Back to All Articles

For Y Combinator Startups, the Average Series A Round in 2014 is 5X Larger Than in 2008

Mattermark is a deal intelligence platform helping more than 200 venture capital firms raise the bar when it comes to sourcing deals, tracking portfolio companies, and understanding the rapidly evolving private market landscape.

Sign up for a free trial to learn more, and see how your own investment portfolio stacks up.

Over the past two years the discussion of the “Series A” crunch has reached fever pitch, with an emphasis on the mounting investor expectations around raising this round. We have also seen some truly massive series A rounds so far this year. So I was curious, how has a Series A for Y Combinator companies – those who are considered by Valley insiders to fetch some of the highest premiums – faring over time? I collected information on the 92 YC companies to have raised a Series A in their life, and here is what I found.

Series A trends - 2014 Y Combinator.001
copyright Mattermark © 2015 (Source: Mattermark Research, Source: Crunchbase, Source: AngelList)

To put this in perspective, I also pull the industry averages for all Series A and Series B rounds during the same period of time:

Series A trends - 2014 Y Combinator vs industry.001
copyright Mattermark © 2015 (Source: Mattermark Research, Source: Crunchbase, Source: AngelList)

Change In Round Size, Regardless of Time Elapsed

For another perspective, I also thought it would be interesting to remove the time aspect and simply look at these Series A rounds as a progression of deals, regardless of when they took place. This graph looks at the 10 deal running average of Series A round size. You could think of this as potentially answering the question “did YC get better at helping founders raise larger rounds at higher valuations as they did more deals, regardless of time elapsed?”

Series A trends - 2014 Y Combinator2.001
copyright Mattermark © 2015 (Source: Mattermark Research, Source: Crunchbase, Source: AngelList)

Interested in more analysis on startups, venture capital, private markets and the future of technology?

Sign up now for a free 30 day trial of Mattermark Professional to dig into the data yourself, and subscribe to our free newsletter for your daily dose of industry intelligence.

© Mattermark 2017. Sources: Mattermark Research, Crunchbase, AngelList.
Shares