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July 8, 2019: 798 California Companies Raised Money in Q2 2019

This month we analyzed Crunchbase data to get a sense of funding activity for California companies.

798 companies headquartered in California raised money in Q2 2019. This was a 12.7% decline from Q1 2019 and a 42.2% decline from Q2 2018.

Looking at funding size, 76 companies raised $1 million or less, 253 raised between $1 million and $10 million, 256 raised between $10 million and $100 million, and 41 raised over $100 million. 172 companies in the database did not report the funding amount.

Despite the decrease in overall funding rounds, the number of $100+ million funding rounds has remained relatively consistent, going from 38 to 43 to 39 to 33 to 41 over the last 5 quarters.

The data in Crunchbase is partially self-reported so these numbers could increase over time.

June 3, 2019: Pre-money valuations for early stage funding rounds since January 1, 2018

This month we analyzed Crunchbase data to determine trends in pre-money valuations for early stage funding rounds.

Seed Round

We looked at 1,010 Seed funding rounds throughout the world since January 1, 2018 where the pre-money value was reported.

The median pre-money value since January 1, 2018 was $3.6 million with a quarterly range between $3.3 million and $5.0 million. The median funding amount was $300,000, which implies median dilution of 8%.

Series A

We looked at 252 Series A funding rounds throughout the world since January 1, 2018 where the pre-money value was reported.

The median pre-money value since January 1, 2018 was $15.0 million with a quarterly range between $10.0 million and $17.5 million. The median funding amount was $3.8 million, which implies median dilution of 20%.

Series B

We looked at 127 Series B funding rounds throughout the world since January 1, 2018 where the pre-money value was reported.

The median pre-money value since January 1, 2018 was $124.0 million with a quarterly range between $75.3 million and $350.0 million. The median funding amount was $35.5 million, which implies median dilution of 22%.

May 6, 2019: YTD 2019 Bay Area early stage funding focused on AI and Machine Learning

This month we analyzed Crunchbase data to understand which categories investors are funding in 2019.

For the year to date through May 6th, 603 Bay Area companies reported a funding round categorized between Seed to Series G. An additional 202 companies (not reported in the above table) reported a funding round categorized outside of Seed to Series G for a total of 805 Bay Area companies that raised money this year to date.

The Seed stage was the most common funding round with 271 companies and a median funding amount of $790,000. The median funding amount increased with each stage up to $62.5 million for the Series D-G rounds.

Looking at Series C+ rounds, Enterprise Software and Security were the most common categories. Artificial Intelligence (AI) was the most common category for the Seed and Series A stages. Machine Learning was another popular early stage category. This shows a shift in investor focus for funding new companies.