《风投脉搏（2017年第四季度》(英文 105 页)

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Contents

Global

― Overall VC investment closes on a high, deal volume continues to fall

― Year-over-year median deal size rises across all stages

― Global median pre-money valuation for series D+ peaks at $275 million

for 2017

― Corporate VC participation reaches 18.7%

― Global volume for first-time venture financings plummets in 2017

Americas

― Overall VC investment hits record high in Q4

― Deal volume drops for the second consecutive quarter

― 2017 Series D+ median valuations spike to $250 million

― Canadian venture deal volume plummets — deal values remain strong

― Venture financing in Brazil strengthens, powered in part by fintech

US

― Strong Q4 propels annual investment to new high

― 2017 deal volume more resilient than Asia or Europe

― Median pre-money valuations notch a new high for the decade

― Corporate VC involved in $10+ billion for second consecutive quarter

― Fundraising cycle signals it’s ready for a slowdown

Europe

― Venture investment reaches new highs with massive Q4

― Angel/seed investment continues to plummet

― Corporate VC participates in 21% of all deals — a new high

― UK leads the way with over $2.5 billion invested in Q4, highlighted by

Deliveroo’s $482m

― VC in France sees banner year

Asia

― Q4 investment surpasses $15 billion

― Year-over-year volume of angel/seed deals plummets

― Corporate participation reaches over 30% for the year

― India experiences seven transactions over $100 million in value in 2017

― Government support, CVC and big tech investors push venture

financing in China to new levels in 2017