It’s summer time, and the living is supposed to be easy. But that hasn’t been the case for a handful of venture firms. A new infographic out, released by investment research company PitchBook Data, shows that VCs were busy bees, cutting deals left and right from April to the end of June.
In the third quarter alone, Google Ventures, Kleiner Perkins Caufield & Byers, and First Round Capital cut almost or more than half of their year’s deals to date. Why did the investment pace accelerate in the third quarter? Perhaps an increase in confidence, correlating to the economic uptick, or a fluke shift tied to what deals were on the table. In contrast, Andreessen Horowitz held back and only struck 14 of its 50 year to date deals.
PitchBook also found that the average amount of capital invested per deal is up to $3.1 million in quarter three, compared to $2.9 million in quarter two. But the number of deals declined, from 311 to 275. Investors are throwing more money at fewer deals in the overall ecosystem.
One of the biggest investments in the third quarter included Uber’s $258 million Series C, which it used to attack Lyft and seek world domination, as Hamish McKenzie reported.
For other quarter three macro trends in venture capital, check out PitchBook’s info graphic below:
[Baby image via Thinkstock]
[Infographic via PitchBook Data]