venture capital, Europe, Draper Esprit, Simon Cook
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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 […]

Germany, VC, Target Global, Berlin, Delivery Hero, Shmuel Chafets, Yaron Valler

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 […]

Dashboard Value VC

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 […]

bucket of money

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 […]

People Moves VC
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VCs on the Move, recap

There’s been no shortage of job movements in the venture community lately. Just this week, FirstMark Capital hired Catherine Ulrich, Aymerik Renard joined the Hardware Club, and Social Capital added Sandhya Venkatachalam to its growth-investing team. Another notable hire came from General Catalyst, which has long been criticized for being one of the largest venture […]

Dashboard Arrows Up Down VC

Monthly Dashboard: Exits and fundraising pick up, as deals scale back

Exits picked up in September as seven venture-backed companies launched IPOs and IFM Therapeutics was sold. The seven IPOs were the most in a single month since eight VC-backed companies went public in October 2016. The largest of the new publicly traded companies in September was Roku, which sold about $220 million of stock in its Nasdaq […]

venture capital, Texas County and District Retirement System, pension fund

Index of venture-backed stocks falls a little in August

The Thomson Reuters’ Post-Venture Capital Index (PVCI) dropped 20 points points to end August at 1136.39 points, a 1.74 percent decline from the 1156.53 points total tally at the end of July. The index value ending Aug. 31 still represents a gain of 170 points, or a growth of nearly 18 percent, since the start of […]

IPO VC

IPO Profile: Canadian company Clementia only VC-backed IPO in August

Only one venture-backed IPO took place in August. The distinction belongs to Montréal biopharmaceutical company Clementia Pharmaceuticals Inc, which last month raised about $120 million from its IPO on the Nasdaq. The news was noted by BDC Capital Healthcare Fund, an investor in Clementia since 2012. The company’s other backers include Fonds de solidarité FTQ, Janus Henderson, OrbiMed Advisors and New Enterprise Associates. Clementia’s […]

private equity

VCs on the Move, recap from August

Although it is the dog days of summer and overall activity has slowed, the last month has seen some venture capitalists change jobs. Among the more noteworthy was Mamoon Hamid switching over to Kleiner Perkins Caufield & Byers from Social Capital, which KP tried to acquire at one time. Social Capital filled the vacancy left […]

PVCI Stocks Gain VC

VC-backed stocks gain ground in July

The Thomson Reuters’ Post-Venture Capital Index (PVCI) gained 40 points points to end July at 1156.53 points, a 3.6 percent increase from the 1116.48 tally at the end of June. The index value ending June 30 represents a gain of more than 190 points, or nearly 20 percent, since the start of the year when the […]