PE-VC fundraising by Greater China startups returns to growth lane in Q3

DealStreetAsia

Fundraising by Greater China-based private companies returned to the growth lane in Q3 2021, after a dip in the previous quarter.

Private equity (PE) and venture capital (VC) investors poured at least $23.1 billion across 551 deals in July-September 2021, showed data from our latest DATA VANTAGE report Greater China Deal Review: Q3 2021.

In the three-month period, there were 69 megadeals – or transactions worth at least $100 million – including one deal worth over $1 billion.

In terms of public market activity (IPOs), Greater China-based firms raised $107.4 billion in January-September, n incrase of 24% year on year. This period witnessed 483 listings, up 19% over last year.

“There is a diversion of capital that would have otherwise gone into China, now interested in going elsewhere… with Singapore and SE Asia at the top of their minds. There are still plenty of opportunities in China. It’s just that… there are opportunities elsewhere [that] really present themselves better,” said James Tan, managing partner, Quest Ventures.

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