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Venture Financing Report - Q2 2015

Robust Financing Trends Continue


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Overall financing activity in the second quarter of 2015 remained strong, continuing a trend from prior quarters. In Q2 2015, Cooley handled 134 disclosable deals, representing more than $3.9 billion of invested capital. The percentage of up rounds continued to rise, reaching more than 93% of deals during the quarter. This level of up rounds has not been seen in over six years. The data also pointed to a continued uptick in median pre-money valuations for all deal stages, with the exception of Series B transactions. Most notable was the sharp increase in median pre-money valuations for later stage deals. Over 27% of Q2 deals had a median pre-money valuation greater than $100 million.

This quarterly summary provides data reflecting Cooley's experience in venture capital financing terms and trends. Information is taken from transactions in which Cooley served as counsel to either the issuing company or investors.

View our latest report in pdf format or visit Cooley GO to view the interactive visualization.

Related Contacts
Tom Coll  Partner San Diego
Craig Jacoby  Partner San Francisco
Patrick Loofbourrow  Partner Singapore, Shanghai, San Diego
Mike Lincoln  Vice Chair Reston, Washington, DC
Andrew Lustig  Partner Reston
Babak Yaghmaie  Partner New York
Pat Mitchell  Partner Boston, New York
Matthew Bartus  Partner San Francisco, Singapore, Palo Alto
Dave Young  Partner Los Angeles
Justin Stock  Managing Partner – London London