Spreadsheet: 3ba8d0b2-0aa3-4979-a83d-3738efc667fa
Sheet: by Stage of Dev

 |  |  |  |  |  | PricewaterhouseCoopers/National Venture Capital Association
 |  |  |  |  |  | MoneyTree™ Report, Data: Thomson Reuters
 |  |  |  |  |  | Investments by Stage of Development Q1 1995 - Q2 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 | 2012 Total
Seed | 312888600 | 397360500 | 229865000 | 329758500 | 1269872600 | 322706900 | 431946600 | 200618600 | 316454900 | 1271727000 | 400584900 | 330828800 | 323323300 | 319500100 | 1374237100 | 402564100 | 426424500 | 459900600 | 478584200 | 1767473400 | 591538500 | 840442200 | 981810300 | 1244526000 | 3658317000 | 806969400 | 984135300 | 878262600 | 486770300 | 3156137600 | 256618000 | 265258000 | 128532700 | 150318800 | 800727500 | 76447000 | 93461200 | 84173000 | 86078200 | 340159400 | 84506000 | 95165000 | 100280200 | 86279300 | 366230500 | 104750100 | 124314200 | 168029400 | 554531100 | 951624800 | 148537900 | 532473700 | 160231600 | 162737300 | 1003980500 | 243742100 | 374019000 | 364600400 | 306201400 | 1288562900 | 315840600 | 483232300 | 457029600 | 562474600 | 1818577100 | 458551400 | 535831500 | 557882500 | 364854100 | 1917119500 | 312685200 | 608750500 | 525975300 | 360957800 | 1808368800 | 411176400 | 690103800 | 342952000 | 236133900 | 1680366100 | 223040900 | 422808000 | 217977800 | 185937100 | 1049763800 | 149558400 | 199446100 | 349004500
Early Stage | 409044000 | 393640100 | 366833200 | 564068400 | 1733585700 | 597800100 | 713956500 | 574605400 | 753884700 | 2640246700 | 769491400 | 846833700 | 760053700 | 1044092700 | 3420471500 | 1133106100 | 1014452100 | 1290595400 | 1990618000 | 5428771600 | 1238438900 | 1991817500 | 2661840500 | 5490380100 | 11382477000 | 7150955800 | 6932392500 | 5920250400 | 5358480000 | 25362078700 | 3461456000 | 2103299600 | 1702071200 | 1332535000 | 8599361800 | 1181566000 | 1133638100 | 849274100 | 797960600 | 3962438800 | 691031100 | 1017873000 | 811802000 | 1095971400 | 3616677500 | 912798400 | 1025831300 | 1026623000 | 1086586500 | 4051839200 | 862366200 | 1001579500 | 1204804800 | 994815800 | 4063566300 | 896748300 | 949207500 | 1101808700 | 1683575900 | 4631340400 | 1325733300 | 1666925400 | 1283258100 | 1774206100 | 6050122900 | 1387969600 | 1481699600 | 1376727400 | 1455483600 | 5701880200 | 753901500 | 1167541900 | 1201690900 | 1753442200 | 4876576500 | 1141067600 | 1741043900 | 1385446400 | 1548854300 | 5816412200 | 1823065100 | 2228766600 | 2479974800 | 2359061200 | 8890867700 | 1813136800 | 2137166200 | 3950303000
Expansion | 634821400 | 1328157300 | 805709800 | 805673100 | 3574361600 | 1162745500 | 1509945500 | 1276969600 | 1605362200 | 5555022800 | 1373721200 | 1963106000 | 1983642300 | 2300969000 | 7621438500 | 1728634200 | 3167586800 | 2703687900 | 2563663100 | 10163572000 | 3210399100 | 5498545400 | 7347055900 | 13411447600 | 29467448000 | 16111094600 | 15762482000 | 15229075000 | 11994577500 | 59097229100 | 6913556100 | 6638331300 | 4561768400 | 4748062700 | 22861718500 | 3803575300 | 3552284300 | 2496280800 | 2318467900 | 12170608300 | 2463709700 | 2486886400 | 2197805800 | 2607723000 | 9756124900 | 2063318900 | 2730003900 | 2032119800 | 2269714800 | 9095157400 | 2139054300 | 2365404100 | 1759258500 | 2370052500 | 8633769400 | 2622921700 | 3194816700 | 2858967600 | 2508382700 | 11185088700 | 2794974200 | 2352389800 | 3116096300 | 3010354500 | 11273814800 | 3450383700 | 2722284400 | 2564310100 | 2145544500 | 10882522700 | 1202474800 | 1784047300 | 1820428400 | 1953767200 | 6760717700 | 1884937900 | 2809006900 | 1695503400 | 2416717900 | 8806166100 | 2275522800 | 2382303100 | 2548745200 | 2524059500 | 9730630600 | 1764092800 | 2621532500 | 4385625300
Later Stage | 338211500 | 427972500 | 295989600 | 361107900 | 1423281500 | 342044500 | 460281400 | 545424700 | 536493000 | 1884243600 | 516587800 | 531608700 | 656317400 | 795948200 | 2500462100 | 843147400 | 977065100 | 912078800 | 1129860500 | 3862151800 | 1594201700 | 2749191200 | 2597539400 | 3228381500 | 10169313800 | 4382870800 | 4339261400 | 4592975100 | 4278073500 | 17593180800 | 2458731500 | 2512608300 | 1890415400 | 1903365700 | 8765120900 | 1930483600 | 1341783600 | 1110016100 | 1359427400 | 5741710700 | 1149551000 | 1386850800 | 1516013800 | 1858646400 | 5911062000 | 2312575500 | 2466328900 | 1816885000 | 2540368300 | 9136157700 | 2080711500 | 2506128300 | 2966019300 | 2335543700 | 9888402800 | 2870236500 | 2781766000 | 2529241000 | 2267563000 | 10448806500 | 3106318600 | 3248479200 | 3366363300 | 3093834800 | 12814995900 | 2836265800 | 3318081200 | 3160005200 | 2235230800 | 11549583000 | 1592991400 | 1493435800 | 1813699400 | 1809741600 | 6709868200 | 1758338000 | 1891712900 | 2012387600 | 1418727500 | 7081166000 | 2416268300 | 2972356200 | 2445366500 | 2025155600 | 9859146600 | 2317049500 | 2086346800 | 4403396300
Grand Total | 1694965500 | 2547130400 | 1698397600 | 2060607900 | 8001101400 | 2425297000 | 3116130000 | 2597618300 | 3212194800 | 11351240100 | 3060385300 | 3672377200 | 3723336700 | 4460510000 | 14916609200 | 4107451800 | 5585528500 | 5366262700 | 6162725800 | 21221968800 | 6634578200 | 11079996300 | 13588246100 | 23374735200 | 54677555800 | 28451890600 | 28018271200 | 26620563100 | 22117901300 | 105208626200 | 13090361600 | 11519497200 | 8282787700 | 8134282200 | 41026928700 | 6992071900 | 6121167200 | 4539744000 | 4561934100 | 22214917200 | 4388797800 | 4986775200 | 4625901800 | 5648620100 | 19650094900 | 5393442900 | 6346478300 | 5043657200 | 6451200700 | 23234779100 | 5230669900 | 6405585600 | 6090314200 | 5863149300 | 23589719000 | 6633648600 | 7299809200 | 6854617700 | 6765723000 | 27553798500 | 7542866700 | 7751026700 | 8222747300 | 8440870000 | 31957510700 | 8133170500 | 8057896700 | 7658925200 | 6201113000 | 30051105400 | 3862052900 | 5053775500 | 5361794000 | 5877908800 | 20155531200 | 5195519900 | 7131867500 | 5436289400 | 5620433600 | 23384110400 | 6737897100 | 8006233900 | 7692064300 | 7094213400 | 29530408700 | 6043837500 | 7044491600 | 13088329100
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 | 2012 Total
Seed | 126 | 96 | 95 | 116 | 433 | 130 | 140 | 97 | 136 | 503 | 163 | 120 | 120 | 139 | 542 | 152 | 162 | 164 | 193 | 671 | 166 | 211 | 248 | 185 | 810 | 196 | 197 | 172 | 136 | 701 | 80 | 73 | 68 | 58 | 279 | 47 | 53 | 40 | 41 | 181 | 56 | 60 | 43 | 54 | 213 | 46 | 75 | 45 | 66 | 232 | 52 | 69 | 66 | 76 | 263 | 81 | 93 | 120 | 100 | 394 | 89 | 139 | 136 | 159 | 523 | 135 | 135 | 156 | 110 | 536 | 69 | 86 | 100 | 117 | 372 | 91 | 118 | 100 | 96 | 405 | 91 | 130 | 109 | 101 | 431 | 55 | 63 | 118
Early Stage | 131 | 137 | 116 | 137 | 521 | 148 | 206 | 175 | 223 | 752 | 201 | 208 | 228 | 258 | 895 | 243 | 221 | 243 | 312 | 1019 | 248 | 380 | 448 | 659 | 1735 | 766 | 791 | 681 | 620 | 2858 | 435 | 339 | 270 | 255 | 1299 | 246 | 242 | 193 | 194 | 875 | 189 | 216 | 186 | 211 | 802 | 207 | 236 | 219 | 228 | 890 | 211 | 218 | 217 | 210 | 856 | 203 | 242 | 235 | 315 | 995 | 254 | 317 | 250 | 283 | 1104 | 263 | 297 | 279 | 285 | 1124 | 193 | 213 | 238 | 320 | 964 | 263 | 360 | 305 | 331 | 1259 | 335 | 381 | 381 | 398 | 1495 | 321 | 410 | 731
Expansion | 188 | 179 | 166 | 175 | 708 | 237 | 247 | 245 | 320 | 1049 | 312 | 364 | 321 | 411 | 1408 | 365 | 406 | 405 | 396 | 1572 | 384 | 568 | 595 | 901 | 2448 | 1010 | 981 | 895 | 815 | 3701 | 650 | 671 | 542 | 529 | 2392 | 409 | 448 | 346 | 379 | 1582 | 345 | 317 | 334 | 349 | 1345 | 280 | 350 | 260 | 310 | 1200 | 274 | 295 | 242 | 302 | 1113 | 328 | 355 | 340 | 339 | 1362 | 280 | 321 | 321 | 360 | 1282 | 345 | 333 | 282 | 282 | 1242 | 180 | 218 | 218 | 266 | 882 | 251 | 299 | 243 | 277 | 1070 | 223 | 272 | 274 | 239 | 1008 | 217 | 232 | 449
Later Stage | 60 | 55 | 57 | 62 | 234 | 71 | 83 | 86 | 95 | 335 | 98 | 87 | 89 | 106 | 380 | 108 | 122 | 112 | 123 | 465 | 138 | 173 | 150 | 143 | 604 | 192 | 170 | 206 | 206 | 774 | 154 | 155 | 149 | 160 | 618 | 160 | 136 | 129 | 138 | 563 | 131 | 160 | 165 | 191 | 647 | 205 | 215 | 192 | 264 | 876 | 222 | 275 | 285 | 271 | 1053 | 289 | 314 | 253 | 251 | 1107 | 281 | 321 | 334 | 335 | 1271 | 311 | 339 | 328 | 276 | 1254 | 231 | 241 | 193 | 226 | 891 | 204 | 238 | 231 | 191 | 864 | 236 | 274 | 207 | 183 | 900 | 216 | 193 | 409
Grand Total | 505 | 467 | 434 | 490 | 1896 | 586 | 676 | 603 | 774 | 2639 | 774 | 779 | 758 | 914 | 3225 | 868 | 911 | 924 | 1024 | 3727 | 936 | 1332 | 1441 | 1888 | 5597 | 2164 | 2139 | 1954 | 1777 | 8034 | 1319 | 1238 | 1029 | 1002 | 4588 | 862 | 879 | 708 | 752 | 3201 | 721 | 753 | 728 | 805 | 3007 | 738 | 876 | 716 | 868 | 3198 | 759 | 857 | 810 | 859 | 3285 | 901 | 1004 | 948 | 1005 | 3858 | 904 | 1098 | 1041 | 1137 | 4180 | 1054 | 1104 | 1045 | 953 | 4156 | 673 | 758 | 749 | 929 | 3109 | 809 | 1015 | 879 | 895 | 3598 | 885 | 1057 | 971 | 921 | 3834 | 809 | 898 | 1707
 | Source:  PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data:  Thomson Reuters