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Seed VC Funding in Bay Area on Pace for Record Year
Seed funding in the San Francisco area appears to be on pace for another record year. Seed deals in 2013 have seen a massive push towards the mobile sector with a contraction to the online sector. Seed funding to both San Francisco and Silicon Valley reached over $192M across 242 deals in the first half of 2013 alone. To put this in perspective, this is more than all of 2010 and nearly comparable to 2011 investment funding and deal levels.
Funding By Sector
The Bay Area seed investment portfolio has seen a steady increase in internet seed deals since 2010. Though, unless there is a large push in the back half of 2013, it looks like internet see deals will be less than 2012.
On the other hand, mobile deals are already at 75% of the funding levels seen in all of 2012 and is poised for a steady growth trend.
Most Active Seed Investors in the Bay Area
The following chart depicts the largest investor groups in the Bay Area.