossa Invest17VCBrazil2DOMO.VC5VCBrazil2Proeza Ventures5

298、VCMexico4Anjos do Brasil4AngelBrazil4Carao Ventures4VCCosta Rica4GVAngels4AngelBrazilMexico207Quarterly funding&deals208State of Venture|Geographic Trends|Mexico$178M$129M$338M$664M$228M$1,423M$2,082M$664M$308M$665M$292M$153M$98M$86M$375M$136M$48M$227MFunding$256M422032206536796283546971503742281924

299、Deals220102030405060708090$0M$500M$1,000M$1,500M$2,000M$2,500MQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage209State of Venture|Geographic Trends|Mexico85%83%88%90%Early-stage,80%7%7%5%Mid-stage,6%8%Late-stage,6%6%Other,8%20202021202220232024YTDMexico

300、:Top equity deals in Q324210State of Venture|Geographic Trends|MexicoCompanyRound AmountRoundDateRound Valuation Select InvestorsSectorIndustrySubindustry%of Total Funding1Stori$105MPrivate Equity2024-08-06N/ABAI Capital,Notable Capital,General Catalyst,Lightspeed Venture Partners,GICMobile&Telecomm

301、unicationsMobile Software&ServicesAccounting&Finance40.9%2Credlix$50MCorporate Minority2024-09-12N/A MoglixInternetInternet Software&ServicesAccounting&Finance19.5%3Carolo$30MPrivate Equity2024-07-31N/A Kans CapitalLeisureRestaurantsCasual Dining11.7%4Finkargo$20MSeries A2024-09-13N/AQED Investors,F

302、lybridge Capital Partners,NAZCA,ONEVC,Quona CapitalInternetInternet Software&ServicesSupply Chain&Logistics7.8%5AltScore$9MSeries A2024-09-05N/AHaymaker Ventures,BuenTrip Ventures,Caffeinated Capital,Far Out Ventures,Kamay VenturesInternetInternet Software&ServicesAccounting&Finance3.3%Brazil211Quar

303、terly funding&deals212State of Venture|Geographic Trends|Brazil$0.5B$1.0B$1.0B$1.2B$2.1B$4.9B$2.6B$2.4B$1.6B$0.9B$0.7B$0.6B$0.4B$0.4B$0.7B$0.6B$0.2B$0.5BFunding$0.4B139951321431931782162222491891831561671291261018797Deals105050100150200250300350$0.0B$1.0B$2.0B$3.0B$4.0B$5.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q

304、1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage213State of Venture|Geographic Trends|Brazil79%75%77%81%Early-stage,78%8%Mid-stage,6%9%11%11%6%Late-stage,8%7%7%7%9%Other,8%20202021202220232024YTDBrazil:Top equity deals in Q324214State of Venture|Geographic Trends|BrazilCompanyR

305、ound AmountRoundDateRound Valuation Select InvestorsSectorIndustrySubindustry%of Total Funding1Cayena$55MSeries B2024-09-18N/ABicycle Capital,FEMSA Ventures,Picus Capital,Canary,Globo VenturesInternetE-CommerceB2B Commerce14.0%1ROCK$55MSeries A2024-09-18N/A HindianaInternetInternet Software&Services

306、Customer Relationship Management14.1%3Neon$37MSeries E2024-08-01N/A Undisclosed InvestorsMobile&TelecommunicationsMobile Software&ServicesPayments9.3%4NetLex$24MSeries B2024-07-17N/A Riverwood CapitalInternetInternet Software&ServicesLegal6.1%5Mevo$20MSeries B2024-09-18N/AMatrix Partners,Floating Po

307、int,IKJ Capital,Jefferson River Capital,Elliot CohenInternetInternet Software&ServicesHealthcare5.1%Chile215Quarterly funding&deals216State of Venture|Geographic Trends|Chile$8M$51M$95M$27M$14M$166M$304M$250M$213M$147M$22M$118M$127M$37M$34M$81M$41M$41MFunding$43M21121218311720333530223227222221722De

308、als29051015202530354045$0M$50M$100M$150M$200M$250M$300M$350MQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage217State of Venture|Geographic Trends|Chile95%82%87%86%Early-stage,88%5%Mid-stage,2%9%Late-stage,2%7%5%Other,9%20202021202220232024YTDChile:Top e

309、quity deals in Q324218State of Venture|Geographic Trends|ChileCompanyRound AmountRoundDateRound ValuationSelect InvestorsSectorIndustrySubindustry%of Total Funding1Wild Foods$25MSeries A2024-08-08N/A Glisco Partners,30N VenturesInternetE-CommerceFood&Grocery58.0%2Botanical Solution$8MSeries A2024-08

310、-20N/A Otter CapitalHealthcareBiotechnologyN/A17.6%3AgendaPro$2MSeries A2024-07-01N/A Kayyak VenturesInternetInternet Software&ServicesPayments3.5%3Floid$2MSeed VC2024-08-01N/AAmarena VC,Banco Santander,Carao Ventures,MastercardInternetInternet Software&ServicesBusiness Intelligence,Analytics&Perfor

311、mance Mgmt3.8%3Perhaps$2MPre-Seed2024-07-15N/ABessemer Venture Partners,Hi VenturesInternetInternet Software&ServicesData&Document Management4.1%3Webdox$2MSeries A2024-09-13N/A Kayyak Ventures,Taram Capital InternetInternet Software&ServicesLegal3.5%3Zapping$2MAngel2024-08-16N/A BrootaInternetIntern

312、et Software&ServicesVideo4.1%Africa Trends219Quarterly funding&deals220State of Venture|Geographic Trends|Africa Trends$0.2B$0.2B$0.2B$0.4B$0.4B$0.2B$1.3B$0.7B$1.0B$0.9B$0.3B$0.9B$0.7B$0.4B$0.5B$0.3B$0.2B$0.2BFunding$0.3B1361191171351661351411742501601601551541261191136893Deals6105010015020025030035

313、0$0.0B$0.2B$0.4B$0.6B$0.8B$1.0B$1.2B$1.4BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage221State of Venture|Geographic Trends|Africa Trends82%88%86%81%Early-stage,82%Mid-stage,2%7%5%5%Late-stage,6%7%7%9%Other,10%20202021202220232024YTDAfrica:Top equity

314、 deals in Q324222State of Venture|Geographic Trends|Africa TrendsCompanyRound AmountRoundDateRound ValuationSelect InvestorsCountrySectorIndustrySubindustry%of Total Funding1MNT Halan$158MSeries E2024-07-20N/AApis Partners,Development Partners International,Lorax Capital,GB Corp,LunateEgyptInternetI

315、nternet Software&ServicesAccounting&Finance53.2%2NALA$40MSeries A2024-07-09N/AAcrew Capital,DST Global,Amplo,HOF Capital,Norrsken22KenyaMobile&TelecommunicationsMobile Software&ServicesPayments13.5%3Paymob$22MSeries B2024-09-11N/AEBRD Venture Capital,A15,British International Investment,FMO,Helios D

316、igital VenturesEgyptInternetInternet Software&ServicesPayments7.4%4dopay$14MSeries A2024-07-16N/A Argentem Creek PartnerEgyptInternetInternet Software&ServicesAccounting&Finance4.6%5Yellow Network$10MSeed VC2024-09-17N/AChris Larsen,Consensys,GSR Ventures,Gate Labs,MATH Venture PartnersSeychellesInt

317、ernetInternet Software&ServicesAsset&Financial Management&Trading3.4%6Omnisient$8MSeries A2024-08-27N/A AriseSouth AfricaInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt2.5%7Cartona$6MSeries A2024-07-30N/A Algebra Ventures,Sanad,Silicon BadiaEgyptInternetE-CommerceB

318、2B Commerce1.9%8Blockscout$3MSeed VC2024-08-07N/A1kx,Gnosis,Primitive Ventures,Alex Svanevik,Anton BukovSeychellesInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt1.0%8ByteFuse$3MCorporate Minority2024-07-12N/A Novus HoldingsSouth AfricaInternetInternet Software&Serv

319、icesBusiness Intelligence,Analytics&Performance Mgmt1.0%8Lucky$3MConvertible Note2024-08-06N/A Disruptech Ventures,Lorax Capital,KemEgyptMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance1.0%8Lucky$3MConvertible Note2024-08-07N/ADisruptech Ventures,Lorax Capital,KEM VenturesEgyptMob

320、ile&TelecommunicationsMobile Software&ServicesAccounting&Finance1.0%8Privamnuts$3MVenture Capital2024-09-16N/A Aavishkaar Capital,Entwicklungsbank KfWKenyaAgricultureAgricultural Products&Related ActivitiesN/A1.0%8Thalex$3MSeries A2024-08-21N/ABitfinex,Bitstamp,Flow Traders,Wintermute,IMCSeychellesI

321、nternetInternet Software&ServicesAsset&Financial Management&Trading1.0%Quarterly exits223State of Venture|Geographic Trends|Africa Trends12IPO,019161814M&A,14Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Africa:Top investors by company count in Q324224State of Venture|Geographic Trends|A

322、frica TrendsInvestorCompany Count Investor GroupCountry1Lorax Capital3Private EquityEgypt1WestBridge Capital3Private EquityMauritius3216 Capital Ventures2VCTunisia3Arche Capital2VCSouth Africa3Disruptech Ventures2VCEgypt3Launch Africa2VCMauritius3LeapFrog Investments2Private EquityMauritius3Nclude2V

323、CEgyptEgypt225Quarterly funding&deals226State of Venture|Geographic Trends|Egypt$69M$24M$7M$13M$117M$80M$257M$83M$178M$103M$58M$130M$280M$6M$10M$21M$13M$23MFunding$209M20242824262928445028272918201311618Deals22010203040506070$0M$50M$100M$150M$200M$250MQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q32020202120

324、2220232024Annual percent of deals by deal stage227State of Venture|Geographic Trends|Egypt88%90%86%82%Early-stage,76%Mid-stage,2%5%7%Late-stage,11%5%10%Other,11%20202021202220232024YTDEgypt:Top equity deals in Q324228State of Venture|Geographic Trends|EgyptCompanyRound AmountRoundDateRound Valuation

325、 Select InvestorsSectorIndustrySubindustry%of Total Funding1MNT Halan$158MSeries E2024-07-20N/AApis Partners,Development Partners International,Lorax Capital,GB Corp,LunateInternetInternet Software&ServicesAccounting&Finance75.3%2Paymob$22MSeries B2024-09-11N/AEBRD Venture Capital,A15,British Intern

326、ational Investment,FMO,Helios Digital VenturesInternetInternet Software&ServicesPayments10.5%3dopay$14MSeries A2024-07-16N/A Argentem Creek PartnerInternetInternet Software&ServicesAccounting&Finance6.5%4Cartona$6MSeries A2024-07-30N/A Algebra Ventures,Sanad,Silicon BadiaInternetE-CommerceB2B Commer

327、ce2.7%5Lucky$3MConvertible Note2024-08-07N/ADisruptech Ventures,Lorax Capital,KEM VenturesMobile&TelecommunicationsMobile Software&ServicesAccounting&Finance1.4%5Lucky$3MConvertible Note2024-08-06N/A Disruptech Ventures,Lorax Capital,KemMobile&TelecommunicationsMobile Software&ServicesAccounting&Fin

328、ance1.4%Oceania Trends229Quarterly funding&deals230State of Venture|Geographic Trends|Oceania Trends$0.5B$0.6B$0.3B$1.0B$1.0B$1.3B$1.9B$2.0B$1.9B$0.8B$0.8B$1.0B$0.7B$0.7B$0.7B$0.7B$0.3B$0.7BFunding$0.5B911071171031221741962152171531511571341381241167899Deals120050100150200$0.0B$0.5B$1.0B$1.5B$2.0BQ1

329、Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q320202021202220232024Annual percent of deals by deal stage231State of Venture|Geographic Trends|Oceania Trends73%74%76%77%Early-stage,76%8%8%9%8%Mid-stage,8%9%9%9%8%Late-stage,9%10%8%6%7%Other,7%20202021202220232024YTDOceania:Top equity deals in Q324232State of Ven

330、ture|Geographic Trends|Oceania TrendsCompanyRound AmountRoundDateRound ValuationSelect InvestorsCountrySectorIndustrySubindustry%of Total Funding1SafetyCulture$110MSeries E2024-09-09$1.7BAirTree Ventures,Blackbird Ventures,Morpheus VenturesAustraliaMobile&TelecommunicationsMobile Software&ServicesHR

331、&Workforce Management20.2%2HammerTech$70MPrivate Equity2024-07-15N/A Riverwood CapitalAustraliaInternetInternet Software&ServicesMonitoring&Security12.9%3InDebted$34MSeries C2024-09-24$250MAirTree Ventures,Carthona Capital,Perennial,Premier Capital Partners,Reinventure CapitalAustraliaInternetIntern

332、et Software&ServicesAccounting&Finance6.3%4Shift$24MSeries D2024-08-26N/A Peak XV PartnersAustraliaFinanceLendingCommercial4.4%5Kismet Healthcare$20MSeed VC2024-09-16N/A MassMutual VenturesAustraliaInternetInternet Software&ServicesHealthcare3.7%6Basis$16MSeries A2024-07-16N/A GD1New ZealandElectron

333、icsChips&SemiconductorsSemiconductor Equipment2.9%7Apromore$15MSeries B2024-08-06N/A Tin Alley VenturesAustraliaInternetInternet Software&ServicesBusiness Intelligence,Analytics&Performance Mgmt2.8%8Evolt$14MConvertible Note2024-09-24N/ABell Potter,Washington H.Soul Pattinson,Perennial,Regal PartnersAustraliaMobile&TelecommunicationsMobile Software&ServicesHealth&Wellness2.5%9DASH Technology Group