Startup Financing Report 2013-01-07

 

Startup Financing Report

2013-01-07

( for the Week of 2013-01-31 to 2013-01-06 )

The Startup Financing Report is published each Monday on WITNESSETH: Law, Deals, & Data. This Report tracks startup-company financing activity reported during the prior week. The data is based on Form D disclosures filed with the Securities and Exchange Commission. The individual deals underlying the data can be accessed here for new companies, here for all companies, and here for venture capital funds. The numbers in this beta version of the report are preliminary and subject to later update.

Weekly Synopsis:

This is the first weekly Startup Financing Report. The number of deals and dollar volume for operating companies are up sharply from the week before, but the week before was slow because of the holiday period. Overall, startup company financings are roughly tracking the same period last year, with deal numbers down and dollar volume up from last year. Venture capital fund raising dollar volume is up dramatically this week over last week and over the same period last year, but almost all of that increase resulted from a more than $4 billion raise by EnCap Energy Capital Fund IX. The fund's filings characterizes it as "venture capital" (rather than "private equity," as were described several previous EnCap funds, such as EnCap Capital Fund VIII) but it arguably falls outside the traditional venture capital category. We will follow and update this development as this is either big news in venture capital or somewhat ordinary news in private equity. See the venture capital funds page for details. UPDATED: 2013-01-13.

All Operating Companies Raising Money
	Weekly	% Change from Week Before	% Change from Same Period Last Year	Year to Date Total
Number of Deals	102	-24.4 %	-55.3 %	102
Total Offering Amount	$ 709,280,013	13.4 %	-22.4 %	$ 709,280,013
Total Amount Sold	$ 628,807,312	10.6 %	-5.6 %	$ 628,807,312
Total Number of Investors	977	-33.4 %	-68.5 %	977
* Total Offering Amount is the total size of the offering. Total Amount Sold is the amount of the offering that had been sold as of the report date.

New Operating Companies** Raising Money
	Weekly	% Change from Week Before	% Change from Same Period Last Year	Year to Date Total
Number of Deals	58	-17.1 %	-53.6 %	58
Total Offering Amount	$ 535,871,116	26.3 %	-7.1 %	$ 535,871,116
Total Amount Sold	$ 432,393,401	23 %	33.31 %	$ 432,393,401
Total Number of Investors	686	-2.7 %	-56.2 %	686
* Total Offering Amount is the total size of the offering. Total Amount Sold is the amount of the offering that had been sold as of the report date. ** New Operating Companies are those that have not previously filed any SEC documents.

Venture Capital Funds Raising Money
	Weekly	% Change from Week Before	% Change from Same Period Last Year	Year to Date Total
Number of Financings	12	33.3 %	33.3 %	12
Total Offering Amount	$ 5,422,231,289	912 %	2100.3 %	$ 5,422,231,289
Total Amount Sold	$ 5,101,016,956	1104.2 %	2510.94 %	$ 5,101,016,956
Total Number of Investors	390	34.5 %	-3.5 %	390
* Total Offering Amount is the total size of the offering. Total Amount Sold is the amount of the offering that had been sold as of the report date.

Legal Structure of Operating Companies
	New Operating Companies		All Operating Companies
	2012 Totals	2013 Year to Date	2012 Totals	2013 Year to Date
Corporation	38.6 %	41.4 %	51 %	52.9 %
Limited Liability Company	49.5 %	41.4 %	38.7 %	34.3 %

 

Archived Startup Financing Reports
2013-01-07	Startup Financing Report	All Companies	New Companies	Venture Funds

Notes: For information about the methodology used in this report, see here.