The East Bay Venture Capital - Marin Economic Consulting · The East Bay Venture Capital Q2 2015...

The East Bay Venture Capital

Q2− 2015 Update

Produced by:

Marin Economic ConsultingOctober 5, 2015

Jon Haveman, Principal

415-336-5705 or [email protected]

Contents

Overview of VC Investment in Most Recent Quarter 2

Overall County Investment: Ranking, Amounts, and Shares 2

Recent Investment Amounts 3

Recent Quarter Investments by Company Stage 4

Historical Investment Patterns - by Industry 5

Historical Investment Rankings - by Industry 12

Regional Definition: The East Bay region consists of: Alameda and Contra Costa counties in Northern California.

Overview of VC Investment in Most Recent Quarter

Table: Quarterly Summary

Sector Share of U.S. VC Amount (Mil. $) # of Deals

Industrial Energy 31.1 106.096 6

Biotechnology 4.9 99.454 4

Consumer Products and Services 7.0 74.959 1

Computers and Peripherals 59.9 70.000 1

Medical Devices and Equipment 8.1 63.725 3

Software 0.2 14.582 5

Retailing Distribution 17.2 12.900 2

Telecommunications 5.5 4.992 1

Electronics Instrumentation 1.2 1.500 1

Total 2.9 448.209 24

Source: PWC Money Tree; Calculations by Marin Economic Consulting

Overall County Investment: Ranking, Amounts, and Shares

05

1015

2025

Nat

ionw

ide

Ran

k

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter

Quarterly Rank Trend in Rank

by Value of All Deals in the QuarterThe East Bay Rank Among All U.S. MSAs

2

0

8

16

24

32

40

Num

ber o

f Dea

ls

100

200

300

400

500

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter

Amount ($ Millions) Number of DealsSource: PWC Money Tree; Calculations by Marin Economic Consulting

Venture Capital Activity in The East Bay

0

5

10

15

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

5

10

15

20

Perc

ent o

f Bay

Are

a (B

ar)

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter

Share of Bay Area VC FundingShare of California VC FundingShare of U.S. VC Funding


Relative to Activity in Broader GeographiesVenture Capital Activity in The East Bay

Recent Investment Amounts

0 500 1,000 1,500$ Millions

Industrial EnergyBiotechnology

SoftwareMedical Devices and Equipment

SemiconductorsConsumer Products and Services

Computers and PeripheralsElectronics Instrumentation

IT ServicesMedia and Entertainment

Financial ServicesNetworking and Equipment

Business Products and ServicesTelecommunicationsRetailing DistributionHealthcare Services

Other


Amount ($ Millions), by Industry

Venture Capital Activity in The East BayCumulative Amounts Between: Q4-2009 and Q2-2015

3

Recent Quarter Investments by Company Stage

Table: Startup Seed Investments

Company Name City Sector Amount (Mil. $)

NA


Table: Early Stage Investments


Zymergen Inc Emeryville Biotechnology 44.1

Shockwave Medical Inc Fremont Medical Devices and Equipment 39.8

Bolt Threads Inc Emeryville Industrial Energy 32.4

Mayvenn Inc El Cerrito Retailing Distribution 10.0

Attivo Networks Inc Fremont Software 8.0

Unchained Labs Inc Pleasanton Biotechnology 6.0

Cerebrotech Medical Systems Inc Pleasanton Medical Devices and Equipment 4.1

Educents Inc Oakland Retailing Distribution 2.9

Dash Robotics Inc Berkeley Industrial Energy 1.6


Table: Expansion Investments


Tegile Systems Inc Newark Computers and Peripherals 70.0

Fulcrum Bioenergy Inc Pleasanton Industrial Energy 30.0

SFJ Pharmaceuticals Inc Pleasanton Biotechnology 27.3

Moximed Inc Hayward Medical Devices and Equipment 19.7

3D Robotics Inc Berkeley Industrial Energy 14.1

Rockbot Inc Oakland Software 3.0

Audioscribe Ltd Oakland Software 2.5

Qnovo Corp Newark Electronics Instrumentation 1.5

Bartrendr Inc Oakland Software 1.0


Table: Later Stage Investments


Blue Bottle Coffee Inc Oakland Consumer Products and Services 75.0

Conxtech Inc Pleasanton Industrial Energy 25.0

Advanced Cell Diagnostics Inc Hayward Biotechnology 22.0

MegaPath Cloud Company LLC Pleasanton Telecommunications 5.0

Cnano Technology Ltd San Francisco Industrial Energy 3.0

ServiceMax Inc Pleasanton Software 0.1


4

Historical Investment Patterns - by Industry

0

2

4

6

8

10

Num

ber o

f Dea

ls

0

50

100

150

200

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Biotechnology

0

7

14

21

28

35

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

10

20

30

40

50

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter



Relative to Activity in Broader Geographies

Venture Capital Activity in The East BayBiotechnology

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

5

10

15

20

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Business Products and Services

0

10

20

30

40

50

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

16

32

48

64

80

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayBusiness Products and Services

5

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

20

40

60

80

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Computers and Peripherals

0

21

42

63

84

105

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

22

44

66

88

110

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayComputers and Peripherals

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

20

40

60

80

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Consumer Products and Services

0

8

16

24

32

40

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

10

20

30

40

50

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayConsumer Products and Services

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

10

20

30

40

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Electronics Instrumentation

0

21

42

63

84

105Pe

rcen

t of C

alifo

rnia

and

U.S

. (Li

nes)

0

22

44

66

88

110

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayElectronics Instrumentation

6

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

10

20

30

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Financial Services

0

10

20

30

40

50

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

20

40

60

80

100

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayFinancial Services

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

2

4

6

8

10

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Healthcare Services

0

7

14

21

28

35

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

8

16

24

32

40

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayHealthcare Services

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

10

20

30

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: IT Services

0

4

8

12

16

20Pe

rcen

t of C

alifo

rnia

and

U.S

. (Li

nes)

0

6

12

18

24

30

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayIT Services

7

0

2

4

6

8

10

Num

ber o

f Dea

ls

0

100

200

300

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Industrial Energy

0

11

22

33

44

55

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

16

32

48

64

80

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayIndustrial Energy

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

10

20

30

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Media and Entertainment

0

2

4

6

8

10

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

4

8

12

16

20

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayMedia and Entertainment

0

2

4

6

8

10

Num

ber o

f Dea

ls

0

50

100

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Medical Devices and Equipment

0

6

12

18

24

30Pe

rcen

t of C

alifo

rnia

and

U.S

. (Li

nes)

0

8

16

24

32

40

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayMedical Devices and Equipment

8

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

5

10

15

20

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Networking and Equipment

0

5

10

15

20

25

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

22

44

66

88

110

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayNetworking and Equipment

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

2

4

6

8

10

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Other

0

16

32

48

64

80

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

16

32

48

64

80

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayOther

9

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

5

10

15

20

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Retailing Distribution

0

6

12

18

24

30

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

6

12

18

24

30

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayRetailing Distribution

0

2

4

6

8

10

Num

ber o

f Dea

ls

0

50

100

150

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Semiconductors

0

10

20

30

40

50

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

10

20

30

40

50Pe

rcen

t of B

ay A

rea

(Bar

)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BaySemiconductors

10

0

3

6

9

12

15

Num

ber o

f Dea

ls

0

50

100

150

200

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Software

0

3

6

9

12

15

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

4

8

12

16

20

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BaySoftware

0

1

2

3

4

5

Num

ber o

f Dea

ls

0

2

4

6

8

10

Amou

nt ($

Milli

ons)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter


Venture Capital Activity in The East BayIndustry: Telecommunications

0

2

4

6

8

10

Perc

ent o

f Cal

iforn

ia a

nd U

.S. (

Line

s)

0

4

8

12

16

20

Perc

ent o

f Bay

Are

a (B

ar)

Q4-09 Q1-11 Q2-12 Q3-13 Q4-14Quarter




Venture Capital Activity in The East BayTelecommunications

11

Historical Investment Rankings - by Industry

0

8

16

24

32

40

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter

Quarterly Rank Trend in RankSource: PWC Money Tree; Calculations by Marin Economic ConsultingAn empty quarter indicates no deals took place in the MSA in that quarter.

Industry: Biotechnology The East Bay Rank Among All U.S. MSAs

0

2

4

6

8

10

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Business Products and Services The East Bay Rank Among All U.S. MSAs

0

2

4

6

8

10

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Computers and Peripherals The East Bay Rank Among All U.S. MSAs

0

4

8

12

16

20

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Consumer Products and Services The East Bay Rank Among All U.S. MSAs

12

0

2

4

6

8

10

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Electronics Instrumentation The East Bay Rank Among All U.S. MSAs

0

2

4

6

8

10

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Financial Services The East Bay Rank Among All U.S. MSAs

0

4

8

12

16

20

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Healthcare Services The East Bay Rank Among All U.S. MSAs

0

6

12

18

24

30R

ank:

by

Valu

e of

All

Dea

ls

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: IT Services The East Bay Rank Among All U.S. MSAs

0

6

12

18

24

30

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Industrial Energy The East Bay Rank Among All U.S. MSAs

0

8

16

24

32

40

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Media and Entertainment The East Bay Rank Among All U.S. MSAs

13

0

6

12

18

24

30

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Medical Devices and Equipment The East Bay Rank Among All U.S. MSAs

0

2

4

6

8

10

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Networking and Equipment The East Bay Rank Among All U.S. MSAs

0

2

4

6

8

10

Rank

: by

Valu

e of

All D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Other The East Bay Rank Among All U.S. MSAs

0

2

4

6

8

10R

ank:

by

Valu

e of

All

Dea

ls

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Retailing Distribution The East Bay Rank Among All U.S. MSAs

0

2

4

6

8

10

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Semiconductors The East Bay Rank Among All U.S. MSAs

0

6

12

18

24

30

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Software The East Bay Rank Among All U.S. MSAs

14

0

4

8

12

16

20

Ran

k: b

y Va

lue

of A

ll D

eals

Q3-09 Q1-11 Q3-12 Q1-14 Q3-15Quarter


Industry: Telecommunications The East Bay Rank Among All U.S. MSAs

15

The East Bay Venture Capital - Marin Economic Consulting · The East Bay Venture Capital Q2 2015...

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