Technology industry

Cross-Border Technology Venture Capital Funding Deals in Asia-Pacific

According to GlobalData’s deal database, cross-border venture capital funding deals in the technology industry worth a total of $2.5 billion were announced in Asia-Pacific in April 2022, led by a $805 million venture capital funding from Verse Innovation.

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The value marked a 7.8% increase from the previous month of $2.32 billion and a 36.4% decline from the trailing 12-month average of $3.93 billion.

Asia-Pacific held a 30.98% share of the value of global technology industry cross-border financing deals which amounted to $8.07 billion in April 2022. With a share of 14.87% and deals worth $1.2 billion, India was Asia-Pacific’s top cross-border business country. finance deal value in technology industry.

In terms of cross-border venture capital funding activity, Asia-Pacific recorded 124 deals in April 2022, marking a 26.63% decrease from the previous month and a 15.07% decrease from the 12-month average. India recorded 36 transactions during the month.

Asia-Pacific Technology Industry Cross-Border Venture Funding Deals in April 2022: Top Deals

The top five cross-border tech industry venture capital deals accounted for 49.7% of overall value in April 2022.

The combined value of the top five cross-border tech venture capital financing deals was $1.24 billion, compared to the aggregate value of $2.5 billion recorded for the month.

The top five technology industry cross-border venture capital funding deals of April 2022 tracked by GlobalData were:

1) Baillie Gifford, Canada Pension Plan Investment Board, Luxor Capital Group, Sofina Group and Sumeru Ventures $805M venture funding deal with Verse Innovation

2) $150M Venture Funding of Sky Mavis by Binance NFT Marketplace

3) Index Ventures, Northern Lights Ventures and SoftBank Vision Fund 2 $110m venture capital financing deal with Mofa (Shanghai) Information Technology

4) Hangzhou Fork Intelligent Technology’s $100 million venture funding by GGV Jiyuan Capital, GL Ventures and Goldman SachsLLC

5) Cathay Innovation, Franklin Resources, GreatPoint Ventures, Maverick Capital, Maverick Ventures and Owl Rock Capital $75M venture funding deal with Coherent Capital Advisors

Verdict Agreement Analysis Methodology

This analysis only takes into account cross-border transactions announced and concluded from GlobalData’s financial transactions database and excludes all terminated and rumored transactions. The country and industry are defined based on the target company’s head office and dominant industry. The term “procurement” refers to both completed transactions and those in the process of being tendered.

GlobalData tracks real-time data on all M&A, private equity/venture capital, and asset transaction activity globally from thousands of company websites and other trusted sources.

More in-depth reports and analysis on all reported transactions are available to subscribers at GlobalData’s job database.