Mega-financing rounds and billion dollar valuations are on a tear in 2014. So what industries, which investors and how much money has gone to the 50 largest VC-backed company financings in the first half of 2014. We crunched some CB Insights data to answer those questions.
Some high-level stats to start:
- The 50 largest tech rounds totaled $7.55B in capital
- Silicon Valley firms took 70% of the rounds
- Tiger Global Management was an investor in the highest number of these rounds
- Just 2 companies (Uber and Cloudera) account for more than a quarter of the funding
Over 7.5B invested in the 50 largest H1 2014 U.S. tech deals
The chart below highlights the 50 largest tech financings in H1 2014 by overall deal size. 24 of the deals were $100M, while 8 of the deals including Uber, Dropbox, TangoMe and Pure Storage were over $200M. The top 10 deals made up nearly 53% of aggregate funding. Uber and Cloudera alone made up 28% of aggregate funding to the 50 largest H1 rounds.
Silicon Valley-based companies dominate in mega-deals
A whopping 70% of the largest H1 2014 tech financings went to California, and more specifically, Silicon Valley-based companies. New York came in second with 12% of the largest deals including healthcare data analytics startup Flatiron Health‘s $130M round and Oscar‘s $80M Series A. Massachusetts-based tech companies took just two of the deals – soon-to-IPO eCommerce firm Wayfair‘s $157M mega-round led by T. Rowe Price and ActiFio‘s $100M round financing valuing the data management firm at $1.1B.
Hedge funds & mutual funds top most active H1 mega-deal investors
Of the 50 largest H1 2014 tech deals, Tiger Global Management was the most active by deal count – participating in 9 of the deals including Pure Storage, Automattic, ActiFio and One Kings Lane. Coming in second was T. Rowe Price which invested in mega-deals including Dropbox, Domo and Cloudera. The top 5 was rounded out by BlackRock, Institutional Venture Partners and Andreessen Horowitz. Six of the top 10 most prominent investors in the largest tech deals of H1 2014 were either hedge fund, mutual fund or corporate investors – highlighting the abundance of non-VC dollars within today’s private tech ecosystem.
The List of 50 Deals
The full list of tech deals included in this analysis can be found for free on the ‘Research’ tab, after logging in to CB Insights. Note: This research is free to anyone who logs into CB Insights.
Methodology/Notes:
Data in this analysis includes financings to VC-backed companies by angel investors, angel groups, mutual funds, hedge funds, venture capital, corporate and corporate venture investors. It is not just venture capital investors or rounds that included a venture capital investor. Tech industries covered include mobile, internet, software, computer hardware and electronics (chips & semis). If a deal included tranched financings prior to H1 2014 – all tranches that made up the specific financing round were included.
All of the data underlying this analysis is available in the CB Insights venture capital database. Create a free account below.