Median deal size ($M) by series in the US 2010 — H1'17 Seed Series A Series B $12.0 $11.8 $11.2 $10.0 $7.0 $7.0 $7.0 $7.0 $6.0 $5.0 $4.3 $3.5 $3.1 $2.8 $2.5 $2.4 $1.6 $1.4 $1.0 $0.7 $0.5 $0.5 $0.5 $0.5 2010 2011 2012 2013 2014 2015 2016 2017* $34 $30 $25 $25 $21 $21 $17 $16 $16 $15 $14 $12 $12 $12 $12 $10 2010 2011 2012 2013 2014 2015 2016 2017* Series C Series D+ Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. *As of 6/30/2017. Data provided by PitchBook, July 13, 2017. Note: Figures rounded in some cases for legibility. © 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