From the WSGR Database: Financing Trends for Q1 2016 -
The first quarter of 2016 saw a continued slowdown in venture activity and correspondingly less favorable terms for venture-backed companies. The percentage of up rounds for venture-backed companies continued to decline in Q1 2016, and companies raised funds in amounts and at valuations that were lower than in Q4 2015. While early-stage rounds were affected only modestly, the decline was particularly sharp for Series C and later rounds, where both amounts raised and valuations dropped significantly from 2015 levels. Importantly, however, valuations did not decline below those of 2013 and 2014.
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