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Laxman Pai, Opalesque Asia: VC investment globally rose to the highest level in seven quarters in Q4'24, driven primarily by the ongoing surge in interest in AI.
According to KPMG Q4'24 Venture Pulse Report - Global trends, in Q4'24, global VC investment rose to a ten-quarter high of $108.6 billion, despite deal volume falling to 7,022. During the quarter, the AI space accounted for the five largest deals of the quarter, led by a $10 billion raise by Databricks.
At a regional level, the Americas accounted for a significant VC investment in Q4'24, largely driven by several large deals in the US.
While Europe saw VC investment rise quarter-over-quarter, the total level of investment in the region remained relatively soft compared to other recent quarters. The UK accounted for the largest share of VC funding in the region, driven by a $1.3 billion raise by AI-enabler data platform company GreenScale.
Asia continued to see very soft levels of funding during Q4'24. A $1.1 billion raise by China-based clean energy developer CNNP Rich Energy accounted for the largest deal in Asia during the quarter.
The AI space globally attracted a major proportion of all global VC funding this quarter; Over $32 billion of this funding came from $1 billion+ deals, including Databrick's $10 billion raise, a $6.6 billion raise by OpenAI, a $6 billion raise by xAI, a $5.6 billion raise by Waymo, a $4 billion raise by Anthropic, and a $1.3 billion raise by GreenScale. The US attrac...................... To view our full article Click here
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