China Deal Review: Startup funding slides in Sept to $7.2b, deal volume slips too

China Deal Review: Startup funding slides in Sept to $7.2b, deal volume slips too

Zhangjiajie, China. Photo by Joshua Sortino on Unsplash

After three consecutive months of growth in dealmaking activity, financing into privately-held companies in Greater China cooled off in September with transaction value and volume recording a decline from the month of August.

Chinese firms raised a total of $7.2 billion, recording a 19.6% month-on-month fall from nearly $9 billion in August. September saw the deal tally touch 181 transactions, 6.2% lower than the 193 deals in the previous month this year, according to proprietary data compiled by DealStreetAsia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter