PitchBook News - Ranking Q2's most active investors

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The Daily Pitch: VC

August 25, 2022

The Daily Pitch is powered by PitchBook’s industry-defining research and best-in-class data

In today's Daily Pitch, you'll find:

Our analyst note breaking down key data in publicly traded US PE firms' Q2 earnings.

Our Q2 2022 Global League Tables, ranking the top investors, advisers and more across PE and VC.

Public listing valuations for Europe's VC-backed companies have fallen as investors and startups avoid exits.

Today's Top Stories

Ranking the most active investors of Q2

The private equity and venture capital ecosystems have shown resilience through an uncertain year. While macro headwinds hampered dealmaking to some extent, investors are still finding areas of opportunity.

Curious who led the way last quarter? PitchBook's interactive Global League Tables are now available for Q2 2022, spanning the full spectrum of private market activity. The tables break down the most active investors by region, industry, deal type and more, along with ranking advisers, acquirers and law firms.

see the rankings

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European VC public listing retreat drags down valuations

(John Blottman/Shutterstock)

As investors and VC-backed companies shy from public market exits, valuations for public listings have fallen by a substantial amount.

The median price tag declined 56.9% in H1 2022 from last year, and with a recession in sight, numbers could fall further.

Recommended Reads

A bumper year for M&A dealmaking could result in a painful hangover as companies try to keep doing business in a new world. [The Economist]

Mapping out the most business-friendly states in the US. [Visual Capitalist]

The SPAC winter is so bad that one advisory firm has opened a liquidation business. [Bloomberg]

Since yesterday, the PitchBook Platform added:

10

VC valuations

1953

People

579

Companies

40

Funds

See what our data software can do

Quick Takes

	The Daily Benchmark
	2015 Vintage Global Real Estate Funds
	VC Deals
	Zilliz adds $60M to Series B
	Carbon Direct raises $60M
	Petfolk wraps up $40M
	Lily AI picks up $25M Series B
	Spectral banks $23M
	DrivenIQ raises $15M Series A
	Fundraising
	Cyberstarts wraps up $60M

The Daily Benchmark

2015 Vintage Global Real Estate Funds

Median IRR

12.09%

Top Quartile IRR

14.71%

1.36x

Median TVPI

Select top performers

Cortland Partners Fund II

GreenOak Asia II

Oak Street Real Estate Capital Fund III

*IRR: net of fees

81 Funds in Benchmark »

Check out the latest version of PitchBook Benchmarks

VC Deals

Zilliz adds $60M to Series B

Zilliz has raised a $60 million Series B extension, bringing the round's total to $103 million. Prosperity7 Ventures led the new financing for the San Francisco-based vector database company.

View round

View 1 competitors »

Carbon Direct raises $60M

Carbon Direct has raised $60 million in a round led by Decarbonization Partners. The company's carbon credit platform helps businesses measure, reduce and remove carbon emissions.

View round

View similar company »

Petfolk wraps up $40M

Petfolk has raised a $40 million Series A led by White Star Capital and co-founder Michael Wystrach. The company offers in-person and virtual veterinary care services.

View round

View similar company »

Lily AI picks up $25M Series B

Lily AI has raised $25 million from investors including Canaan Partners, Conductive Ventures, Sorenson Ventures and NEA. The California-based company's platform helps retail brands connect their shoppers with relevant products.

View round

View 3 competitors »

Spectral banks $23M

Spectral has raised $23 million in a round led by General Catalyst and Social Capital. The company is the developer of a credit assessment platform for Web3 users.

View round

View similar company »

DrivenIQ raises $15M Series A

DrivenIQ has raised $15 million in a round backed by Capstone Technologies Group. Based in Maryland, the company uses consumer data to provide marketing solutions for small, medium and enterprise businesses.

View round

View 4 competitors »

Fundraising

Cyberstarts wraps up $60M

Cyberstarts has closed its Seed Fund III on $60 million. The vehicle, which will target early-stage cybersecurity companies, brings the Israeli VC firm's AUM to $374 million.

View fund

View 11 investments »

Chart of the Day

"European exit value reached €25.8 billion in H1 2022, continuing the regression from a bumper 2021. At its current pace, exit value is on course to fall from the €136.5 billion produced in 2021, but could register the second highest figure on record at the year's conclusion."

Source: Q2 2022 European Venture Report

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