2015美国创业公司风险投资发展趋势报告（英文版）_41页-2mb

2015 US Startup Funding Report Summary

Core Content

This report provides an in-depth analysis of venture capital (VC) funding trends for US startups from 2006 to 2015, with a particular focus on 2015. It highlights the performance of different funding stages, including Pre Series A, Series A, Series B, Series C, and Late Stage, and offers insights into deal volume and capital deployment across these stages.

Main Points

Overall Trends

• Deal Volume: Increased by 20% year-over-year in 2015 compared to 2014.
• Capital Deployment: Rose by 46% year-over-year, indicating a growing trend in both the number of deals and the size of individual rounds.
• Monthly Activity: June 2015 saw the highest capital deployment in the past 10 years, with $6.7 billion invested.
• Seasonal Pattern: Deal volume typically spikes in January after the holiday period in November and December.

Stage-Specific Analysis

Pre Series A

• Capital Deployment: Reached $1.6 billion in 2015, up 32% from 2014.
• Deal Volume: Increased by 39%, with a slight drop in Q4.
• Average Round Size: Fluctuated but remained relatively stable at $1.7 million over the 6-month average.
• Top Rounds: Highlighted companies such as Globality, Sano, and Jukely, with significant funding from notable investors.

Series A

• Capital Deployment: Amounted to $3.4 billion, up 43% from 2014.
• Deal Volume: Increased by 16%, with a peak in November.
• Average Round Size: Rose to $10.5 million, up 20% from December 2014.
• Top Rounds: Included Karhoo, Denali Therapeutics, Gritstone Oncology, and others, with major investments from prominent venture firms and individuals.

Series B

• Capital Deployment: Reached $6.4 billion, up 32% from 2014.
• Deal Volume: Increased by 13%, with a consistent trend throughout the year.
• Average Round Size: Rose to $26.1 million, up 9% from December 2014.
• Top Rounds: Featured Tenable Network Security, GitHub, OnceSource Virtual, and others, with significant investment from leading firms.

Series C

• Capital Deployment: Totalled $2.2 billion, up 29% from 2014.
• Deal Volume: Increased by 7%, with a peak in March.
• Average Round Size: Fluctuated but reached an all-time high in November, before dropping in December.
• Top Rounds: Included Zenefits, Jet, Affirm, and Instacart, showcasing substantial investment in mature startups.

Late Stage

• Capital Deployment: Rose by 67% year-over-year, with $4.1 billion deployed in January 2016.
• Deal Volume: Slightly declined by 0.4%, with lower activity in Q4.
• Average Round Size: Converged to the low $30 million range in Q4, indicating a reversion to the mean.
• Top Rounds: Highlighted Uber, Airbnb, SoFi, and others, reflecting the rise of "unicorn startups."

Key Information

• Data Sources: Mattermark utilized primary research, public data from AngelList, Crunchbase, NASDAQ, SEC, and relationships with investors, founders, and community leaders.
• Methodology: The report analyzed Q1-4 2015 and compared it with the year prior and 5-10 year historical benchmarks.
• Geographic Distribution: The Bay Area remained the most active region for Series A, B, and C funding, with New York and Boston also showing strong performance.
• Industry Trends: The healthcare industry was a major driver of Series A and Series B funding increases.
• Investor Participation: Notable investors such as Sequoia Capital, Andreessen Horowitz, and Google Ventures were heavily involved in major funding rounds.

Conclusion

The 2015 US startup funding landscape showed a significant increase in both deal volume and capital deployment compared to 2014, with a notable trend toward larger round sizes and higher valuations. The report underscores the importance of understanding these trends in the context of the broader startup ecosystem and highlights the regional and industry-specific variations in funding activity.