In the third quarter of 2009, we saw a slight rebound in venture funding from earlier in the year. But which venture capital firms were the most active in the quarter? One of my favorite new tables in our latest TechCrunch Trends report, which is based on company data we collect in CrunchBase, is the ranking of the most active venture capital firms.
We’ve reproduced that ranking below in two interactive tables which show the top 25 most active VC firms in both the third quarter of 2009 and the most active year-to-date. (You can see a list of the top 100 most-active VC firms in the quarter ). The rankings are based on the number of deals each firm participated in during each time period. Draper Fisher Jurvetson tops both lists, with 17 deals in the third quarter, and 34 year to date. Then it was followed, for the quarter, by Sequoia (12 deals), Kleiner Perkins (11 deals), NEA (9 deals), and Benchmark (8 deals). The top ten for the year-to-date rankings show many of the same firms, although they move around a little.
You can click on each VC firm name in the table to get to their CrunchBase profile, which lists all of their deals. We ranked the VCs by number of deals they participated in, but you can also re-rank the table by the total value or mean value of the funding rounds by clicking on the different column headings. Redpoint and Accel, which have large funds investing in later-stage deals, come out on top during the quarter when ranked by deal value, whereas First Round Capital and DFJ come out at the bottom. That is because DFJ and First Round focus on smaller seed and early-stage rounds. The mean value of the four rounds Redpoint participated in during the quarter was $99.5 million (skewed by the $360 million financing for NextG Networks, which Accel also invested in. The average size of each round DFJ invested in, in contrast was $7.6 million, an dfor First Round it was $3.4 million. (Note these figures are the size of the entire round, not how much the VC firm itself put in).
This is the first time we’ve put together these rankings, and we are working to make them even better. If you work at a Venture Firm and would like to add information about your investments, send TC Trends an email at trends[at]techrunch[dot]com from your work address. We’ve created a Web-based direct contact entry system that makes adding your investments easier and quicker and we’ll give you access to ensure that all of your firm’s deals are reflected in our rankings.
If you’d like more in depth information (all the VCs, a full list of investments, exits by acquisition, and exits by IPO) it is available as a part of our Q3 Report. More info here, or buy it now:
Or buy our in-depth look at VC activity for just $25 (includes tabs with individual investments for the top 100 VCs including detail by round and by category.) Great info for start-ups seeking financing who want to see which firms are most likely to be a fit.
Most Active VCs Q3 09
To see the entire top 100 Most Active VCs of Q3 2009 click here.
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| Venture Firm | # Deals | W/Value | Round Value | Mean |
|---|---|---|---|---|
| Draper Fisher Jurvetson | 17 | 17 | 129,379,646 | 7,610,567 |
| Sequoia Capital | 12 | 10 | 113,300,000 | 11,330,000 |
| Kleiner Perkins Caufield & Byers | 11 | 9 | 167,500,000 | 18,611,111 |
| New Enterprise Associates | 9 | 9 | 254,700,000 | 28,300,000 |
| Benchmark Capital | 8 | 8 | 151,600,000 | 18,950,000 |
| Intel Capital | 8 | 7 | 110,050,000 | 15,721,428 |
| Highland Capital Partners | 8 | 8 | 94,730,000 | 11,841,250 |
| First Round Capital | 8 | 8 | 27,550,000 | 3,443,750 |
| Accel Partners | 7 | 7 | 428,900,000 | 61,271,428 |
| Foundation Capital | 7 | 7 | 189,900,000 | 27,128,571 |
| Flagship Ventures | 7 | 7 | 116,080,000 | 16,582,857 |
| Menlo Ventures | 7 | 7 | 85,990,000 | 12,284,285 |
| Spark Capital | 6 | 6 | 148,500,000 | 24,750,000 |
| Matrix Partners | 6 | 6 | 91,600,000 | 15,266,666 |
| Doll Capital Management | 6 | 6 | 87,000,000 | 14,500,000 |
| Greylock Partners | 6 | 5 | 78,500,000 | 15,700,000 |
| General Catalyst Partners | 5 | 5 | 57,400,000 | 11,480,000 |
| Lightspeed Venture Partners | 5 | 4 | 53,000,000 | 13,250,000 |
| Polaris Venture Partners | 5 | 5 | 49,780,000 | 9,956,000 |
| Granite Ventures | 5 | 5 | 40,500,000 | 8,100,000 |
| Redpoint Ventures | 4 | 4 | 398,100,000 | 99,525,000 |
| Rho Capital Ventures | 4 | 4 | 74,950,000 | 18,737,500 |
| OVP Venture Partners | 4 | 4 | 71,900,000 | 17,975,000 |
| Azure Capital Partners | 4 | 4 | 69,000,000 | 17,250,000 |
| North Bridge Venture Partners | 4 | 4 | 54,000,000 | 13,500,000 |
Most Active VCs Q1-Q3 09
To see the entire top 100 Most Active VCs of Q1 – Q3 2009 click here.
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| Venture Firm | # Deals | W/Value | Round Value | Mean |
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| Draper Fisher Jurvetson | 34 | 32 | 271,493,646 | 8,484,176 |
| Kleiner Perkins Caufield & Byers | 32 | 29 | 536,800,000 | 18,510,344 |
| Accel Partners | 29 | 28 | 640,790,000 | 22,885,357 |
| Intel Capital | 29 | 23 | 284,450,000 | 12,367,391 |
| New Enterprise Associates | 26 | 26 | 759,430,000 | 29,208,846 |
| Sequoia Capital | 24 | 22 | 250,350,000 | 11,379,545 |
| First Round Capital | 22 | 21 | 107,150,000 | 5,102,380 |
| Highland Capital Partners | 20 | 20 | 269,230,000 | 13,461,500 |
| Benchmark Capital | 18 | 17 | 265,290,000 | 15,605,294 |
| Canaan Partners | 17 | 17 | 292,000,000 | 17,176,470 |
| Menlo Ventures | 17 | 17 | 208,390,000 | 12,258,235 |
| Charles River Ventures | 16 | 13 | 115,500,000 | 8,884,615 |
| True Ventures | 16 | 15 | 34,600,000 | 2,306,666 |
| Venrock | 15 | 14 | 275,000,000 | 19,642,857 |
| Bessemer Venture Partners | 15 | 15 | 247,380,000 | 16,492,000 |
| Foundation Capital | 15 | 15 | 241,150,000 | 16,076,666 |
| Greylock Partners | 15 | 12 | 211,850,000 | 17,654,166 |
| Polaris Venture Partners | 15 | 15 | 141,230,000 | 9,415,333 |
| General Catalyst Partners | 15 | 15 | 131,750,000 | 8,783,333 |
| Redpoint Ventures | 14 | 14 | 710,450,000 | 50,746,428 |
| North Bridge Venture Partners | 14 | 13 | 126,000,000 | 9,692,307 |
| Flagship Ventures | 13 | 13 | 172,930,000 | 13,302,307 |
| DAG Ventures | 13 | 13 | 147,300,000 | 11,330,769 |
| InterWest Partners | 12 | 11 | 189,910,000 | 17,264,545 |
| Lightspeed Venture Partners | 12 | 11 | 169,635,000 | 15,421,363 |
the table doesn’t format in chrome.. FYI
Thanks for the stats!
The list seems to be broken on Safari…
That’s a very pricey report…
Need…
Not really. Reports like that are usually priced with an additional 0 or three tagged on. They are not aimed at consumers, but companies.
hey…
you guys have in the past stated that digital content should be free (music piracy, movie piracy, etc..)
can i buy a copy of the report and put it up on an FTP server for my college friends to look at?
thanks!
thanks a lot, should be fixed now, apparently gecko still allows tables to be displayed inline, which is against the spec. I thought it looked fine but it broke in chrome and safari.
“If you work at a Venture Firm and would like to add information about your investments”
Why in the world would i come to YOU for reports about MY investments?
haha, you’d add information so that other people properly recognize your achievement, ourselves included. We want to offer the best information possible and that includes a comprehensive look at what VCs are doing. Startups might take note, as will the rest of the industry.
Why is Khosla Ventures totally absent? Have they really done less than 11 deals this whole year?
we have recorded 11 investments for khosla, only ten with value, click through to the top 100 and they’ll appear. They just missed the cut for the top 25.
Why does the Highland listing in the top report link to Intel Capital?
Thanks. Fixed.
How come Bain Capital Ventures isn’t on either list, even in the top 100 listings?
The data is from CrunchBase, it’s quite possible we’ve under reported some firms numbers, feel free to help us out by making edits to CrunchBase.
I’m going to trust Dow Jones Venture Source everytime on this…you guys are missing a bunch.
http://blogs.wsj.com/venturecapital/2009/10/19/most-active-venture-capital-investors-through-3q/?mod=rss_WSJBlog
Who will be in top in Q4?
I must say very interesting conversation is there in comments. I enjoyed reading comments as post.
@DB, both lists have their strengths and weaknesses. Dow Jones only lists 7 deals in the Q for DFJ, whereas we count 17. They count 6 for Benchmark, versus our 8. On the other hand they have 16 deals for NEA, and we only have 9.
There is obvious room for improvement on both lists. However, this is our first list. Dow Jones has been doing this for years. We promise to make our list better and more comprehensive each quarter. And we allow input from readers and the VC first themselves. Overtime we believe that wil produce the best list.
Please keep checking back each quarter and let us know when you think we’ve got it right.
Erick, Great idea on keeping track of this. I wouldn’t be surprised if this type of list would help push a few of these companies to be a little more aggressive or take a few more risks, just to move up higher on the list out of pure ego…
nice
Is this Web 2.0 only or does it include greentech and other venture? Also, DFJ has a bazillion offices. Is this only for the SV branch?
this is probably in the pay reports but it would be really helpful (especially for first-time entrepreneurs and data-lovers) to break down series A vs. follow-on rounds. i have a feeling a lot of these deals were funds put into existing portfolio cos. – would be interested to see how many companies actually raised a series A in Q1-3 2009.
The numbers include all deals in CrunchBase which includes CleanTech and BioTech amongst others, though are coverage is not as strong in those areas.
That would be interesting, perhaps that will be my next post. Q3 fundings that were followups versus those that were not.
Nice work.
I may need to meet some of them in near future.
Funny how you published this list a few hours after WSJ did:
http://blogs.wsj.com/venturecapital/2009/10/19/most-active-venture-capital-investors-through-3q/?mod=rss_WSJBlog
Hello from Russia!
Can I quote a post in your blog with the link to you?
i like it very much
Hello from Russia!
Can I quote a post “No teme” in your blog with the link to you?
Is there any venture industry left on the east coast??
Sure, there’s a few in there but…….
sometimes it seems like there isn’t. Many of the best east coast firms have opened west coast offices at the least.
I think you are missing the point, what is important is not the number of deals but the number of successful exits!
@mike we have the number of successful exits in the excel file
check it out