VC deals to US-based, VC-backed companies see quarterly increase but are down 18% YoY in Q2’20
Deal activity sees 3% quarterly rise in Q2’20: 1,374 US deals take place in Q2’20, up from 1,336 in Q1’20. Despite the quarterly increase, Q2’20 deals fall 18% YoY. US-based, VC-backed companies raise $26.9bn in Q2’20, down less than 1% from Q1’20. YTD funding and deal activity decline 7% and 16% YoY, respectively.
Number of quarterly mega-rounds hits a new record: 69 companies raise rounds worth $100m or more in Q2’20, while mega-round deal share is relatively flat at 45%.
IPO exits jump while M&A activity falls in the pandemic:After three quarters of declines, 24 US-based, VC-backed companies exit in IPOs in Q2’20, up from 15 in Q1’20. On the other hand, M&A activity sees sharp declines, falling to 120 exits in Q2’20 vs. 155 in Q1’20.
Unicorn births decline for fourth consecutive quarter: There are 11 new US VC-backed private companies valued at $1bn+ in Q2’20. The total number of unicorns reaches 209 in Q2’20.
