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Laxman Pai, Opalesque Asia: Startups seeking early-stage funding (seed and Series A) got a bigger slice of the Asia-Pacific (APAC) venture capital (VC) investment pie during the second quarter (Q2) of 2021, said a study.
According to GlobalData, early-stage funding rounds accounted for 68.2% of the total deal volume in the region during the period.
The study revealed that the total number of deals with disclosed funding rounds announced during Q2 2021 stood at 1,480.
Month on month, the deal volume fluctuated during the quarter. Deal volume decreased by 3.0% from 467 in April to 453 in May before increasing by 23.6% to 560 in June, it said.
In total 341 Seed and 669 Series A funding rounds were announced during Q2 2021, which collectively accounted for 68.2% of the total deal volume.
Other funding rounds including growth/expansion/late-stage funding rounds (Series B, Series C, Series D, Series E, Series F, Series G, and Series J) collectively accounted for 31.8% of the total deal volume. Notably, most of the funding rounds' share as a proportion of total deal volume kept fluctuating during the three months.
Aurojyoti Bose, the Lead Analyst at GlobalData, said: "Despite the challenging market conditions, VC investors seem to continue backing promising new startups by participating in Seed and Series A funding rounds while late-stage deals such as Series G and Series J were mostly non-existent during the quarter."
Aurojyoti added: "With the fear of the ...................... To view our full article Click here
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