US venture fundraising 2010 — Q2'17 $14 80 70 $12 60 $10 50 $8 40 $6 30 $4 20 $2 10 $0 0 1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q 2010 2011 2012 2013 2014 2015 2016 2017 Capital raised ($B) # of funds raised Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. Data provided by PitchBook, July 13, 2017. After a highly elevated period for venture fundraising volume in the US — stretching back to early 2014 barring a couple quarterly quirks — Q2’17 saw a sharp turn down in volume even as value skewed sharply up, boosted significantly by New Enterprise Associates’ $3.3 billion capital pool closing. © 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