2020Q2全球风险投资跟踪报告.docxVIP

ContentsCredits contact Contents PitchBook Data, Inc. JOHN GABBERT Founder, CEO ADLEY BOWDEN Vice President, Research Analysis Content NIZAR TARHUNI Director, Research JAMES GELFER Senior Strategist Lead Analyst, VC CAMERON STANFILL, CFA Analyst II, VC KYLE STANFORD Analyst, VC JOSHUA CHAO, PhD Analyst, VC VAN LE Senior Data Analyst RESEARCH reports@ INVESTOR OUTREACH Executive summary3 Executive summary 3 NVCA policy highlights 4 Overview 5 Angel, seed first financings 7 Early-stage VC 9 Late-stage VC 11 Deals by region 15 Deals by sector 16 SVB: Adaptation and acceleration in VC 20 Female founders 22 Nontraditional investors 24 Certent: Venture in the COVID-19 era 26 Exits 29 Fundraising 31 Methodology 34 National Venture Capital Association (NVCA) BOBBY FRANKLIN President CEO MARYAM HAQUE Senior Vice President of Industry Advancement CASSIE ANN KIGGEN Director of Communications DEVIN MILLER Manager of Communications Digital Strategy Contact NVCA nvca@ Silicon Valley Bank GREG BECKER Chief Executive Officer MICHAEL DESCHENEAUX President JENNIFER FRIEL GOLDSTEIN Head of Business Development, Technology and Healthcare Contact Silicon Valley Bank venturemonitor@ Certent JORGE MARTIN Chief Executive Officer RYAN STROUB Chief Financial Officer MATTHEW LEE, CFA Product Manager, Equity Management Contact Certent hello@ 3Q2 2020 PITCHBOOK- NVCA VENTURE MONITOR 3 Q2 2020 PITCHBOOK- NVCA VENTURE MONITOR Executive summary The second quarter of 2020 was truly unprecedented for the venture capital (VC) industry, as the COVID-19 pandemic, nationwide lockdowns, stay-at-home orders, and a major economic downturn shook the entire country. The lockdowns majorly disrupted general business practices in the VC industry, as investors have traditionally relied heavily on in- person meetings before making new investments. Venture firms generally became much more conservative around dealmaking as the pandemic hit the US in March and early April, leading to a downturn in