Global median deal size ($M) by series 2010 — H1'17 Seed Series A Series B $12.9 $12.0 $12.0 $10.0 $7.4 $7.0 $7.0 $7.0 $6.0 $5.0 $4.2 $3.5 $3.0 $2.8 $2.8 $2.5 $1.4 $1.0 $0.8 $0.5 $0.5 $0.4 $0.4 $0.4 2010 2011 2012 2013 2014 2015 2016 2017* Series C Series D+ $40.0 $35.9 $29.5 $27.0 $23.0 $21.5 $20.0 $16.0 $16.0 $15.0 $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. As more data points are aggregated throughout the passage of the year, it is clear that median deal sizes at every stage are either staying high or even increasing somewhat. This persistence can be attributed to hefty dry powder levels and continued demand for exposure to potentially high-growth assets. © 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