All aspects of farming, including crop production and health, animal production and wellness, as well as machinery, products and related activities.
All elements of travel by air, automobile, train, trucking and other forms of transportation. Also addresses manufacturing, parts and maintenance.
All business needs and associated services: advertising, PR, HR, staffing, training records keeping, legal services, consulting, office supplies and furniture, information services, hardware, facilities and more. Also covers associated services like commercial printing, outsourcing and packaging.
Physical computing devices and related services, though specifically not the software used on those machines. Includes personal and business computers, networking equipment, leasing companies, peripherals, handhelds, servers, supercomputers, gaming devices and IT services.
All goods and services for personal use (not Business or Industrial), including but not limited to: appliances, automotive services, rentals, consumer electronics, clothes, home furnishings, jewelry, pet products, tobacco, toys and games.
Concerned mainly with electronic components like chips, semiconductors, switches, motors, testing equipment and scientific instruments; also related manufacturing services.
Energy production, distribution and storage, including fossil fuels, renewables, electric power companies, companies focused on energy efficiency, as well as companies researching new energy sources or technologies.
These companies deal with repairing damage after an environmental event has occurred or aim to help limit the negative ecological impact of an event or company. This includes environmental and energy consulting,
hazardous waste services, recycling, cleanup and solid waste.
Companies dealing with wealth in any form, including but not limited to: accounting, banking, credit and collections, investments, online payments companies and lending.
Food and drink of all kinds: retail and wholesale, fresh ingredients, prepared and canned items and foodservice (but not restaurants, see Leisure). Also includes food safety, flavoring and condiments, alcoholic products and distribution.
All aspects of medical care and wellness: diagnosis, drug development and distribution, medical products and facilities, healthcare plans and alternative treatments and elective procedures.
Equipment and facilities that are neither commercial nor residential/consumer and all related applications. Mainly concerned with materials, facilities, heavy machinery and construction.
Online applications, but neither the hardware on which they are run nor the ISPs that make transactions possible. All ecommerce sites are included, as are web hosting services, browser software, online advertising, email, online communications platforms of all kinds, online learning, video and more.
In-person entertainment like movie theaters, casinos, lodging, restaurants of all kinds, sporting events, gyms and recreation facilities.
All forms of non-Internet entertainment that is also not in-person (see Leisure). Includes film, video, music, publishing, radio and television.
Companies involved with extracting raw materials from the earth and their processing. Larger categories contained herein include aluminium, coal, copper, diamonds and precious stones, precious metals and steel; additionally the brokering and distribution of these items.
Communications companies and associated technologies, from overarching categories like fiber optics, telecom equipment, infrastructure, towers and RFID systems to applications like mobile software, mobile commerce and the telecom companies that facilitate communication over their networks.
Brick-and-mortar retail locations of all kinds: clothes, electronics, appliances, physical media, grocery, office supplies and every other item purchased in person that is not a leisure activity (see Leisure).
Security services and products that operate primarily in the physical world and encompass personal protective equipment, security and surveillance equipment, security guard companies, consultants and more.
Software not covered under “Mobile” or “Internet.” It can be hosted on a user’s machine or accessed remotely and can be used for any application. In this category, the software itself is the user’s primary concern, not the delivery method (as in Internet and Mobile categories).
The following rounds are identified in the MoneyTree reporting: Seed / Angel, Series A, Series B, Series C, Series D, Series E+, Convertible Note, Growth Equity, and Private Equity.
Series B and C
Series D and E+
Includes rounds not associated with a specific stage in a company's funding history. These include corporate minority rounds where corporates take a minority stake in a startup, as well as a small number of unclassified rounds tracked that are not associated with a specific stage
The MoneyTree Report records cash for equity investments as the cash is actually received by the company (also called a tranch) as opposed to when financing is committed (often referred to as a "term sheet") to a company. Accordingly, the amount reported in a given quarter may be less than the total round amount committed to the company at the time when the round of financing closed.
CBSA is a U.S. geographic area defined by the Office of Management and Budget (OMB) that "consists of one or more counties (or equivalents) anchored by an urban center of at least 10,000 people plus adjacent counties that are socioeconomically tied to the urban center by commuting."
CSA is a classification the represents a combination (more than one) adjacent statistical areas in the United States and Puerto Rico that can demonstrate economic or social linkage. The classification is created by the OMB and reviewed after each census.
What is included:
What is excluded:
PricewaterhouseCoopers and CB Insights have taken responsible steps to ensure that the information contained in the MoneyTree Report has been obtained from reliable sources. However, neither PwC nor CB Insights can warrant the ultimate validity of the data obtained in this manner. Results are updated periodically. Therefore, all data is subject to change at any time.
Partner, US Pharmaceuticals and Life Sciences, PwC US
Managing Partner Bay Area and Northwest Market, PwC US
Assurance Director, PwC US