We acknowledge the contribution of the following individuals who assisted in the development of this publication: Jonathan Lavender, Global Chairman, KPMG Enterprise, KPMG International Brian Hughes, Co-Leader, KPMG Enterprise Innovative Startups Network, and National Co-Lead Partner, KPMG Venture Capital Practice, KPMG in the US Arik Speier, Co-Leader, KPMG Enterprise Innovative Startups Network, and Head of Technology, KPMG in Israel Andre Guedel, Head of Business Development, KPMG in Switzerland Anna Scally, Partner, Head of Technology and Media and Fintech Lead, KPMG in Ireland Conor Moore, National Co-Lead Partner, KPMG Venture Capital Practice, KPMG in the US Egidio Zarrella, Clients and Innovation Partner, KPMG Hong Kong Gary Silberg, Americas Head of Automotive and Partner, KPMG in the US Guillaume Cauchoix, Partner, KPMG in France Lindsay Hull, Associate Director, KPMG Enterprise Global Innovative Startups Network, KPMG in the US Lyndon Fung, US Capital Markets Group, KPMG China Marius Sternberg, Partner, KPMG in Germany Melany Eli, Global Head of Marketing and Communications, KPMG Enterprise, KPMG International Patrick Imbach, Co-Head of KPMG Tech Growth, KPMG in the UK Paul Ford, Partner, Deal Advisory, KPMG in Japan Philip Ng, Head of Technology, KPMG China Sreedhar Prasad, Partner, Internet Business and Startups, KPMG in India Sunil Mistry, Partner, KPMG Enterprise, Technology, Media and Telecommunications, KPMG in Canada © 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