US venture activity ($B) by US region US venture activity (#) by US region 2014 — H1'17 2014 — H1'17 100% 100% West Coast 90% 90% Southeast 80% 80% South 70% 70% 60% 60% Other Territory 50% 50% New England 40% 40% Mountain 30% 30% 20% Midwest 20% 10% 10% Mid-Atlantic 0% 0% 4 5 * 4 5 * 1 1 16 7 1 1 16 7 0 0 1 0 0 1 Great Lakes 2 2 20 0 2 2 20 0 2 2 Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. *As of 6/30/2017. Data provided by PitchBook, July 13, 2017. © 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