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Laxman Pai, Opalesque Asia:

Early-stage funding rounds (comprising Seed and Series A funding) dominated the venture capital (VC) funding landscape during the second quarter (Q2) of 2020 in the Asia-Pacific (APAC) region.

According to GlobalData, Series B was the only funding round that witnessed consistent growth in share during the period.

The report said that the number of deals with disclosed funding rounds increased by 4.2% from 308 in May to 321 in June. However, it is still much lower than the 409 announced deals during May.

While most of the funding rounds' share as a proportion of total deal volume kept fluctuating during the three months of COVID-hit Q2, the share of Series B witnessed a consistent increase from 17.6% in April to 20.1% in May and 20.6% in June.

In total, 224 Seed and 471 Series A funding rounds were announced during Q2 2020, which collectively accounted for 67.1% of the total deal volume. However, the share of Series A funding rounds declined consistently from 46.5% in April to 46.4% in May and 43.3% in June.

Aurojyoti Bose, the Lead Analyst at GlobalData, said: "The decline in the share of Series A funding rounds, which is a key part of early-stage funding, could be an indication that investors are preferring placing safe bets in established companies over start-ups due to COVID-19 pandemic."

Aurojyoti added: "While this trend may pose a concern for start-up ecosystem, the market condition does not seem to be that gloomy with gr......................

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