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Laxman Pai, Opalesque Asia: The Asia-Pacific (APAC) region saw a notable decline in the number of venture capital (VC) deals with disclosed funding rounds announced in 2023 compared to the previous year, according to a study.
VC deal volume decreased across all funding rounds in line with the global trends, said GlobalData.
A total of 4,674 VC deals with disclosed funding rounds were announced during 2023, which is a year-on-year (YoY) decline of 27.9% compared to the 6,483 VC deals announced during the previous year.
Meanwhile, the number of early-stage VC funding rounds (Seed and Series A funding rounds) saw a YoY decline of 26.9% from 4,811 to 3,517. Similarly, the number of growth, expansion, and late-stage funding rounds (Series B onwards) declined by 30.8% from 1,672 in 2022 to 1,157 in 2023.
Early-stage funding rounds accounted for 75.2% of the total number of VC deals with disclosed funding rounds announced in the APAC region during 2023. Meanwhile, the share of growth, expansion, and late-stage funding rounds stood at 24.8% during the year.
Aurojyoti Bose, Lead Analyst at GlobalData, said: "This is another similarity with the global trend wherein APAC region experiencing a relatively higher decline in volume for growth, expansion, and late-stage funding rounds compared to the early-stage funding rounds."
"In an ever-changing VC landscape, the decline in late-stage funding rounds across APAC reflects a cautious investor sentiment. However, it als...................... To view our full article Click here
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