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Latest Trends in Deal Terms

Latest Trends in Deal Terms

Latest trends in Angel deal terms.

Tytus Michalski

May 22, 2014
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  1. 2013: US$ 600k 2012: US$ 600k 2011: US$ 610k US

    Median Round Size (angel & angel groups only) Source: 2013 HALO Report, US data only
  2. 2013: US$ 931k 2012: US$ 857k 2011: US$ 950k US

    Mean Round Size (angel & angel groups only) Source: 2013 HALO Report, US data only
  3. 2013: US$ 1.7mln 2012: US$ 1.5mln 2011: US$ 1.5mln US

    Median Seed Round Size (angels & funds co-investing) Source: 2013 HALO Report, US data only
  4. 2013: US$ 2.5mln 2012: US$ 2.4mln 2011: US$ 2.4mln US

    Mean Seed Round Size (angels & funds co-investing) Source: 2013 HALO Report, US data only
  5. 75th %ile: US$ 5mln Average: US$ 3.7mln 25th %ile: US$

    2mln Pre-Money Valuation (4Q13 Global, AngelList) Source: AngelList
  6. 75th %ile: US$ 6mln Average: US$ 4.7mln 25th %ile: US$

    3mln Pre-Money Valuation (4Q13 Silicon Valley, AngelList) Source: AngelList
  7. Internet: 38.5% ↑ Healthcare: 19.6% ↓ Mobile: 16.2% ↑ US

    2013 Sector Trends (% of total deals) Source: 2013 HALO Report, US data only
  8. Seed(s): 30% Series A: 37% Series B: 16% When Do

    Exits Happen? (rounds before exits) Source: 2013 HALO Report, US data only