Tue, Jul 7, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Plunge in Global VC funding activity due to coronavirus outbreak

Friday, April 03, 2020

Laxman Pai, Opalesque Asia:

The number of venture capital (VC) funding announced deals declined by 22.5% during the week ended March 29, 2020, compared to the previous week, said a study.

According to GlobalData, the subdued funding activity has been continuing in the last few weeks and could be attributed to the cautious approach of VC investors on the back of volatile market conditions since the outbreak of the coronavirus (COVID-19).

The report quoted Aurojyoti Bose, Analyst at GlobalData, as saying: "Deal activity plunged in most of the key markets during the week ended March 29, 2020, compared to the previous week. While the US witnessed a decline in deal volume by 33%, the UK witnessed deal volume declining by 34.8%.

"However, China, which has also been witnessing a drop in VC funding activity, showcased signs of recovery with the deal volume increasing by 31.9% during the week ended March 29, 2020, compared to the previous week," he added.

Sectors such as healthcare (including pharmaceuticals and medical equipment), retail and travel and tourism also witnessed a decline in deal activity during the week ended March 29, 2020, compared to the previous week.

Top five VC-funded tech companies in North America raised $4.4bn in 2019

Meanwhile, the top five venture capital (VC) funded companies in the emerging tech space of North America were headquartered in the US in 2019. These companies collectively raised US$4.4bn, said GlobalData.

Aurojyoti......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Disruption from COVID-19 hits ASEAN private equity hard, VCs see much to like in Democrats' $1.5tn Moving Forward Act, US PE firms play the long game as deal-making comes back into focus[more]

    Disruption from COVID-19 hits ASEAN private equity hard Opalesque Industry Update - After a strong 2019, the ASEAN private equity industry has been shaken by the outbreak of the COVID-19 pandemic, reports Preqin. As of September 2019, ASEAN-focused private equity and venture capital asset

  2. Coronavirus crisis: PE industry mulls more realism and longer holding periods[more]

    Laxman Pai, Opalesque Asia: More realism, longer holding periods and an advantage for investors with a long-term focus - these are the main changes that investment managers in the German private equity market expect as a result of the coronavirus crisis. The PE transaction activity is not exp

  3. Multi-strategy hedge funds post double-digit gains, Tiger Global, Coatue score double-digit fund gains in 2020, Lone Pine soars after losses earlier this year, Can Pershing Square's standout year continue?[more]

    Multi-strategy hedge funds post double-digit gains From FT: Large multi-strategy hedge funds have posted double-digit gains for the first half of the year, reversing losses from March, as markets defied the economic downturn brought on by the coronavirus pandemic. Citadel Advisors

  4. Tech: Pandemic boosts digitalisation across the fund industry, The India-China bust up and what it may mean for tech, Machine learning goes global[more]

    Pandemic boosts digitalisation across the fund industry From International Investment: The pandemic has certainly accelerated change and digitalisation in ways that we never imagined, including the funds industry in Luxembourg. Business Continuity Planning and Disaster Recovery Pl

  5. New Launches: Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund, Stafford Capital raises initial $532m for ninth timberland fund, Nalanda Cap eyes $800m fund, China's Unity Ventures hits first close on US dollar fund[more]

    Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund From Forbes: Hedge fund Marshall Wace plans to raise $1 billion for a new fund that will invest in stocks with strong environmental, sustainability and governance (ESG) ratings while betting against stocks with poor rating