Spreadsheet: 14334f31-0ede-4a9d-82e3-26cb029fc023
Sheet: by Stage of Dev

 |  |  |  |  |  | PricewaterhouseCoopers/National Venture Capital Association
 |  |  |  |  |  | MoneyTree™ Report, Data: Thomson Reuters
 |  |  |  |  |  | Investments by Stage of Development Q1 1995 - Q3 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 | 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 | 86279300 | 366230500 | 104750100 | 124314200 | 168029400 | 554531000 | 951624700 | 148537900 | 532473700 | 161001700 | 162737300 | 1004750600 | 246742100 | 374019000 | 364600400 | 306201400 | 1291562900 | 319340600 | 489232300 | 455031600 | 562474600 | 1826079100 | 466251400 | 535331500 | 557882300 | 364854100 | 1924319300 | 319685100 | 675185300 | 525975300 | 362595100 | 1883440800 | 407856400 | 686103800 | 332864000 | 230133900 | 1656958100 | 225172900 | 426958000 | 220241700 | 183862200 | 1056234800 | 153583400 | 229286700 | 178116300 | 560986400
Early Stage | 409044000 | 393640100 | 366833200 | 564068400 | 1733585700 | 597800100 | 713956500 | 574605400 | 754119700 | 2640481700 | 769491400 | 846833700 | 760053700 | 1044092700 | 3420471500 | 1132006100 | 1014452100 | 1290395400 | 1990618000 | 5427471600 | 1228984900 | 1993697100 | 2661840500 | 5490688000 | 11375210500 | 7145955800 | 6938892800 | 5920250400 | 5349480000 | 25354579000 | 3461456000 | 2103299600 | 1702071200 | 1332535000 | 8599361800 | 1181566000 | 1133638100 | 849654100 | 796210700 | 3961068900 | 690031100 | 1017873000 | 811802000 | 1095971400 | 3615677500 | 912798400 | 1025831300 | 1028608000 | 1086586500 | 4053824200 | 862366200 | 999579500 | 1196332800 | 994815800 | 4053094300 | 922101300 | 1018417500 | 1101808700 | 1666575900 | 4708903400 | 1327283500 | 1679269500 | 1303135200 | 1774206100 | 6083894300 | 1395969700 | 1485311600 | 1362696000 | 1457084600 | 5701061900 | 766851400 | 1177409900 | 1206809900 | 1742104900 | 4893176100 | 1146481600 | 1743708900 | 1413594400 | 1565745300 | 5869530200 | 1839905600 | 2253764700 | 2154938400 | 2383827200 | 8632435900 | 1897568900 | 2197189500 | 1728080200 | 5822838600
Expansion | 634821400 | 1328157300 | 801069700 | 815673100 | 3579721500 | 1146885500 | 1509945500 | 1276969600 | 1605351200 | 5539151800 | 1363721200 | 1965106000 | 1970643400 | 2300969000 | 7600439600 | 1740284200 | 3359086800 | 2725687900 | 2543663100 | 10368722000 | 3216299600 | 5498545400 | 7355069900 | 13419492600 | 29489407500 | 16124948800 | 15763982000 | 15233914000 | 11994576000 | 59117420800 | 6945136100 | 6623731000 | 4563768500 | 4767062700 | 22899698300 | 3804826300 | 3553283300 | 2496304000 | 2326266800 | 12180680400 | 2468748800 | 2513763200 | 2202555800 | 2614339000 | 9799406800 | 2063318900 | 2730004900 | 2032119800 | 2259714900 | 9085158500 | 2139404300 | 2362602100 | 1759258500 | 2369053500 | 8630318400 | 2617921700 | 3197316800 | 2864641600 | 2508508100 | 11188388200 | 2775474200 | 2376950800 | 3135827300 | 3007354500 | 11295606800 | 3427525400 | 2696449600 | 2564310100 | 2181544500 | 10869829600 | 1220475000 | 1770297000 | 1823428400 | 1990575500 | 6804775900 | 1861901900 | 2775890900 | 1687503700 | 2422571900 | 8747868400 | 2252290800 | 2416046500 | 2505446200 | 2598442200 | 9772225700 | 1781876600 | 2700649000 | 2613655300 | 7096180900
Later Stage | 344451500 | 427972500 | 307989600 | 361107900 | 1441521500 | 356399500 | 460281400 | 545424700 | 536776000 | 1898881600 | 541187800 | 531608700 | 669316400 | 795948200 | 2538061100 | 870146400 | 977065100 | 915578800 | 1130301500 | 3893091800 | 1601197700 | 2749191200 | 2597539400 | 3256594500 | 10204522800 | 4382870800 | 4340611400 | 4594554100 | 4280073500 | 17598109800 | 2447554500 | 2513108300 | 1890415400 | 1906001700 | 8757079900 | 1930483600 | 1341783600 | 1110016100 | 1359427400 | 5741710700 | 1159551000 | 1368671000 | 1519013800 | 1858646400 | 5905882200 | 2312575500 | 2466328900 | 1867584900 | 2540368400 | 9186857700 | 2080711500 | 2548128200 | 2966019300 | 2335543700 | 9930402700 | 2847363500 | 2796765900 | 2529240900 | 2288366000 | 10461736300 | 3108568600 | 3289850200 | 3366363300 | 3093334800 | 12858116900 | 2836266200 | 3365132200 | 3154255400 | 2239530800 | 11595184600 | 1603637400 | 1560247000 | 1884229200 | 1821366500 | 6869480100 | 1767392000 | 1924642100 | 1985389800 | 1431875500 | 7109299400 | 2416046300 | 3032723100 | 2459277500 | 2075039300 | 9983086200 | 2353576100 | 2184004500 | 1968425500 | 6506006100
Grand Total | 1704960500 | 2546374400 | 1705757500 | 2070607900 | 8027700300 | 2423792000 | 3116130000 | 2597618300 | 3212701800 | 11350242100 | 3074985300 | 3674377200 | 3723336800 | 4460510000 | 14933209300 | 4145000800 | 5777028500 | 5391562700 | 6141864800 | 21455456800 | 6638020700 | 11081875900 | 13604135100 | 23411301100 | 54735332800 | 28460744800 | 28027621500 | 26626981100 | 22110899800 | 105226247200 | 13110764600 | 11505396900 | 8284787800 | 8155918200 | 41056867500 | 6993322900 | 6122166200 | 4540147200 | 4567983100 | 22223619400 | 4402836900 | 4995472200 | 4633651800 | 5655236100 | 19687197000 | 5393442900 | 6346479300 | 5096342100 | 6441200800 | 23277465100 | 5231019900 | 6442783500 | 6082612300 | 5862150300 | 23618566000 | 6634128600 | 7386519200 | 6860291600 | 6769651400 | 27650590800 | 7530666900 | 7835302800 | 8260357400 | 8437370000 | 32063697100 | 8126012700 | 8082224900 | 7639143800 | 6243014000 | 30090395400 | 3910648900 | 5183139200 | 5440442800 | 5916642000 | 20450872900 | 5183631900 | 7130345700 | 5419351900 | 5650326600 | 23383656100 | 6733415600 | 8129492300 | 7339903800 | 7241170900 | 29443982600 | 6186605000 | 7311129700 | 6488277300 | 19986012000
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 | 2012 Total
Seed | 125 | 95 | 95 | 116 | 431 | 130 | 140 | 97 | 136 | 503 | 163 | 120 | 120 | 139 | 542 | 152 | 162 | 164 | 192 | 670 | 166 | 211 | 249 | 185 | 811 | 196 | 197 | 172 | 136 | 701 | 80 | 73 | 68 | 58 | 279 | 47 | 53 | 40 | 41 | 181 | 57 | 60 | 44 | 55 | 216 | 46 | 75 | 45 | 68 | 234 | 52 | 69 | 67 | 76 | 264 | 82 | 93 | 120 | 100 | 395 | 90 | 139 | 136 | 160 | 525 | 136 | 134 | 156 | 112 | 538 | 70 | 87 | 100 | 119 | 376 | 93 | 119 | 98 | 97 | 407 | 92 | 130 | 111 | 105 | 438 | 57 | 72 | 67 | 196
Early Stage | 131 | 136 | 116 | 137 | 520 | 148 | 206 | 175 | 225 | 754 | 201 | 208 | 228 | 258 | 895 | 241 | 221 | 243 | 312 | 1017 | 246 | 380 | 448 | 661 | 1735 | 764 | 793 | 681 | 619 | 2857 | 436 | 339 | 270 | 255 | 1300 | 246 | 242 | 194 | 194 | 876 | 189 | 215 | 185 | 211 | 800 | 209 | 237 | 222 | 228 | 896 | 211 | 218 | 216 | 210 | 855 | 205 | 241 | 235 | 315 | 996 | 253 | 323 | 257 | 283 | 1116 | 264 | 299 | 280 | 287 | 1130 | 193 | 214 | 239 | 320 | 966 | 267 | 362 | 307 | 333 | 1269 | 343 | 387 | 395 | 413 | 1538 | 335 | 424 | 395 | 1154
Expansion | 188 | 179 | 165 | 176 | 708 | 236 | 247 | 245 | 320 | 1048 | 311 | 362 | 320 | 411 | 1404 | 366 | 407 | 408 | 395 | 1576 | 385 | 568 | 596 | 903 | 2452 | 1011 | 982 | 897 | 815 | 3705 | 652 | 671 | 543 | 529 | 2395 | 410 | 448 | 347 | 380 | 1585 | 346 | 320 | 336 | 352 | 1354 | 280 | 350 | 260 | 309 | 1199 | 275 | 295 | 242 | 304 | 1116 | 327 | 357 | 342 | 343 | 1369 | 280 | 323 | 321 | 359 | 1283 | 344 | 330 | 283 | 287 | 1244 | 183 | 217 | 219 | 267 | 886 | 249 | 297 | 242 | 277 | 1065 | 225 | 272 | 273 | 242 | 1012 | 219 | 244 | 241 | 704
Later Stage | 61 | 55 | 58 | 65 | 239 | 73 | 83 | 86 | 96 | 338 | 99 | 87 | 90 | 106 | 382 | 109 | 122 | 113 | 124 | 468 | 139 | 173 | 150 | 144 | 606 | 192 | 171 | 208 | 208 | 779 | 155 | 156 | 149 | 161 | 621 | 160 | 136 | 129 | 138 | 563 | 132 | 160 | 167 | 191 | 650 | 205 | 215 | 196 | 265 | 881 | 222 | 277 | 285 | 271 | 1055 | 290 | 315 | 253 | 252 | 1110 | 282 | 326 | 334 | 337 | 1279 | 311 | 341 | 327 | 277 | 1256 | 234 | 241 | 198 | 231 | 904 | 206 | 239 | 230 | 195 | 870 | 234 | 279 | 213 | 192 | 918 | 225 | 195 | 187 | 607
Grand Total | 505 | 465 | 434 | 494 | 1898 | 587 | 676 | 603 | 777 | 2643 | 774 | 777 | 758 | 914 | 3223 | 868 | 912 | 928 | 1023 | 3731 | 936 | 1332 | 1443 | 1893 | 5604 | 2163 | 2143 | 1958 | 1778 | 8042 | 1323 | 1239 | 1030 | 1003 | 4595 | 863 | 879 | 710 | 753 | 3205 | 724 | 755 | 732 | 809 | 3020 | 740 | 877 | 723 | 870 | 3210 | 760 | 859 | 810 | 861 | 3290 | 904 | 1006 | 950 | 1010 | 3870 | 905 | 1111 | 1048 | 1139 | 4203 | 1055 | 1104 | 1046 | 963 | 4168 | 680 | 759 | 756 | 937 | 3132 | 815 | 1017 | 877 | 902 | 3611 | 894 | 1068 | 992 | 952 | 3906 | 836 | 935 | 890 | 2661
 | Source:  PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data:  Thomson Reuters