Our Innovation Banking team, the senior team members of which have a combined over 40 years of industry experience, are active members of the technology entrepreneur and investor communities across the country. As such we are able to keep our fingers on the pulse of the industry, closely monitoring valuation trends, emerging technologies, and investor appetites.
Venture Capital Investment in Q3 2017
$21.5 billion invested in Q3 2017 over 1,706 deals
- Q3 2017 was the 15th consecutive quarter with $10 billion or more invested, up 40% from Q3 2016 but down 6.3% from Q2 2017.
The number of deals closed in Q3 2017 declined 17.6% YoY (year over year), however, the amount of capital per deal continues to increase
- This is a product of the enormous equity rounds that have become the new normal, for example, $4 billion was invested in WeWork in Q3 2017 and $1 billion in Airbnb in Q2 2017.
- Unicorn private rounds have extended the traditional return timelines; the average time to exit has grown to 6.2 years, with the median exceeding 5 years for the first time in the past decade.
- This trend is likely to continue near-term as U.S. venture capitalists have more dry powder ($92 billion) than any time in the past decade, and many mega-funds remain within their investment periods.
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