Median deal size ($M) by series in the Americas 2010 — H1'17 Seed Series A Series B $12.0 $11.5 $11.3 $10.0 $7.1 $7.0 $7.0 $7.0 $6.0 $5.0 $4.2 $3.5 $3.1 $2.8 $2.5 $2.4 $1.6 $1.3 $1.0 $0.6 $0.4 $0.5 $0.5 $0.5 2010 2011 2012 2013 2014 2015 2016 2017* Series C Series D+ $34.0 $30.0 $25.1 $25.0 $22.0 $20.1 $17.3 $16.0 $16.0 $14.9 $15.0 $12.3 $12.0 $12.0 $12.0 $10.0 2010 2011 2012 2013 2014 2015 2016 2017* Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. *As of 6/30/2017. Data provided by PitchBook, July 13, 2017. Even as overall volume lowers, the fact median deal sizes are up across nearly every financing series — and are still historically high across the board — testify to the current dynamic of more than sufficient capital chasing fewer, more critically examined deals in developed venture ecosystems. © 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no client services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated. #Q2VC