Dashboard: Fundraising, deals and exits fall in February

Fundraising (value down 28%)

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Fundraising for U.S.-based venture firms dropped in February, racking up nearly $1.48 billion compared to January’s $2.0 billion. Formation Group led the way, collecting $357 million for its maiden fund. Greycroft Partners came in second, pooling $250 million for its second growth equity fund.

Deals (value fell 37%)

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Deal value fell in February to slightly more than $2.1 billion, down from $3.3 billion in January. The deal count was also down 209, from 294 the month before. The top U.S.-based venture deal of the month was for cloud-based unified communications platform provider Fuze, which raised $104 million from Bessemer Venture Partners and others.

M&A (value down 52%)

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Venture-backed M&A fell to $1.12 billion in February from $2.34 billion in January. A total of 28 companies backed by U.S. firms were acquired, with five disclosing their financials. The top deal was SimpliVity Inc’s sale to Hewlett Packard Enterprise Co for $650 million.

IPO (value down 100%)

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There were zero venture-backed IPOs in February, compared with three in January.

Source: Based on Thomson Reuters data

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Red arrows designed by Janet Yuen for VCJ