Startups in Greater China raised about $14.7 billion from private equity (PE) and venture capital (VC) investors in Q1 2023, up 1.7% from the previous quarter. The number of PE-VC transactions, however, fell 2% to 618 in the period. The rise in deal value, despite the declining deal volume, shows that investors have become more selective in deploying their capital.
Meanwhile, the total IPO funds raised by Greater China companies grew 5.6% sequentially to over $14 billion. With 86 initial share sales in the first quarter, IPO activity was still far below the peak levels seen in early 2021, but it was almost on par with that of Q1 2022
Read this report for insights on:
- Quarterly and monthly startup fundraising trends
- Top deals of Q1 2023
- Most popular industries for venture investors
- IPOs by Greater China firms in Q1 2023
- Secondary listings & SPAC listings in Hong Kong
- Insights from prominent investors on the fundraising scene
