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A changing venture ecosystem
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Companies are staying private longer
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More data means less risk
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Precise pricing is more important than ever
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Corporations enter new verticals
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startups that received the most funding from corporations in the first half of 2018
corporations that participated in the most venture rounds in the first half of 2018
20%
2,574
of venture rounds had corporate participation
in the first half of
2018, globally
compared to 12%
in 2010
14% from the
same period in 2010
companies received
first-time venture funding in the first half of 2018, globally
Startups have proliferated, giving rise to an environment where industries pop up—and fall flat—quickly. More and more corporations are participating in venture rounds to stay on top
of growing industries and get in early with promising companies.
A changing
venture ecosystem
6 years
average time to exit
compared to 4.9
years in 2010
352
16% from the
same period in 2010
IPOs in so far in 2018
With plenty of dry powder available from investors, companies are no longer consistently turning to the public markets to raise capital. This trend (combined with a growing number of privately-backed companies) means more opportunities—and more noise—for M&A.
Companies are staying private longer
$0.06
$0.010000
21,979,295
Series B
$0.11
$0.010000
19,000,000
Series C
$0.17
$0.010000
10,600,000
Series D
$0.17
$0.010000
17,000,000
Series E
Dividend Rate $
Par Value
# Of Shares Authorized
Stock
CAP TABLE HISTORY
A cap table, for example, provides essential information for deal execution, including:
• Stock price details
• Number of authorized shares
• Ownership percentage
• Liquidation preferences
• And more
With data like valuations, cap tables and deal terms available from private market data providers, corp dev teams are no longer relying exclusively on relationships, advisors and
their own research to vet targets and conduct
due diligence.
More data means
less risk
$38M
$380M
median M&A deal size so far in 2018, globally
77% from 2010
358% from 2010
average D+ post-money valuation so far in 2018, globally
As valuations skyrocket and the average M&A deal size grows, accurate deal pricing becomes even more important. To overcome this challenge, corporations are leveraging data on precedent transactions to effectively execute deals.
Precise pricing is more important
than ever
acquired Ring for $1B
acquired Luxottica for €48B
acquired Monsanto for $63B
acquired AT&T for $85B
A selection of notable M&A deals so far in 2018
In 2018, total capital deployed in M&A deals fell just shy of $2B as strategics moved into new verticals, paying more than ever to acquire valuable startups in emerging and high-growth sectors.
Corporations enter new verticals
66% from 2010
$1.8B
capital deployed via M&A deals in 2018 so
far, globally