VC deals in Asia show Q3 increase

November 5, 2019

 

 

VC deals in Asia rose from 839 in Q2 to 922 in Q3 of 2019. 

 

This compares with global VC deal volume which dipped from 5,138 deals in the second quarter to 4,154 in the third.

 

The figures come from Venture Pulse Q3’2019 a report by KPMG.

 

 

The findings will form one of the many backdrops to the forthcoming Singapore Fintech Festival which takes place from Monday 11th November to Wednesday 13th November.

 

The report highlighted that VC investment in Asia remained subdued, falling from $18.61bn in the second quarter of 2019 to $14.92bn in the third quarter. This was consistent with the fall in VC investment globally from $64.96bn to $55.71bn in the same period.

 

Egidio Zarrella, Partner and Head of Clients and Innovation, KPMG China, said: "There is a lot of interest in the Asian market, but investors have really slowed down their activity. They are being conservative, waiting to see where things go from an economic and geopolitical perspective. This does not mean activity is not happening at all."

 

Chinese

 

Chinese companies accounted for seven of the top ten VC deals in Asia Pacific, taking the top four spots in the ranking. 

 

Philip Ng, Partner and Head of Technology, KPMG China, said: "Despite the challenges in the market, a number of sectors continued to attract investment, including fintech, autotech and biotech. Start-ups also need to focus on profitability and cashflow planning to build a sustainable business."

 

The report also said that looking ahead, the VC market in mainland China is likely to feel the positive effects of the central government's plans to forge ahead with policy reforms aimed at improving and modernising regulations across a wide range of industries, including insurance, finance, capital markets and healthcare.

 

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