Palo Alto, Calif. – July 31, 2012 – Cooley LLP today released its most recent report on venture capital financing trends, analyzing 82 venture financing transactions across the US and China during Q2 in which Cooley served as counsel to either the issuing company or the investors.  The 82 deals Cooley handled represented $1.2 billion in invested capital.

Highlights of the report include:

• The percentage of up rounds rose to over 82% of deals, a level not seen since 2006.
• Average valuations for Series A, B and D+ rounds reached levels not seen in the last eight years.
• A number of Q2 trends pointed to a move toward more company-favorable terms.
• The percentage of deals with pay-to-play provisions and the percentage of tranched deals decreased from the prior quarter, signaling investor confidence.

A complete version of the report is available here.

Cooley's next Venture Financing Report will include deals from its recently opened office in Los Angeles, CA.

About Cooley LLP

Cooley's attorneys have an entrepreneurial spirit, substantive experience and are committed to solving clients' most challenging legal matters. More than 300 of Cooley's 650 attorneys are litigators handling leading national cases, often at the intersection of law and innovation. From small companies with big ideas to international enterprises with diverse legal needs, Cooley has the breadth of legal resources to enable companies of all sizes to seize opportunities in today's global marketplace. The firm represents clients across a broad array of dynamic industry sectors, including technology, life sciences, venture capital, clean energy, real estate and retail.

The firm has full-service offices in eleven major business and technology centers: Palo Alto, CA; San Francisco, CA; San Diego, CA; New York, NY; Reston, VA; Washington, DC; Boston, MA; Broomfield, CO; Seattle, WA; Los Angeles, CA; and Shanghai, China.

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