League tables
1Q 2016
Most active investors
Angel/seed
Most active investors
Early stage
Most active investors
Late stage
Y Combinator
9
DreamIt Ventures
12
New Enterprise Associates
12
Innovation Works
7
Khosla Ventures
10
Intel Capital
10
500 Startups
6
Kleiner Perkins Caufield &
Byers
9
Kleiner Perkins Caufield &
Byers
9
First Round Capital
6
Lightspeed Venture Partners
9
Sequoia Capital
9
Founder Collective
6
GV
9
Accel Partners
8
Structure Capital
6
Andreessen Horowitz
8
Andreessen Horowitz
7
Techstars
5
New Enterprise Associates
8
Bain Capital Ventures
7
BoxGroup
5
Marc Benioff
7
Lightspeed Venture Partners
7
Hyde Park Venture Partners
5
Madrona Venture Group
7
GV
7
Lerer Hippeau Ventures
5
7
Ignition Venture Partners
6
New Enterprise Associates
5
Alexandria Venture
Investments
Founders Fund
7
First Round Capital
7
Y Combinator
7
All league tables are compiled using the number of completed VC rounds for U.S.based companies in 1Q 2016. Rounds in which a firm advised multiple parties will only
be counted once for that firm. To ensure your firm is accurately represented in future
PitchBook reports, please contact [email protected].
Methodology
Most active law firms
Early stage
Cooley
53
Gunderson Dettmer
45
Wilson Sonsini Goodrich &
Rosati
27
DLA Piper
18
Goodwin Procter
17
Latham & Watkins
7
Venture capital
Venture capital, for the purposes of this report, is defined as institutional
investors that have raised a fund structured as a limited partnership from a
group of accredited investors, or a corporate entity making venture capital
investments.
Valuations
Pre-money valuation: the valuation of a company prior to the round of
investment. Post-money valuation: the valuation of a company following an
investment.
Exits
This report includes both full and partial exits via mergers and acquisitions,
private equity buyouts and IPOs.
Most active law firms
Late stage
Cooley
40
Wilson Sonsini Goodrich &
Rosati
38
Gunderson Dettmer
32
DLA Piper
14
Goodwin Procter
11
Orrick Herrington & Sutcliffe
9
Fundraising
This report includes all U.S.-based venture capital funds that have held a final
close. Funds-of-funds and secondary funds are not included.
15
P I TC H B O O K 1 Q 201 6 U. S . V E N T U R E I N D U S T RY R E P O R T