|
Laxman Pai, Opalesque Asia: Global venture capital investment dropped for the sixth consecutive quarter in Q2'2023 - falling from $86.2 billion across 10,121 deals in Q1'23 to $77.4 billion across 7,783 deals in Q2'23, said a study.
According to KPMG Private Enterprise's Venture Pulse report, increasing interest rates, stubbornly high inflation, domestic and geopolitical challenges -including the protracted war in Ukraine, and ongoing concerns about the stability of the global banking system all combined to make it a challenging quarter for VC investment across regions, despite global interest in Generative AI.
The Americas accounted for the largest share of VC investment with $42.9 billion invested including six $400 million + mega-deals during the quarter, the report noted.
Meanwhile, VC investment in Asia fell for the 6th consecutive quarter, reaching only $20.1 billion, as Chinese investors continued to hold off on large deals. European investors also remained on the sidelines, falling for the 4th consecutive quarter - to $13.5 billion invested.
Overall, there was a decline in the number of mega-deals this quarter, with some notable exceptions. US-based payments company Stripe's $6.9 billion raise was by far the largest VC round of the quarter globally.
After Stripe, Singapore-based online marketplace startup Shein raised the next largest deal ($2 billion), followed by US artificial intelligence startup Inflection ($1.3 billion) and India-based...................... To view our full article Click here
|
RSS
