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Alternative Market Briefing

Global VC investment takes a hit in the first quarter: KPMG

Monday, April 15, 2019

Laxman Pai, Opalesque Asia:

The global venture capital (VC) investment industry took a major hit in the first quarter of 2019, according to a report by KPMG.

Overall venture capital (VC) investment dropped from record heights of $71bn in Q4'18 to $53bn in Q1'19, due to a decline in Chinese investment, among other factors.

While US and European investment remained relatively robust quarter over quarter, Chinese VC fell from $10.1bn in Q4'18 to $5.8bn in Q1'19, as megadeals took a pause, according to the Q1'19 edition of KPMG Enterprise's Venture Pulse report.

Globally, VC deal volume declined for the fourth consecutive quarter with only 2,657 deals - representing the lowest number in 31 quarters - since Q2'11.

The continued decline in deal volume was felt in every region, but was particularly pronounced in Europe - which saw deal volume drop from 882 deals in Q4'18 to 487 deals in Q1'19.

"We saw a number of distinct trends in the VC market during the first quarter of 2019," said Arik Speier, Head of Technology, KPMG Somekh Chaikin in Israel.

"On one hand, deal value remained robust in the US and Europe - powered in large part by big investments in later stage deals. Europe for example had 10 deals at or over $125m this quarter, compared to only 6 during Q4'18. However, the big question is if we are facing a turning point in the volume of investment, yet to be seen," Arik added.

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