VC funding in Asia falls 24% in June quarter due to reduced activity in China

Bangkok, Thailand. Photo: Pixabay

Global venture capital funding in startups fell 2% in the quarter ended 30 June from the preceding quarter, with deal activity in Asia slowing even as the US reported a record number of deals, according to a report.

Investments in the US, Europe and Asia totalled $53 billion for the June quarter. The total number of deals, however, increased by 2% to 3,474 for the quarter, said the report by market intelligence platform CB Insights along with consulting firm PwC.

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