The IPO market has gotten off to a fast start in 2014 – with the 35 U.S.-based VC-backed IPOs in Q1 2014 marking the highest quarterly tally for VC-backed offerings since Q3 2000. And as might be expected given the power law nature of VC, some investors are doing better racking up the IPOs than others in 2014 YTD. (Note: We’ve looked at IPOs of both U.S. and non-U.S. companies)
Index Ventures, which just announced a new $542M early-stage fund, co-leads the list of VC investors with six IPOs in 2014 YTD including a number of European companies including Just Eat, King Digital and Egalet. New Enterprise Associates has also notched six IPOs since the start of the year including utility SaaS provider Opower and caregiver web portal Care.com. The chart below highlights the 10 VCs and corporate venture arms that have compiled 4 or more IPOs in the year to date. Note: This visualization was taken directly from the interactive ‘Rankings’ feature on CB Insights.
Index’s six IPOs in 2014 YTD are a clear indication of the firm’s mojo as of late. The chart below highlights Index’s exit activity since the start of 2009 – with IPO activity marked in orange. Interestingly, the firm’s IPOs this year – which saw aggregate value of $13.55B at the time of exit – are evenly divided between Europe and the U.S. Index’s U.S.-based IPOs in the year-to-date are cloud networking firm Arista, biopharma company Versartis and customer service software company Zendesk. And Index might not be done yet – the VC firm’s IPO Pipeline portfolio includes Etsy (Series E), Lookout (Series C), Pure Storage (Series D), Hortonworks (Series B) and Dropbox (Series B).
Looking for more data on VC exit performance? Sign up to try the CB Insights database below.