It’s getting easier to raise $100M: Mega-financings increase 50% in 2013

Leaders of Juno Therapeutics

Leaders of Juno Therapeutics

Earlier this week, we covered the massive $120 million series A financing round for Seattle biotechnology upstart Juno Therapeutices, one of the biggest VC deals so far this year in Washington state. And today we’re watching as Box — a Los Altos, Calif.-based company that actually was started by two former Mercer Island High School grads — announced a $100 million deal at a $2 billion valuation.

So, is $100 million, the new $50 million?

A new report from CB Insights says so. Mega-financings of $100 million or more have increased by 50 percent so far this year, with 45 financing rounds topping that figure. (The results do not include Box’s deal, which was announced yesterday).


And, as the chart below shows and as the Box deal proves, enterprise software appears to be the new hot category. B2B deals are currently outpacing consumer-oriented deals.