Venture financing in the Americas 2010 —Q2'17 $25 3,500 3,000 $20 2,500 $15 2,000 1,500 $10 1,000 $5 500 $0 0 1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q 2010 2011 2012 2013 2014 2015 2016 2017 Capital invested ($B) # of deals closed Angel/Seed Early VC Later VC Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. Data provided by PitchBook, July 13, 2017. Total venture capital invested bounced back to one of the higher quarters on historical record, even as volume stayed steady. Despite the impact of dry powder and late-stage outliers, as volume reverts to pre-2014 historical levels, such massive sums invested could level off. © 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