Friday, January 13, 2017

Report: Venture Dollars Decline In Q4, Says NVCA

Venture capital investment dollars declined in Q4, to $12.7 billion invested across 1,736 companies, according to the new Pitchbook-NVCA Venture Monitor, the new report tracking venture capital investment across the U.S., as the venture market eased off its torrid funding pace. The NVCA called the investment levels "fairly health" and said that it appears that venture funding is coming to a "more normal level" versus the peak in 2015. According to the report, for the whole of 2016, more than $69.1 billion was invested across 7,751 companies, the second highest annual investment total in the past 11 years in terms of dollars. Although total dollars were high, the Pitchbook-NVCA report said there was actually a big decline in the number of deals, with a 22 percent year-over-year decline in terms of deal count--the lowest since 012. In addition to investments, fundraising by venture capital hit $41.6 billion raised across 253 funds, driven by billion dollar funds from firms like Andreessen Horowitz, Kleiner Perkins Caufield & Byers and Greylock Partners.