Deal share by series in the US Deal share by series in the US H1'17, VC invested ($B) 2016, VC invested ($B) 9.2% 9.1% Angel/seed 32.0% 32.5% 22.4% 20.1% Series A Series B Series C 17.0% 19.3% Series D+ 19.2% 19.1% Deal share by series in the US Deal share by series in the US 2016, number of closed deals H1’17, number of closed deals 4.1% 4.6% 5.4% 6.1% Angel/seed 10.7% 11.4% Series A Series B 53.8% 57.1% 22.8% Series C 24.1% Series D+ Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. 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