Venture Deals Drop In Q3 2015, But Total Funding Still Up

By on October 12, 2015

Screen Shot 2015-10-12 at 5.34.47 PMVenture capitalists–particularly at the early stage–are getting more cautious, according to recent reports. New data shows just how much VCs are pulling back.

Venture capital funding deals dropped sharply in the third quarter of 2015, even while total venture dollars jumped yet again as funding continued to flow into late stage companies.

Deal activity dropped significantly in the most recent quarter. There were 1,444 VC deals in Q3 2015, which was down 22% compared the prior quarter, Q2 2015, according to Pitchbook. That’s also down 34% year-over-year, compared to Q3 2014.

Looking at deal activity year to date, volume dropped 27% compared to the the first three quarters of 2014, according to Mattermark.

However, overall venture capital invested is still rising, fueled by massive late-stage deals. Year to date, total venture capital dollars invested rose 41%. Much of this funding is flowing into late stage deals, where dollars invested is up 75%, compared to year-to-date, 2014.

The largest deals in Q3 2015, per Mattermark, were Uber’s $1.2 billion and $1 billion fundings and SoFi’s $1 billion funding. Other large fundings included Avant, Fanatics, DraftKings and FanDuel.

 

 

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