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Laxman Pai, Opalesque Asia: Venture capital (VC) investment increased in the Americas and Europe. The Americas saw VC investment climb to an eight-quarter high of $58.3 billion, while Europe experienced a rise from $13.9 billion to $17.8 billion, revealed a study.
Conversely, VC investment in Asia dipped to a seven-year low of $17.4 billion, largely driven by a continued slowdown in China even as VC investment rose in several other jurisdictions, including India, Singapore, and Japan, according to the Q2'24 edition of KPMG Private Enterprise's Venture Pulse.
The Americas attracted $58.3 billion in Q2'24-the highest level of VC investment it has seen since Q2'22. The US accounted for $55.6 billion of this total, including all the region's largest deals. In addition to the large AI raises, the US saw e-cigarette company Juul raise $1.2 billion and cybersecurity firm Wiz raise $1 billion.
Meanwhile, outside of the US, VC investment was solid in several jurisdictions during Q2'24. In Canada, VC investment rose from $783 million to $1.3 billion quarter-over-quarter, while in Brazil it rose from $353 million to $817 million, and in Mexico, it rose from a very weak $38 million to $226 million.
After falling to a fifteen-quarter low of $13.9 billion in Q1'24, VC investment in Europe rose to $17.8 billion in Q2'24.
The UK accounted for $6.9 billion of this funding, including half of the region's top ten largest deals: a $1 billion raise by autonomous driving pl...................... To view our full article Click here
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