US tech seed deals dropped 5% from 2014's multi-year high as prolific seed firms including Google Ventures slowed down.

Despite the rise of both micro VCs and multi-stage firms at the seed-stage, seed deal activity in the US tech sector fell back in 2015.

The drop came as once prolific seed investors including Google Ventures dialed back its seed investing program last year. More precisely, 2015 saw US tech seed deals drop 5% from 2014′s multi-year high to hit just under 2,100 for the 12-month period. US tech seed funding increased barely (2%) in 2015 on a year-over-year basis to hit $1.8B.

Q4’15 saw the lowest deal activity since at least Q4’11.

Note: Data does not include angel and/or pre-seed tech financings.

Q1 2017 VC Report: Global Funding Rises 15%
Just 3 new VC-backed companies topped $1B+ valuations in Q1’17, remaining well behind 2015’s pace. Download the CB Insights and PwC MoneyTree Report today.


The largest seed deals of 2015

Peeling back the largest US tech seed deals of last year, we see Sequoia Capital’s $13M investment into online peer-to-peer property and casualty insurance carrier Lemonade top the list. Lemonade is part of a growing cohort of early-stage startups in the insurance tech space. Biometric sensor startup Sano Intelligence and Greylock-backed stealth machine intelligence startup ASAPP rounded out the top 3.

2015′s Largest US Tech Seed Rounds
Company Description Amount Date
Lemonade Online P2P insurer 13 Q4’15
Sano Intelligence Biometric sensor and software 10.25 Q2’15
ASAPP Stealth machine intelligence company 7.57 Q4’15
Mast Mobile All-in-one mobile communication platform 7 Q4’15
NodePrime Hyperscale datacenter management 7 Q3’15
Car Lister Social home for the auto industry 6.5 Q2’15
Rescale Software platform for science and engineering simulations 6.4 Q3’15
Stringify IoT platform 6.3 Q2’15
Pixvana VR/AR video viewing technology 6 Q4’15
Atomwise Drug discovery platform 6 Q2’15
PeerIQ P2P lending data provider 6 Q2’15

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