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Laxman Pai, Opalesque Asia: The Asia-Pacific (APAC) venture capital (VC) investment ecosystem witnessed a unique trend during the first half (H1) of 2023 amidst a backdrop of market volatility, changing investor sentiments, and sector-specific nuances, said a study.
According to the GlobalData report, deals of all funding sizes declined during this period, whereas billion-dollar deals remained notably absent, signaling a strategic shift in the investment dynamics of the region.
A total of 2,025 VC funding deals with disclosed funding value were announced in APAC during H1 2023, which is a decline of 37.7% over the 3,253 VC deals announced during H1 2022, the study revealed.
Billion-dollar deals remained non-existent in H1 2022 while H1 2023 also did not see the announcement of any such deals. Further, the number of high-value deals (valued at more than $100 million) also declined significantly in H1 2023 compared to H1 2022.
Meanwhile, the number of high-value deals declined by 53.6% year-on-year (YoY) from 112 to 52. Meanwhile, high-value deals accounted for a mere 2.6% share of the total number of VC deals with disclosed funding value announced in the APAC region during H1 2023.
"Akin to the global trend, deal volume across all funding sizes declined in H1 2023 compared to H1 2022 for the APAC region as investor sentiments have taken a hit amid volatile market conditions," said Aurojyoti Bose, Lead Analyst at GlobalData.
"The conspicuous absence of bill...................... To view our full article Click here
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