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Laxman Pai, Opalesque Asia:

The US and China remain the most preferred investment destinations for venture capital (VC) investors globally, said a study.

According to GlobalData, high-value VC investments (>=US$100m) also remain concentrated in the US and China with both countries collectively accounting for around 70% of the volume of such deals and capital raised through these deals in the fourth quarter (Q4) of 2019.

The US witnessed 42 high-value deals and remained the largest recipient of high-value deals in volume terms during Q4 2019, followed by China with 28 such deals. However, China surpassed the US in total VC investments raised through these high-value deals.

Some of the notable high-value VC funding raised by American firms during Q4 2019 included US$635m raised by Bright Health, US$500m raised by 1debit (Chime) and US$400m each raised by Databricks and Convoy.

On the other hand, funding raised by Chinese firms were also much higher in value compared to American firms. Some of the notable high-value VC funding raised by Chinese firms during Q4 2019 included US$3.7bn raised by Tenglong Holdings and US$3bn raised by Kuaishou Technology.

Aurojyoti Bose, Financial Deals Analyst at GlobalData, said: "Asia-Pacific is undergoing an evolution with countries in the region closing in on the gap with the US, signaling significant VC investors' traction despite slowing economy in some of the key markets, geopolitical tensions and trade dispute with ot......................

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