United States

Q3 venture capital trends summary


It has been a record-breaking first nine months of 2019 for deal flow in the venture capital (VC) industry in dollar terms, with an aggregate value of $96.7 billion worth of deals funded and approximately 7,862 deals closed. Both the deal flow in dollar terms and in number of deals has been very robust in 2019 compared to activity over the same nine-month period in recent years and should be on pace to be at its highest count for the full year since 2015. This was driven by the most active first three quarters of later-stage funding activity on record as investors sought participation before the initial public offering (IPO) of the more mature companies in hopes of cashing in on the post-IPO bump. Investment in late-stage companies has seen a record high in 2019 compared to the last 10 years. However, the post-IPO market price from the market debut of companies like Uber, Lyft and Peloton has been a bit disappointing.. 

With data from PitchBook and the National Venture Capital Association, Hitesh Kothari, assurance partner at RSM, examines the U.S. venture capital activity through the third quarter of 2019. This report offers an array of insights into the current U.S. VC landscape, including deal flow analysis, exit activity and valuation trends.

Topics covered in this report are: 

  • Fundraising
  • Funding by stage of development
  • First-time financing
  • Exits by industry

related insights


RSM launches M&A360™

RSM launches RSM launches M&A360™ An outcome-driven framework focused on enhancing value creation throughout the life of an investment


Sun Capital in the eye of the distress storm

Sun Capital co-founders Rodger Krouse and Marc Leder share with RSM's Don Lipari how their portfolio is faring during COVID-19.


Keys to addressing the EBITDA impact of COVID-19

COVID-19 EBITDA analyses are imperative. A mutual understanding between a buyer and seller of the financial model assumptions is key


Contact our private equity professionals