A complete of two,082 VC offers with disclosed funding rounds had been introduced throughout this era, in comparison with 2,492 offers in the identical interval final yr.
The APAC VC market within the first half of 2024 mirrored a cautious funding local weather, with a give attention to early-stage ventures and a decline in deal quantity throughout most funding phases.
Regardless of the decline, early-stage funding rounds dominated the APAC VC panorama, accounting for 74.3 p.c. of all offers. As many as 1,546 early-stage offers, together with 576 seed rounds and 970 Collection-A rounds, had been sealed through the interval. This development aligns with world patterns, the place traders have most popular earlier-stage ventures, in keeping with analysis agency GlobalData
Nonetheless, even these early-stage offers skilled an 18.9 per cent year-on-year (YoY) decline in contrast with the primary half of 2023.
Aurojyoti Bose, Lead Analyst at GlobalData, attributed the decline in VC exercise to macroeconomic challenges and geopolitical tensions, which have dampened investor confidence. “The decline is according to the worldwide development,” he mentioned.
Whereas most funding rounds noticed a lower in quantity, Collection E funding rounds had been a notable exception, exhibiting enchancment regardless of the general downward development. This implies that traders are nonetheless keen to assist later-stage corporations with robust progress potential.
Progress, enlargement, and late-stage funding rounds collectively accounted for 25.7 p.er c.ent of complete VC offers in APAC through the first half of 2024. Nonetheless, this phase additionally skilled an 8.5 p.er cent year-on-year decline, with 536 offers introduced in comparison with 586 offers in the identical interval final yr.
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