Venture financing data shows that 2016 was an exceptionally strong year for early-stage valuations and amounts raised. Median pre-money valuations for 2016 Series A and Seed financings exceeded those of each of the past five years, while the median amount raised for Series A and Seed financings—$3.4 million—topped all prior years tracked. Similarly, the median amount raised in 2016 post-Series A bridge loans—$1.7 million—set a five-year high. On the other hand, Series C and later rounds saw pre-money valuations and amounts raised decline from the past two years, though they stayed in line with five-year medians.