COMPANY UPDATES

Mattermark Raises $7.3 Million Series B Led by Foundry Group, Valuing the Company at $42 Million

We’re so happy to share some big news, Mattermark has closed its Series B round of financing. We raised $7.3 million in new equity investment from Foundry Group and Jon Hallett, with participation from our existing investors. This is the second equity round for the company, which is now valued at $42 million, and brings our total funding to $18.4 million.

It’s been an incredible adventure; from shutting down Referly and restarting as Mattermark, launching with a 12-week old Read more.

© Mattermark 2016. Sources: Mattermark Research, Crunchbase, AngelList.

EDITORIAL

Surviving Whatever Comes Next

tl;dr Don’t want your company to die? Here’s what to do.

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The startup fundraising environment is in flux, and over the past two weeks the pace of change has accelerated rapidly. Throughout the ecosystem, blogging VCs and entrepreneurs alike are urging that it’s time to raise, even if you can’t get the valuation you hoped for. Others are reminding founders to think long and hard about the proper approach to deploying that hard won funding.

Valuation multiples are Read more.

© Mattermark 2016. Sources: Mattermark Research, Crunchbase, AngelList.

Have Startup Investors Pulled Back From the Brink? Venture Capital Returns to Pre 2014 Levels in Q4

With 13 business days left in 2015, Q4 is on pace for a dramatic decline in startup funding over recent quarters, with total investment currently standing at $11 Billion.

The last time startup investment growth outpaced the S&P 500 was during 1999 and 2000, and the current trend indicates investors may pull back this time rather than riding out the trend to a new high. This year’s growth was primarily driven by a flurry of large late stage investments that … Read more.

© Mattermark 2016. Sources: Mattermark Research, Crunchbase, AngelList.

November Pre Series A Deal Data May Show Early Evidence of VC “Slowdown”

Anecdotally, private company investors I’ve spoken to are nervous about market conditions for startup investing. I’ve had conversations with several VCs who told me their fund decided to back off on seed and Series A deals in Q4, instead focusing on follow-on in existing portfolio companies and battening down the hatches on their biggest and most promising bets. There has been a noticeable uptick in Twitter chatter, and posts like Fred Wilson’s “Tightening Your Belt” and Fabrice Grinda’s “Macro perspective: Read more.

© Mattermark 2016. Sources: Mattermark Research, Crunchbase, AngelList.

Early Q4 Funding Data Indicates 20% Slow Down, Return to Pre-2015 Levels

This post is part of our Startup Funding Benchmarking Series exploring the allocation, concentration, and macro trends in the financing of high growth startups.


It’s amazing what just a few more weeks of data can do. Each morning, I run the pace analysis fo the current quarter and past 4 weeks to understand the overall movement of capital deployment in the U.S. startup market. At the end of Q3 we reported that the pace at that time showed little sign Read more.

© Mattermark 2016. Sources: Mattermark Research, Crunchbase, AngelList.

Reflecting on Raising Mattermark’s Series A, One Year Later

This time last year, I was spending a lot of time in Keynote. I spent so much time putting that deck together, and at the end of the day an email conversation with Brad Feld and a handful of key questions were the “pitch” of our Series A fundraise. The deck turned out to be more for me than for investors, forcing me to meticulously organize my mind around what we’re doing, why we’re doing it, and what it will … Read more.

© Mattermark 2016. Sources: Mattermark Research, Crunchbase, AngelList.

Somewhere Over the Brainbow: The Unicorn Window is Closing

People used to worry about the “IPO window” closing before they could get their company significantly far along to exit. Now, with the rise of massive private rounds from late stage private equity and crossover investors, startup founders and their investors have something new to worry about: Did you miss the unicorn window?

Most venture-backed startups run at a loss, but there is a special variant of unicorn companies operating at gross margins that look nothing like traditional software businesses. … Read more.

© Mattermark 2016. Sources: Mattermark Research, Crunchbase, AngelList.

The Human Algorithm: Automating Startup Data Collection at Mattermark

Sarah Catanzaro heads up the Mattermark data team, where she leads a team of three analysts partnered with 3 machine learning engineers to collect and clean massive amounts of company data. Last week, she spoke at the RJMetrics Datapoint Live conference to share a bit more about how we achieve scale through automation. You can also view the video of her keynote here.

By focusing on the real questions … Read more.

© Mattermark 2016. Sources: Mattermark Research, Crunchbase, AngelList.

2015 Deal Volume Down 27%, Capital Deployment Up 41% — Mattermark’s Q3 US Startup Funding Report

Each quarter, the analyst team at Mattermark puts together a summary of the past 3 months of deal activity in the US startup ecosystem to help investors get a sense of the overall market trends. This report takes a step back to examine the bigger picture alongside recent activity, to help you calibrate your gut feel for the markets with objective data. Download the 33-page free report here.


Q3 Trend in Focus: Capital Concentration

The key trend which continues to … Read more.

© Mattermark 2016. Sources: Mattermark Research, Crunchbase, AngelList.

Q3 2015 Saw $21.9 Billion of U.S. Private Company Funding, Pace Shows No Signs of Slow Down in Q4

This post is part of our Startup Funding Benchmarking Series exploring the allocation, concentration, and macro trends in the financing of high growth startups.


While public markets ended the quarter in a struggle to rally off 52-week lows, private investment has continued to flow with the quarter-end mark of $21.9 Billion dollars deployed to U.S. private companies at the 2nd highest level since the beginning of 2010. Our original pace mark, based off activity in the first 4 weeks of … Read more.

© Mattermark 2016. Sources: Mattermark Research, Crunchbase, AngelList.