Spreadsheet: 0b01dd81-8374-4d87-bc1e-e75a516cf5cc
Sheet: by Stage of Dev

 |  |  |  |  |  | PricewaterhouseCoopers/National Venture Capital Association
 |  |  |  |  |  | MoneyTree™ Report, Data: Thomson Reuters
 |  |  |  |  |  | Investments by Stage of Development Q1 1995 - Q4 2012
Amount Invested
Stage of Development | 1995 |  |  |  |  | 1996 |  |  |  |  | 1997 |  |  |  |  | 1998 |  |  |  |  | 1999 |  |  |  |  | 2000 |  |  |  |  | 2001 |  |  |  |  | 2002 |  |  |  |  | 2003 |  |  |  |  | 2004 |  |  |  |  | 2005 |  |  |  |  | 2006 |  |  |  |  | 2007 |  |  |  |  | 2008 |  |  |  |  | 2009 |  |  |  |  | 2010 |  |  |  |  | 2011 |  |  |  |  | 2012
 | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 1995 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 1996 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 1997 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 1998 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 1999 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2000 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2001 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2002 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2003 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2004 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2005 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2006 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2007 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2008 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2009 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2010 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2011 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2012 Total
Seed | 316643600 | 396604500 | 229865000 | 329758500 | 1272871600 | 322706900 | 431946600 | 200618600 | 316454900 | 1271727000 | 400584900 | 330828800 | 323323300 | 319500100 | 1374237100 | 402564100 | 426424500 | 459900600 | 477282200 | 1766171400 | 591538500 | 840442200 | 989685300 | 1244526000 | 3666192000 | 806969400 | 984135300 | 878262600 | 486770300 | 3156137600 | 256618000 | 265258000 | 128532700 | 150318800 | 800727500 | 76447000 | 93461200 | 84173000 | 86078200 | 340159400 | 84506000 | 95165000 | 100280200 | 85779300 | 365730500 | 104750100 | 124314200 | 168029400 | 554531000 | 951624700 | 148537900 | 530473700 | 165001700 | 162337300 | 1006350600 | 246742100 | 374019000 | 364600400 | 306201400 | 1291562900 | 319340600 | 489232300 | 455031600 | 562474500 | 1826079000 | 466251400 | 535331500 | 557882300 | 364854100 | 1924319300 | 319685100 | 672435300 | 525975300 | 367595100 | 1885690800 | 407856400 | 687803800 | 332885600 | 230133900 | 1658679700 | 225192900 | 416958000 | 221241700 | 192427100 | 1055819700 | 157883400 | 229102700 | 180916300 | 156931500 | 724833900
Early Stage | 409044000 | 393640100 | 366833200 | 564068400 | 1733585700 | 597800100 | 713956500 | 574605400 | 754119700 | 2640481700 | 769491400 | 846833700 | 760053700 | 1044092700 | 3420471500 | 1164656100 | 1014452100 | 1290395400 | 1990618100 | 5460121700 | 1228984900 | 1993697100 | 2661840500 | 5490688000 | 11375210500 | 7145955800 | 6938893000 | 5912250400 | 5347027000 | 25344126200 | 3459155900 | 2102086600 | 1712171400 | 1332535000 | 8605948900 | 1181566000 | 1123063100 | 849654100 | 792410700 | 3946693900 | 690031100 | 1015723100 | 806802000 | 1095971400 | 3608527600 | 904948400 | 1030331300 | 1028608000 | 1081982500 | 4045870200 | 867816200 | 1001579500 | 1192332800 | 994815600 | 4056544100 | 930101000 | 1018417300 | 1112308700 | 1666575900 | 4727402900 | 1337874500 | 1700496800 | 1263135200 | 1780006100 | 6081512600 | 1401878700 | 1524311700 | 1372629400 | 1457154700 | 5755974500 | 767274400 | 1179559900 | 1213583000 | 1746505900 | 4906923200 | 1147781600 | 1740858900 | 1409430400 | 1568537400 | 5866608300 | 1830272600 | 2266147900 | 2221508600 | 2443425200 | 8761354300 | 1919130000 | 2189646600 | 1813530900 | 1909551300 | 7831858800
Expansion | 619987400 | 1328157300 | 800369700 | 815673100 | 3564187500 | 1145519500 | 1509945500 | 1276969600 | 1604917200 | 5537351800 | 1363721200 | 1961088000 | 1970643500 | 2300969000 | 7596421700 | 1755869400 | 3359086700 | 2725687900 | 2538030200 | 10378674200 | 3212299600 | 5498458900 | 7355069900 | 13391992600 | 29457821000 | 16124948800 | 15763982000 | 15263614000 | 11986576000 | 59139120800 | 6944536100 | 6623731000 | 4563768500 | 4767062800 | 22899098400 | 3804826300 | 3553283300 | 2430304100 | 2323766800 | 12112180500 | 2468748800 | 2511263200 | 2202555800 | 2614339100 | 9796906900 | 2063318900 | 2680005500 | 2032119800 | 2259714900 | 9035159100 | 2132865700 | 2362602100 | 1759258500 | 2348135300 | 8602861600 | 2604519900 | 3197316900 | 2863019600 | 2457713100 | 11122569500 | 2671480200 | 2351798600 | 3106249300 | 2987379500 | 11116907600 | 3425725400 | 2697949600 | 2556810100 | 2174974400 | 10855459500 | 1228138000 | 1770297000 | 1824405400 | 2005684500 | 6828524900 | 1788902000 | 2796457100 | 1690820700 | 2431160000 | 8707339800 | 2257402000 | 2424724400 | 2542345300 | 2611215100 | 9835686800 | 1789450400 | 2715673900 | 2621557000 | 2247417700 | 9374099000
Later Stage | 344451500 | 427972500 | 308689600 | 361107900 | 1442221500 | 356399500 | 460281400 | 545424700 | 536776000 | 1898881600 | 594746800 | 531608700 | 669316400 | 795948200 | 2591620100 | 854561200 | 973565100 | 949478800 | 1127934500 | 3905539600 | 1605197700 | 2999191200 | 2597539400 | 3265091500 | 10467019800 | 4382870800 | 4340611400 | 4572854100 | 4288073500 | 17584409800 | 2447554500 | 2513108300 | 1803415000 | 1906001700 | 8670079500 | 1930483600 | 1341783600 | 1110016100 | 1359427400 | 5741710700 | 1159551000 | 1368671000 | 1519013800 | 1858646400 | 5905882200 | 2312575500 | 2481928900 | 1867584700 | 2540368600 | 9202457700 | 2082111600 | 2548628300 | 2972519300 | 2335543700 | 9938802900 | 2847363500 | 2798764000 | 2529459100 | 2271366000 | 10446952600 | 3108568600 | 3289850200 | 3366363300 | 3093334800 | 12858116900 | 2790312200 | 3271215200 | 3137662400 | 2185671700 | 11384861500 | 1531477400 | 1607048000 | 1827677100 | 1793563500 | 6759766000 | 1723392000 | 1922481900 | 1999123000 | 1437140400 | 7082137300 | 2212076300 | 3036557100 | 2426277500 | 2135039300 | 9809950200 | 2340278900 | 2187715500 | 1983205100 | 2082903800 | 8594103300
Grand Total | 1690126500 | 2546374400 | 1705757500 | 2070607900 | 8012866300 | 2422426000 | 3116130000 | 2597618300 | 3212267800 | 11348442100 | 3128544300 | 3670359200 | 3723336900 | 4460510000 | 14982750400 | 4177650800 | 5773528400 | 5425462700 | 6133865000 | 21510506900 | 6638020700 | 11331789400 | 13604135100 | 23392298100 | 54966243300 | 28460744800 | 28027621700 | 26626981100 | 22108446800 | 105223794400 | 13107864500 | 11504183900 | 8207887600 | 8155918300 | 40975854300 | 6993322900 | 6111591200 | 4474147300 | 4561683100 | 22140744500 | 4402836900 | 4990822300 | 4628651800 | 5654736200 | 19677047200 | 5385592900 | 6316579900 | 5096341900 | 6436597000 | 23235111700 | 5231331400 | 6443283600 | 6089112300 | 5840831900 | 23604559200 | 6628726500 | 7388517200 | 6869387800 | 6701856400 | 27588487900 | 7437263900 | 7831377900 | 8190779400 | 8423194900 | 31882616100 | 8084167700 | 8028808000 | 7624984200 | 6182654900 | 29920614800 | 3846574900 | 5229340200 | 5391640800 | 5913349000 | 20380904900 | 5067932000 | 7147601700 | 5432259700 | 5666971700 | 23314765100 | 6524943800 | 8144387400 | 7411373100 | 7382106700 | 29462811000 | 6206742700 | 7322138700 | 6599209300 | 6396804300 | 26524895000
Number of Deals
Stage of Development | 1995 |  |  |  |  | 1996 |  |  |  |  | 1997 |  |  |  |  | 1998 |  |  |  |  | 1999 |  |  |  |  | 2000 |  |  |  |  | 2001 |  |  |  |  | 2002 |  |  |  |  | 2003 |  |  |  |  | 2004 |  |  |  |  | 2005 |  |  |  |  | 2006 |  |  |  |  | 2007 |  |  |  |  | 2008 |  |  |  |  | 2009 |  |  |  |  | 2010 |  |  |  |  | 2011 |  |  |  |  | 2012
 | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 1995 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 1996 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 1997 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 1998 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 1999 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2000 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2001 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2002 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2003 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2004 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2005 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2006 Totals | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2007 Totals | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2008 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2009 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2010 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2011 Total | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | 2012 Total
Seed | 125 | 95 | 95 | 116 | 431 | 130 | 140 | 97 | 137 | 504 | 163 | 120 | 120 | 139 | 542 | 152 | 162 | 164 | 192 | 670 | 166 | 211 | 249 | 185 | 811 | 196 | 197 | 172 | 137 | 702 | 80 | 73 | 68 | 58 | 279 | 47 | 53 | 40 | 41 | 181 | 57 | 60 | 44 | 55 | 216 | 46 | 75 | 45 | 68 | 234 | 52 | 68 | 68 | 76 | 264 | 82 | 93 | 120 | 100 | 395 | 90 | 139 | 136 | 159 | 524 | 136 | 134 | 156 | 112 | 538 | 70 | 87 | 100 | 119 | 376 | 93 | 119 | 99 | 97 | 408 | 94 | 129 | 112 | 108 | 443 | 60 | 76 | 71 | 67 | 274
Early Stage | 131 | 136 | 116 | 137 | 520 | 148 | 206 | 175 | 225 | 754 | 201 | 208 | 228 | 258 | 895 | 242 | 221 | 243 | 314 | 1020 | 246 | 380 | 448 | 662 | 1736 | 764 | 793 | 680 | 619 | 2856 | 435 | 338 | 271 | 254 | 1298 | 246 | 240 | 194 | 193 | 873 | 188 | 215 | 183 | 213 | 799 | 207 | 238 | 222 | 232 | 899 | 212 | 219 | 215 | 214 | 860 | 206 | 241 | 236 | 319 | 1002 | 257 | 326 | 257 | 289 | 1129 | 266 | 301 | 284 | 287 | 1138 | 195 | 213 | 244 | 321 | 973 | 268 | 362 | 307 | 334 | 1271 | 344 | 390 | 399 | 422 | 1555 | 348 | 432 | 410 | 448 | 1638
Expansion | 187 | 179 | 164 | 176 | 706 | 235 | 247 | 245 | 319 | 1046 | 311 | 361 | 320 | 411 | 1403 | 367 | 407 | 408 | 394 | 1576 | 384 | 568 | 596 | 901 | 2449 | 1011 | 982 | 899 | 815 | 3707 | 651 | 671 | 543 | 528 | 2393 | 410 | 448 | 346 | 380 | 1584 | 346 | 319 | 336 | 352 | 1353 | 281 | 349 | 260 | 310 | 1200 | 275 | 295 | 242 | 304 | 1116 | 326 | 357 | 342 | 346 | 1371 | 278 | 321 | 320 | 360 | 1279 | 343 | 331 | 282 | 285 | 1241 | 184 | 217 | 219 | 270 | 890 | 251 | 300 | 245 | 277 | 1073 | 225 | 275 | 276 | 246 | 1022 | 221 | 250 | 245 | 240 | 956
Later Stage | 61 | 55 | 59 | 65 | 240 | 73 | 83 | 86 | 96 | 338 | 100 | 87 | 90 | 106 | 383 | 108 | 121 | 114 | 124 | 467 | 140 | 174 | 150 | 145 | 609 | 192 | 171 | 207 | 209 | 779 | 155 | 156 | 148 | 161 | 620 | 160 | 136 | 129 | 138 | 563 | 132 | 160 | 167 | 192 | 651 | 205 | 216 | 195 | 267 | 883 | 223 | 278 | 286 | 272 | 1059 | 290 | 315 | 253 | 253 | 1111 | 282 | 326 | 334 | 337 | 1279 | 309 | 337 | 324 | 276 | 1246 | 229 | 244 | 197 | 231 | 901 | 204 | 238 | 230 | 198 | 870 | 234 | 279 | 212 | 192 | 917 | 227 | 197 | 193 | 213 | 830
Grand Total | 504 | 465 | 434 | 494 | 1897 | 586 | 676 | 603 | 777 | 2642 | 775 | 776 | 758 | 914 | 3223 | 869 | 911 | 929 | 1024 | 3733 | 936 | 1333 | 1443 | 1893 | 5605 | 2163 | 2143 | 1958 | 1780 | 8044 | 1321 | 1238 | 1030 | 1001 | 4590 | 863 | 877 | 709 | 752 | 3201 | 723 | 754 | 730 | 812 | 3019 | 739 | 878 | 722 | 877 | 3216 | 762 | 860 | 811 | 866 | 3299 | 904 | 1006 | 951 | 1018 | 3879 | 907 | 1112 | 1047 | 1145 | 4211 | 1054 | 1103 | 1046 | 960 | 4163 | 678 | 761 | 760 | 941 | 3140 | 816 | 1019 | 881 | 906 | 3622 | 897 | 1073 | 999 | 968 | 3937 | 856 | 955 | 919 | 968 | 3698
 | Source:  PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data:  Thomson Reuters