In This Issue:

..Activity Level of New England Transactions: Q2 2012 -Q2 2013 - All Rounds

..Activity Level of New England Seed Transactions

..Activity Level of New England Series A Transactions

..Activity Level of New England Series B/Later Round Transactions

..Size of New England Q2 2013 Seed Transactions by Industry

..Size of New England Q2 2013 Series A Transactions by Industry

..Size of New England Q2 2013 Series B/Later Round Transactions by Industry

..The Numbers

..The National Activity Level Summary

..National Seed Transactions by Industry

..National Series A Transactions by Industry

..National Series B/Later Round Transactions by Industry

..Implied Q2 2013 Pre-Money Valuations, Industry by Round

..Terms of Selected New England Series A Rounds, Q2 2012-Q2 2013

..Terms of Selected New England Series B/Later Rounds, Q2 2012-Q2 2013

- Excerpt from The Numbers:

Venture financing activity in New England increased in the second quarter of 2013. The total number of deals increased by 14%, with activity accelerating in Seed, A and B/Later rounds, and in the technology, life sciences and “other” sectors. The size of deals also increased over the previous quarter. Implied pre-money valuations declined across all rounds from the first quarter and, although there was some fluctuation in the frequency of key deal terms, there was no discernible aggregate loosening or tightening of terms.