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NFX’s new fund: seeking the ‘network effect’

By Joshua Mitnick, VCJ Correspondent A little more than a decade after co-founding the online real estate market Trulia, and two years after it was acquired by Zillow, Pete Flint decided he needed some “time off’’ to figure out his next move. But taking a break didn’t mean a vacation on the beach. “I ended up spending my entire day […]

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IPO Profiles: Six VC-backed profiles in January

Six VC-backed companies went public on the Nasdaq and NYSE in January, compared with three in December. All six of the new issues were in the biotech sector. The value of the January IPO proceeds rose more than 36 percent to $600 million from $440 million in December. The largest VC-backed company to go public in […]

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Post Venture Capital Index continues to move up

The Thomson Reuters’ Post Venture Capital Index (PVCI) gained 5 percent to start 2018 on an upswing. The PVCI stood at 1261.14 on Jan. 31 to end the first month of the year gaining 60 points from the 1,200.19 mark at the end of last year. The January-ending total was the fifth consecutive monthly gain […]

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Fashioning a European VC in Milan

By Alex Derber, VCJ Correspondent Europe’s fourth-largest economy, Italy, still trails several smaller nations for venture capital fundraising and investment. One of the country’s few significant early-stage investors is Milan-based United Ventures, which recently held a €75 million ($90 million) first close for its second technology fund. United Co-Founder and Managing Director Paolo Gesess acknowledges […]

Lincoln International, University of Chicago, private equity, equities, Russell 2000, S&P 500, indexes

Index of VC-backed stocks gained 24 percent during 2017

The Thomson Reuters’ Post Venture Capital Index (PVCI) gained 24 percent, or 234 points, to end 2017 at 1,200.19. It was the fourth consecutive monthly gain for the PVCI, which rose 20.56 points above the November-ending mark. The index value began 2017 at 966 points and reached above 1,200 points in only one other month […]

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IPO Profiles: Three venture-backed IPOs in December

Three VC-backed companies went public on the Nasdaq and NYSE exchanges in December, compared with 10 in November. The value of the IPO proceeds fell by more than half to $440 million from $890 million in November. The largest VC-backed U.S. startup to go public in December was the biotech company Denali Therapeutics, which raised […]

Grove Israeli VC Fund Profile

New Israeli VC Grove Ventures is betting big on hardware

By Alex Derber, VCJ Correspondent As the man behind the USB flash drive, Dov Moran commands instant recognition in Israeli technology circles. Even so, raising his first early-stage fund as managing partner of Tel Aviv-based Grove Ventures wasn’t easy. “People said, ‘You may be good as an entrepreneur, but it doesn’t mean you’ll succeed as an […]

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Post Venture Capital Index continues to gain ground

For the fourth consecutive month, the Thomson Reuters’ Post Venture Capital Index (PVCI) gained ground. At the end of November, the PVCI gain 0.68 points points to end the month at 1179.63, a 0.05 percent gain from the 1178.95 mark at the end of October. The index value ending on Nov. 30 stands more than 213 […]

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Danish VC Sunstone Tech Ventures sees potential for better pricing

By Alex Derber, VCJ Correspondent Riding buoyant public markets, Nordic technology-company valuations have galloped along in recent years. In 2016, Scandinavia’s Nasdaq Nordic recorded $8.1 billion in IPOs, more than any other European exchange and almost as much as the core Nasdaq in New York. “Valuations have clearly gone up with the stock market across […]

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Draper Esprit’s Simon Cook explains why the firm outgrew the LP model

By Alex Derber, VCJ Correspondent In the past few years several European VC firms have experimented with alternatives to traditional limited-partner structures, pushing into co-investments and more unusual strategies like a royalty-based model. Perhaps the biggest divergence, though, was last year’s IPO of London-based Draper Esprit, which shifted the firm from a fund-based model to investing […]

Lincoln International, University of Chicago, private equity, equities, Russell 2000, S&P 500, indexes

Stock index of venture-backed listings inches up a little

The Thomson Reuters’ Post-Venture Capital Index (PVCI) gained 27.43 points points in October to end the month at 1178.95, a 2.38 percent gain from the 1151.52 total at the end of September. The index value ending on Oct. 31 stands more than 212 points, or 22 percent, over the 966 point value when it started the […]

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Berlin’s Target Global is sticking with companies for longer

By Alex Derber, VCJ Correspondent While Berlin is famous as a startup hub, questions about its output of blockbuster exits have lingered. Some of those questions were answered this summer following the the IPO of Delivery Hero, a restaurant delivery service that raised roughly $1.1 billion on the Frankfurt Stock Exchange. Berlin-based Target Global was […]

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Index of VC-backed stocks rises a little in September

The Thomson Reuters’ Post-Venture Capital Index (PVCI) gained 15 points points to end September at 1151.52, a 1.33 percent rise from the 1136.39 total at the end of August. The index value ending on Sept. 29 stands more than 185 points, or 19 percent, over the 966 point value that started the year. The Nasdaq and […]

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Data spotlight: NEA, Greycroft, Accel rank as most active VCs in Q3

New Enterprise Associates, which raised $3.3 billion for its 16th fund in June, invested more than $266 million in 35 companies in the third quarter, according to preliminary data from Thomson Reuters. That number of disclosed deals ranks NEA as the most active venture firm in Q3. (See table below.) Among the firm’s deals was Databricks, a […]

VC IPO Profiles

IPO Profiles: Roku leads pack of seven VC-backed IPOs in September

Seven VC-backed companies went public in September, compared with just one in August. The value of the IPO proceeds sold jumped to $750 million, six times the $120 million of August. Los Gatos, California, streaming platform provider Roku led the way with its $220 million IPO sale, valuing the company at more than $1.3 billion. The […]