VC's Decade in Data
Global VC cash flows
60%
50%
40%
30%
20%
10%
0%
PE firms
Mutual funds
CVC
Sovereign
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
SoftBank
Company
Deal size
Year
Ant Financial
$14.0
2018
Juul
$12.8
2018
Didi Chuxing
$7.3
2016
WeWork
$6.6
2019
Uber
$5.6
2016
Didi Chuxing
$5.5
2017
WeWork
$5.0
2019
Grab Holdings
$4.8
2019
Didi Chuxing
$4.6
2018
Ant Financial
$4.5
2016
Company
Exit count
Country
Sequoia Capital
54
Kliener Perkins
46
United States
New Enterprise Associates
42
Accel
37
United States
T. Rowe Price
34
United States
Meritech Capital Partners
34
Fidelity Investments
34
United States
IVP
26
SV Angel
25
Google Ventures
25
Top firms by exits ($1 billion or larger)
United States
United States
United States
United States
United States
United States
$120
$100
$80
$60
$40
$20
$0
-$20-$40-$60
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2000
2001
2002
2003
2004
2005
2006
2007
2008
Contributions ($B)
Distributions ($B)
Net cash flow
A measure of VC firms' profitability and distributions to limited partners
Sequoia
Kleiner Perkins
NEA
Accel
T.Rowe Price
54
46
42
37
34
Global VC fundraising by decade
VC deal flow
Biggest VC exits by country (in billions)*
$553.26
$121.06
Decade capital raised
Decade capital raised by firms formed since 2010
2019 capital raised
2019 capital raised by firms formed since 2010
$59.84
$22.06
United States
China
Rest of world
600
500
400
300
200
100
0
5,000
4,500
4,000
3,500
2,000
1,500
500
0
Fund count
Capital raised ($B)
1990s
2000s
2010s
350
300
250
200
150
100
50
0
25,000
20,000
15,000
10,000
5,000
0
Deal count
Capital raised ($B)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$321.95
More VC deals with outside players
Involvement of non-VC investors in global deal capital
Biggest VC deals (in billions)
VC fundraising by new firms (in billions)
$177.66
$70.90
*By home country of investors in the decade’s 25 biggest exits
All data is as of Nov. 30, 2019
Graphic by Andy White and Conor Hamill
2019