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Laxman Pai, Opalesque Asia: Global VC investment in Q1 2020 dip quarter-over-quarter with US$61 billion raised, though five $1 billion+ mega-deals propped up total investment value, said a study.
According to KPMG, the volume of global VC deals declined 27%, falling from 5,820 deals in Q4'19 to 4,260 in Q1'20. The number of VC deals has not been this low since Q3'13.
"The relatively robust figure compared well to historical norms, as deals were already far along, limiting the impact of COVID-19. However, uncertainty caused by the pandemic and its effect on the next few quarters raises concerns across the sector," said the Q1'20 edition of the KPMG Private Enterprise Venture Pulse.
Five massive mega-deals include Indonesia-based ride-hailing company Gojek and China-based video streaming company Kuaishou both raised $3 billion, leading all others.
Waymo, a US-based autonomous vehicle company, raised $2.25 billion, while US-based cleantech investor Generate Capital and China-based edtech Yuanfudao raised $1 billion apiece.
VC investment in the Americas rose slightly - from $33.5 billion in Q4'19 to $35.3 billion in Q1'20. The US drove the vast majority of this investment, accounting for $34.2 billion of the Americas total. Europe also saw a solid increase in investment - from $7.9 billion in Q4'19 to $8.8 billion in Q'20.
Asia saw a 31% decline in funding this quarter - dropping from $23.8 billion to $16.5 billion, particula...................... To view our full article Click here
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