The first half of 2016 is almost over (can you believe that?) and pretty soon we'll get a good sense of how the year has been shaping up so far. If the numbers from Q1 are any indication, it won't be pretty.
Still, the firms themselves have been raising money at their highest rate in the decade. So that money has to be going somewhere, and there have been plenty of firms that, despite the market downturn, kept up a lot of activity in the first half of the year.
PitchBook has released the data on which firms made the most investments in the first half of 2016.
1. New Enterprise Associates
Number of deals: 46
Notable investments: Euclid Analytics, Branch Metrics, ThirdLove, DataRobot, MasterClass, and Framebridge.
In April, the firm closed its fifteenth fund with $2.8 billion in committed capital to its core fund, along with an additional $350 million for its NEA 15 Opportunity Fund. Together, that adds up a total of $3.1 billion, for the largest VC fund ever raised.
2. Kleiner Perkins Caufield & Byers
Number of deals: 30
Notable investments: DoorDash, Looker, Airware, BetterWorks, and Instart Logic.
T-2. Khosla Ventures
Number of deals: 30
Notable investments: Guardant Health, DoorDash, Affirm, Hyperloop One, and DriveMotors.
4. GV
Number of deals: 28
Notable investments: Plaid, Weaveworks, Medium, Cockroach Labs, LendUp and Helium.
T-4. Andreessen Horowitz
Number of deals: 28
Notable investments: Foursquare, Instart Logic, Affirm, Medium, TransferWise and YourMechanic.
In June, the firm closed Andreessen Horowitz Fund V, a $1.5 billion venture capital fund.
6. General Catalyst Partners
Number of deals: 27
Notable investments: Circle, ClassDojo, Bustle, RealtyShares and Giphy
In February, General Catalyst raised $845 million for its eighth fund
7. Lightspeed Venture Partners
Number of deals: 26
Notable investments: Reflektive, Hungryroot, Giphy, Guardant Health, Affirm and Barefoot Networks.
In March, Lightspeed raised $1.2 billion across two funds: Lightspeed Venture Partners XI, which closed at $715 million, and Lights-peed Venture Partners Select II, which closed at $500 million.
T-7. Accel
Number of deals: 26
Notable investments: Narvar, Weaveworks, Checkr, Pearl, Luma and Grovo.
In March, Accel raised a $2 billion fund, followed by another $500 million in April.
9. Intel Capital
Number of deals: 25
Notable Investments: DataRobot, Lumiata, Helpshift and Reflektion.
T-9. First Round Capital
Number of deals: 25
Notable Investments: June, Confide, Curalate and Zendrive.
In all, 1,418 VC investors participated in at least one round in the first half of the year. There were a total of 1,575 venture financings raised by U.S. startups.
The median size on those deals is about $6 million, up from $4 million in the first half of 2015. Nearly half, 47 percent, of the deals were in software companies.
Q1 funding numbers
Since Q2 is just ending, we don't have the number in yet, but Q1 was a down quarter for investments.
There was $13.9 billion raised, across 883 VC deals in the U.S., a 25 percent decrease in funding and six percent decrease in deals compared to Q4 2016. Compared to Q1 2015, funding dropped 21 percent and deals dropped 12 percent.
The data for U.S. startups largely jibes with the worldwide trend.
Notably, while overall investments are down, there’s one unexpected sector that has risen to the top: healthcare. Dow Jones found that healthcare ventures received nearly a third of all investments, generating $4.1 billion across 191 deals last quarter.
(Image source: entrepreneur.com)
At Culture, Religion & Tech, take II in Miami on October 29, 2024
Read more...
Bambi Francisco Roizen
The company will use the funding to broaden the scope of its AI, including new administrative tasks
Read more...
Steven Loeb
The company will be deploying Qventus’ Perioperative Solution to optimize its robotics program
Read more...
Steven Loeb
Angel group/VC
Joined Vator on
There’s a simple premise behind the founding of General Catalyst (GC) in 2000: entrepreneurs are best served by those who've been in their shoes. In fact, all of GC’s managing directors are accomplished entrepreneurs in their own right. We’re familiar with the challenges you face. And we thrive on our ability to use our entrepreneurial experience to assist, guide, and nurture entrepreneurs on their journey.
As a venture capital firm focusing on Early Stage and XIR/Growth investments, we're thrilled to encounter and delight in helping exceptional entrepreneurs and innovative companies bring a new product to market or transform an industry. But it’s more than just writing a big check. We're tireless in our business-building and partnership development assistance.
Angel group/VC
Joined Vator on
Andreessen Horowitz is a $2.5 billion venture capital firm that was launched on July 6, 2009. Marc Andreessen, Ben Horowitz, John O’Farrell, Scott Weiss, Jeff Jordan, and Peter Levine are the general partners of the firm.
Angel group/VC
Joined Vator on
We move at startup speed. We’re transforming a portfolio of individual companies into a connected community of entrepreneurs who inspire, support and educate each other
Angel group/VC
Joined Vator on
Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in both traditional venture areas like the Internet, computing, mobile, and silicon technology arenas but also supports breakthrough scientific work in clean technology areas such as bio-refineries for energy and bioplastics, solar, battery and other environmentally friendly technologies. Vinod was formerly a General Partner at Kleiner Perkins and founder of Sun Microsystems. Vinod has been labeled the #1 VC by Forbes and Fortune recently labeled him as one the nation's most influential ethanol advocates, noting "there are venture capitalists, and there's Vinod Khosla." Vinod Khosla founded the firm in 2004.
Service provider
Joined Vator on
Lightspeed Venture Partners is a technology-focused venture capital firm that manages $1.3 billion of capital commitments. We closed Lightspeed VII, a $480 million fund, at the end of 2005. Over the past two decades, our partners have invested in more than 120 companies, many of which have gone on to become leaders in their respective industries. Our team invests in the U.S. and internationally from offices in Menlo Park, China, India, and Israel.
We are proud to have partnered with many exceptional management teams. Our investment professionals have contributed domain expertise and operational experience to help build high-growth, market-leading companies such as Blue Nile (NILE), Brocade (BRCD), Ciena (CIEN), DoubleClick (DCLK), Informatica (INFA), Kiva Software (acquired by AOL), Openwave (OPWV), Quantum Effect Devices (acquired by PMCS), Sirocco (acquired by SCMR), and Waveset (acquired by SUNW). Some of our recent exits include the top-performing tech IPO of 2006, Riverbed Technology (RVBD), and the top enterprise software acquisition of 2006, Virsa Systems (acquired by SAP).
Visit our website at www.lightspeedvp.com
Angel group/VC
Joined Vator on
Whether you're seed stage or ready for growth, Intel Capital can help take it to the next level. Since 1991, we have invested more than US$10.8 billion in over 1,250 companies in 54 countries. Our company building focus has resulted in more than 200 of our portfolio companies going public on exchanges all over the world and over 300 being acquired or participating in a merger.
