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Alternative Market Briefing

VC-backed companies in the Asia-Pacific raise $38bn across 1,998 deals in Q2 2021

Monday, August 02, 2021

Laxman Pai, Opalesque Asia:

With a growing number of jurisdictions across regions attracting mega venture capital (VC) funding rounds in Q2 2021, venture financing levels continued at a robust pace throughout the Asia-Pacific ecosystem in the first half of 2021.

According to KPMG analysis, VC-backed companies in the Asia-Pacific raised USD 38 billion across 1,998 deals in Q2'21.

Top 10 deals were spread across Indonesia, India, China, Singapore, and South Korea, with China accounting for more than half of the total VC investment, said KPMG's Venture Pulse Q2 2021 report found.

China accounted for more than half of the total, it said. The country saw a variety of deals over USD 100 million Secondary listings in Hong Kong see continued momentum.

VC investment in China include a wide variety of deals over USD100 million, including Horizon Robotics (USD 1.5 billion corporate venture capital), Dingdong Maicai USD 700 million), digital supply chain provider Xingyun Group (USD 600 million), retailer Zhuanzhuan (USD 390 million) and e-grocery company Dingdong Machai (USD 330 million), home fitness company Fiture Technology (USD 300 million), and cloud services provider Beisen Cloud Computing (USD 260 million).

Given recent regulatory developments, there is also a growing opportunity in China for second and third-tier tech companies focused on areas such as e-commerce, the sharing economy, and logistics to attract more attention from VC investors.

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