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Laxman Pai, Opalesque Asia: Globally, deal activity rebounded in Q2'20 to 3,812 deals while funding decreased to $50.2b. Funding and deals are down 13% and 9% YoY, respectively, said a report.
Asia saw the largest quarterly increase in deals, rising 20% in Q2'20. Quarterly deal activity in Europe rose 9% in Q2'20, compared to 3% in North America, said the report by PwC MoneyTree.
US deal activity reverses 3-quarter decline and the number of quarterly mega-rounds hit a new record. IPO exits jump while M&A activity falls in the pandemic.
Quarterly US funding fell less than 1% in Q2'20 and declined 13% YoY amid the pandemic. Quarterly deal activity rose 3% to 1,374 transactions but declined 18% YoY.
After three-quarters of declines, 24 US-based, VC-backed companies exit in IPOs in Q2'20, up from 15 in Q1'20. On the other hand, M&A activity sees sharp decline, falling to 120 exits in Q2'20 vs. 155 in Q1'20.
Quarterly funding in Silicon Valley dipped 7% in Q2'20 to $11.7b while deal activity rose 11% to 432 deals. Three of the top 5 largest deals in the US were Silicon Valley startups raising $400m+.
The total number of US-based, VC-backed companies valued at $1b+ climbed to 209.
IPO exits jump while M&A activity falls in the pandemic: After three-quarters of declines, 24 US-based, VC-backed companies exit in IPOs in Q2'20, up from 15 in Q1'20. On the other hand, M&A activity sees sharp declines, falling to 120 exits in Q2'20 vs. 155 in ...................... To view our full article Click here
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