bioportfolio.co.uk Venture capital (VC) investment activity in the Asia-Pacific (APAC) region showcased some signs of recovery during the end of COVID-19 hit first quarter (Q1) of 2020. However, big ticket deals remained mostly non-existent with low value deals (investment =US$1000m) stood at just 0.14%.
Out of the total 227 deals announced in January 2020, low value deals as a percentage of the total deal volume stood at 68.3%. The share of deals valued more than US$100m stood at 1.8% while the month did not witness the announcement of any billion-dollar deal.
Deal volume declined by 3.5% in February 2020 compared to the previous month. The share of low value deals as a percentage of the total deal volume also declined and stood at 65.8%. The share of deals valued more than US$100m stood at 1.8% while the month also did not witness the announcement of any billion-dollar deal.
March reversed the decline witnessed during previous month with deal volume growing by 32.9%. The share of low value deals as a percentage of the total deal volume stood at 67%. The month witnessed the highest number of deals valued more than US$100m among all the three months with the corresponding share standing at 3.1%. March was also the only month to witness billion-dollar deals (such as US$1.2bn raised by Go-Jek and US$1bn raised by Yuanfudao).
The post VC deal volume in APAC recovered in March 2020, but big ticket deals mostly non-existent, finds GlobalData (via https://www.bioportfolio.co.uk). appeared first on GlobalData (via https://www.bioportfolio.co.uk)..
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