Pre-Seed and Series Seed Financing Data for Q2 2020

WSGR has just published its H1 2020 Entrepreneur Report (link below), it contains some interesting data points with regard to Q2 2020 financings. Some highlights:

  • Q2 VC market strong by historical standards

  • Median amount raised and valuations up significantly

  • Median Pre-Money Valuation @ Series Seed: $12 million

  • Median Amount Raised @ Series Seed: $2.8 million

Data points for pre-seed bridge financings --

  • Median Amount Raised: $830,000

  • Maturity date: 12 months+

  • Interest rate: <8%

  • Discount: 80% of deals, vast majority at 20%+

  • Cap: 64% of deals

Median Cap: $8 million (down from $9 million in 2019)

More info on Series A and later financings, plus a cool interview with Benedict Evans, in the Report, which you find here.