Blog of Intellectual Capital

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Background
We analyzed the terms of 225 venture financings closed in the second quarter of 2018 by companies headquartered in Silicon Valley.

Key Findings
Up Rounds Dominate, with Average Price Increases Declining
Valuation results continued to be strong in Q2 2018, but declined moderately compared to the prior quarter.

Series B Financings Show Strongest Valuation Results
Series B financings recorded the strongest valuation results in Q2 2018, with an average price increase of 117%, an increase from 92% in Q1, and a median price increase of 66%, an increase from 49% in Q1.

Software Industry Notches Strongest Valuation Results
The software industry recorded the strongest valuation results in Q2 2018, with an average price increase of 85% and a median price increase of 46%, both moderately higher compared to the prior quarter.