These shifts in strategy have created ripple effects across several key areas of the US Venture Capital landscape. The median age of startups raising early rounds of funding has increased to 2.42 years, up 38% over the last four years according to the most Q4 2017 Pitchbook-NVCA Venture Monitor, which has subsequently impacted later stages of investing from angel & seed, to Series A and Series B onward. Liquidity cycles have also been affected by this change in market dynamics, where companies are pushing off IPOs or other exits in favor of private capital to reach their growth goals. Where there have been liquidity events, sale prices have been exponentially larger than in years past, with the exit size of companies increasing almost 17% YOY (source: PitchBook). Similarly, round sizes continue to grow at every stage of the VC lifecycle, and if the record levels of unicorn activity persist – especially in the technology sectors – there follow-on investments are likely to continue.
Other Progress Ventures News
Progress Ventures Gains Liquidity Through the Sales of tvScientific to Pinterest
Pinterest, Inc., a leading AI-powered visual search and discovery platform, today announced it has entered into a definitive agreement to acquire tvScientific, a connected TV (CTV) performance advertising platform. For the first time, Pinterest will combine its intent-rich audience signals with a CTV engine, so marketers can clearly measure how TV lifts the results of […]
4Q25 Macro Economic Outlook
Progress Partners’ Senior Managing Director, Chris Legg and Progress Ventures’ Managing Partner, Adriaan Zur Muhlen, shared their perspective on the current macroeconomic conditions and the implications for strategic M&A transactions for the end of the year. Click here for presentation