Median pre-money valuations of U.S. venture-backed companies in the first quarter reached $15 million - the highest since 2001 - driven by an increase in first-round valuations. New numbers from VentureOne show that Q1 median valuation rose 23% from the same period last year, when median valuation was $12.2 million.
"The area with the most increase was the early stage round," said Matthew Garlick, research manager at VentureOne. The increase in first-round valuations might be partly due to the fact that companies raising first rounds are farther along in their stage of development compared to a year ago, as the median valuation for companies in product development stage dropped almost 22% to $8.3 million from $10.6 million a year ago.
Source : VentureOne