Low-value deals occupy 67.1% share of APAC VC deal volume in H1 2024, reveals GlobalData. Source: Shutterstock.com

A total of 1,871 venture capital (VC) funding deals with disclosed funding value were announced in the Asia-Pacific (APAC) region during the first half (H1) of 2024. Low-value deals accounted for 67.1% share of the total number of VC deals with disclosed funding value announced in the APAC region during the period, according to GlobalData, publishers of RBI.

According to GlobalData’s Deals Database, low-value deals volume declined by 8.5% year-on-year (YoY) from 1,372 in H1 2023 to 1,255 in H1 2024, in line with a 9.5% YoY drop in the total number of VC deals with disclosed funding value compared to 2,067 deals announced in the region during H1 2023.

Aurojyoti Bose, Lead Analyst at GlobalData, commented: “Deals volume across most of the funding size ranges registered a decline in H1 2024 compared to H1 2023. Despite the decline, low-value VC deals* continued to dominate the APAC region’s VC funding landscape.”

Mid-size VC funding deals (valued >$10m and ≤$100m) volume declined by 11.4% YoY from 642 in H1 2023 to 569 in H1 2024

These deals accounted for a 30.4% share of the total number of VC deals with disclosed funding value announced in the APAC region during H1 2024.

Meanwhile, high-value VC deals (valued >$100m) volume declined by 11.3% YoY from 53 in H1 2023 to 47 in H1 2024. These deals accounted for a 2.5% share of the total number of VC deals with disclosed funding value announced in the APAC region during H1 2024. Nevertheless, on a positive note, the APAC region saw the announcement of two deals valued more than $1bn during H1 2024.

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