Q1 2019 VC & PE Activity: CVCA Data Sneak Peek

April 30, 2019 | By: Darrell Pinto

According to preliminary data (final data is targeted to be published on May 28), the strong pace of VC investment continued its upward 5-year trend. $866M was invested over 129 deals, a 22% increase from the $708M invested over 150 deals in the first quarter of last year. The average deal size was $6.7M, 9% higher than the average for 2018 ($6.1M) and 6% higher than the 2017 average ($6.3M). There were seven $50M+ mega deals totalling $596M in Q1.

CVCA PE members report that the current high valuation environment continues to impact their deal flow. Only 115 deals closed in Q1 2019, fewer than in any of the last 7 quarters. The total disclosed value of these deals was $1.9B, a low mark not seen since the second quarter of 2015. Buyout and follow on investments made up 45% and debt deals constituted a third of the total disclosed value in Q1. The four largest deals were confidential and totaled $1B.

The CVCA thanks the following firms who participated in the Q1 2019 survey:

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