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Laxman Pai, Opalesque Asia:

US, and China maintained their status as the preferred investment destinations as these two countries accounted for a staggering 70% of the volume and value of high-value venture capital (VC) deals (≥$100m) announced globally, said a study.

An analysis of Globaldata's Financial Deals Database reveals that 69.5% and 76.6% of high-value VC deals volume and value remained concentrated only in the US and China.

The US share of high-value VC deals volume announced globally during H1 2023 stood at 50.2% while accounting for 58.7% of the corresponding deal value.

China accounted for 19.3% of the total number of high-value VC deals announced globally during H1 2023, whereas its share of corresponding deal value stood at 17.9%.

"VC funding activity has taken a hit globally due to dent in investor sentiments amid challenging market conditions and the US is not an exception to this. However, it did not alter the US dominance in the global VC funding landscape. The US outpaced its peers by a significant margin. It alone accounted for more than half of these high-value VC deals volume and value in H1 2023," said Aurojyoti Bose, Lead Analyst at GlobalData.

"Akin to other key markets, although China's startup ecosystem is experiencing a funding crunch. However, China still continues to be a highly preferred investment destination for VC firms and stands just next to the US in terms of high-value VC deals volume and value," Aurojyoti added......................

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