Research
Market Timing Heatmap
Calendar heatmap showing when portfolio companies raised funding rounds vs market conditions — reveals timing patterns across vintage years
288Funding Rounds
15Years Active
2025 (73)Peak Year
136Bull Market
52Bear Market
19Avg / Year
Funding Round Timeline
Timing Insights
Bull Market Raising
47% of funding rounds were raised during bull markets — portfolio companies kept raising regardless of conditions.
Counter-Cyclical Rounds
52 rounds raised during bear markets — companies raising when others are fearful.
Vintage Consistency
Average 19 rounds per year across 15 active years — a steady pace.