Aumni

In this month's newsletter, read our Q2 2025 Venture Beacon Report and explore our latest data insights, the impact of private market data, and more.

The J.P. Morgan Venture Beacon Q2 2025 Report uncovers key insights into the state of #venture capital. Here’s what you need to know: - Stabilization in secondary markets: While secondary transaction volume remains at pre-pandemic levels, 2020 #startups are seeing the highest activity in secondary markets. - Founder-friendly terms: Founder preferred stock incidence accelerated to 11% in H1 2025. - Graduation rates: The Seed to Series A graduation pipeline has improved significantly, with 21% of Q2 2023 Seed companies successfully raising a Series A within two years. - AI market dynamics: Series D+ rounds were considerably elevated, with 75% of capital deployed captured by #AI deals, despite a plateau in market share across Seed to Series C. - Evolving seed rounds: Seed #deals outperformed later-stage financings in H1 2025, with companies raising larger seed rounds. Explore these findings and more in the full report: https://lnkd.in/eUs-hABN #VentureBeacon #InnovationEconomy #VentureCapital Fenwick & West

Series C financings are showing signs of recovery. Key insights from our latest analysis include: - Deal size and valuation recovery: Series C #deal sizes have doubled from early 2024 lows, with pre-money valuations returning to 2021 levels.  - Bridging the gap: The #valuation gap between Series B and Series C rounds is stabilizing with step-multiples showing consistent growth.  - Downward trend in down rounds: While still above the lows of late 2021, the prevalence of down rounds in Series C financings has decreased significantly from the elevated rates of 2024. These trends may indicate a recalibrated market where companies raising Series C rounds in 2025 are more frequently achieving terms that maintain or improve their prior valuations. Understanding these shifts is crucial for aligning fair value assessments with current #market realities. Explore the data: https://lnkd.in/esTwEHKT #VentureCapital #DataInsights #VCDeals

Understanding #venture valuations involves navigating a complex landscape where multiple factors must be considered, from #market dynamics to sector-specific trends. Gain insights from industry leaders in our upcoming webinar, presented in partnership with Venture5. Join us to learn:  - How #GPs justify valuations in competitive rounds to their LPs - CFO frameworks for defensible #valuation models - The impact of ASC 820 valuations on investment decisions and firm operations 🗓️ Wednesday, August 20 ⏰ 12:00 PM - 1:00 PM EST Register now: https://lu.ma/y01kkse6 #VentureValuations #VC #PrivateMarkets

Qualified Small Business Stock (QSBS) is one of the most overlooked tools in early-stage #venture. It offers significant tax advantages with the potential to exclude up to 100% of federal capital gains taxes. Yet, it’s often underutilized because it’s misunderstood:  - Many founders and employees may not realize their shares qualify - Investors might lack documentation from early rounds - Experienced VCs may not consistently track QSBS eligibility across a growing portfolio Learn how Aumni’s platform simplifies QSBS tracking and eligibility, helping you uncover untapped #tax benefits across your portfolio. With better data and proactive planning, QSBS can become a powerful tool in your venture strategy. Explore the full potential of QSBS: https://lnkd.in/eNExtB5m #QSBS #VentureCapital #VC J.P. Morgan

Accurate and consistent valuations are crucial for venture capital funds to manage responsibly and report transparently to #LPs. Understanding the core components of #valuation policies and how to apply them can help #funds balance consistency with flexibility. Key topics include:  - How to define roles and responsibilities within a valuation policy - Key elements of a valuation policy document - 5 key considerations for the application of valuation policies Download the guide: https://lnkd.in/eEx7SgtY #ValuationPolicy #FundManagement #VentureCapital Sensiba LLP

In this month's newsletter, explore our latest data insights, best practices for a valuation policy, and expert discussions on how the market landscape is impacting valuations. 

The early-stage #venture capital landscape is shifting, presenting both challenges and opportunities for investors. Key insights from our latest analysis include: - Deal size vs deal frequency: Series Seed deal sizes are increasing with the top quartile surpassing $7M, while the frequency of deals is declining. - Graduation rates: The transition from Seed to Series A is becoming more difficult, with only 12% of Q1 2023 seed-stage companies reaching Series A by Q1 2025. - Fundraising cycles: Companies raising Series A in Q1 2025 did so a median of 2 years after their seed round, indicating a lengthened cycle compared to previous years. Larger seed rounds concentrated among fewer #startups may indicate a more cautious, performance-driven environment or a recalibrated market where fundraising milestones take longer to achieve. Understanding these dynamics is crucial for navigating the evolving market landscape. Explore the data: https://lnkd.in/eQ2Gj9cn #VentureCapital #DataInsights #VCDeals

We caught up with Simon Shi, CPA, Finance Manager at UP.Partners, at our recent private market valuations event in San Francisco. Simon shared how Aumni has transformed his data collection process: 💡"Aumni saves me about three hours a week on data collection. Everything’s streamlined—from surveys to cap tables—and it’s all in one place. For any finance team managing a portfolio, it’s a no-brainer." Discover how Aumni can simplify your #portfolio management and save valuable time. Learn more about our solutions: https://bit.ly/4kJe658 #PortfolioManagement #VentureCapital #VC