Our latest survey analyzed the terms of 358 venture financings closed in the second quarter of 2021 by companies headquartered in Silicon Valley.
Key Findings Include:
- The average and median price increases of financings and the percentage of up rounds were the highest recorded in a quarter in the history of this survey.
- Series B and D financings recorded the strongest valuation results in the quarter and the highest average and median price increases for those series of financings in the history of this survey.
- Valuation results for the internet/digital media and software industries strengthened compared to the previous quarter, while valuation results for the hardware industry weakened compared to the previous quarter.
- The use of investor-friendly terms, such as senior and multiple liquidation preferences, participation rights, cumulative dividends and redemption rights, remained low.
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