Top 10 Deals in Q3 MoneyTree Raised $1B Combined–Slideshow

They say that everything is big in Texas.

And that must include late-stage venture deals, too. Two companies based in the Lone Star State ranked in the Top 10 of largest “venture” deals done in the third quarter, according to a MoneyTree Report.

As my colleague Mark Boslet already reported today, venture deal activity took a dip as investments totaled $6.95 billion during the three-month period, with 876 deals receiving funding, according to the MoneyTree Report issued by PricewaterhouseCoopers and the National Venture Capital Association, based on data by Thomson Reuters, publisher of this blog. This was a 12% decrease in dollars and a 14% drop in deals from the second quarter, though capital allocated was up 31% from a year ago.

Just under half of the money invested in Q3 went to companies at the early or even seed stage of funding, according to MoneyTree. The average seed deal was $2 million, down from $3.3 million in the second quarter, and the average early stage deal was $5.7 million, down slightly from $5.8 million.

The average “expansion” stage deal was $9.6 million, up slightly from the prior quarter. The average later stage deal was $12.5 million. That is up from $11 million in the previous quarter and represents the largest average deal size for this stage in a decade.

For the 10 companies in the following slideshow, all raised either expansion or late stage funding. Combined, the top 10 raised just over $1 billion during the quarter, or about 13% of the total raised by all U.S. companies.

By the way, I politely disagree with my colleague Mark that some of the 10 deals listed here are “venture,” as designated by the MoneyTree. I argue that if you’re a 9-year-old company, and you’ve raised more than $483 million, you can’t call the latest funding venture-related. After you go through the list and you see the top money raiser, let us know what you think.

(Photo image by SFerdon/Shutterstock.)


[slide title=”No. 10 Palantir Technologies”]

Location: Palo Alto, Calif.

Raised in Q3: $68M

Total Raised: $255M

Description: Develops data analysis software

Select Investors: The Founders Fund

[slide title=”No. 9 Essence Group Holdings Corp.”]

Location: Maryland Heights, Mo.

Raised in Q3: $70M

Total Raised: $70M

Description: Provides health insurance and software

Select Investors: Camden Partners, Kleiner Perkins Caufield & Byers

[slide title=”No. 8 ClearEdge Power”]

Location: Hillsboro, Ore.

Raised in Q3: $73.5M

Total Raised: $129.5M

Description: Makes power and heat energy systems

Select Investors: Kohlberg Ventures

[slide title=”No. 7 ZocDoc”]

Location: New York

Raised in Q3: $75M

Total Raised: $94.7M

Description: Provides booking appointment services online with doctors

Select Investors: Digital Sky Technologies, Goldman Sachs

[slide title=”No. 6 Valeritas”]

Location: Bridgewater, N.J.

Raised in Q3: $75.8M

Total Raised: $231.9M

Description: Operates as a med tech company

Select Investors: Abingworth Management, Advanced Technology Ventures, CHL Medical Partners, Kaiser Permanente Ventures, MPM Capital, ONSET Ventures

[slide title=”No. 5 HelioVolt”]

Location: Austin, Texas

Raised in Q3: $85M

Total Raised: $198.05M

Description: Makes thin film solar products

Select Investors: Undisclosed

[slide title=”No. 4 Tumblr”]

Location: New York

Raised in Q3: $85M

Total Raised: $125.3M

Description: Operates an online publishing platform

Select Investors: Greylock Partners, Insight Venture Partners, Sequoia Capital, Spark Capital, Union Square Ventures

[slide title=”No. 3 Airbnb”]

Location: San Francisco

Raised in Q3: $112M

Total Raised: $119.8M

Description: Operates a community rental marketplace

Select Investors: Andreessen Horowitz, Digital Sky Technologies, General Catalyst Partners, Greylock Partners

[slide title=”No. 2 Cvent”]

Location: McLean, Va.

Raised in Q3: $135M

Total Raised: $147.87M

Description: Provides Web-based enterprise software for the event planning industry

Select Investors: Greenspring Associates, Insight Venture Partners, New Enterprise Associates

[slide title=”No. 1 Reata Pharmaceuticals”]

Location: Irving, Texas

Raised in Q3: $300M

Total Raised: $484M

Description: Develops oral anti-inflammatory drugs.

Select Investors: Undisclosed.


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