Asia Funding Already Nearly Tops All Of Last...

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Asia is enjoying an investment environment not seen in quite some time. Although Asia did not see the same year-to-year gains we've seen in North America and Europe, it did see funding hit $42.7 billion—its biggest quarter since the Q2 2018
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Asia, like pretty much the rest of the world, is enjoying an investment environment not seen in quite some time.

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Although Asia did not see the same year-to-year gains we've seen in North America and Europe, it did see funding hit $42.7 billion—its biggest quarter since the Q2 2018, when total funding hit $47.1 billion.

In fact, Asia investment this year has already surpassed the total of 2019 and nearly that of all 2020. Thus far, the continent has realized $106.1 billion in funding—compared to $98.2 billion in 2019 and $109.5 billion last year. However, funding will need to pick up to catch the robust investment 2018 saw, when $149.9 billion came to companies in the continent.

The funding numbers for the quarter also represent a 29.6 percent increase quarter to quarter and a whopping 43.5 percent increase from the same time last year.

Despite funding being up, deal flow remained basically stagnant. The third quarter saw 1,224 deals closed, up by just two from last quarter and actually down 6.7 percent from the same quarter last year.

More money but fewer deals would seem to point to the fact that funding rounds are getting larger—likely as valuations for many startups continue to creep up.

Early stage and seed continues to see heat

Funding at all stages is up year to year, as well as quarter to quarter. Angel and seed stages saw the greatest jump year to year, increasing by more than 139 percent. Early-stage funding realized the second-largest gains year to year, nearly doubling.

In fact, both seed and early stage saw their largest quarters since Q3 2018. Seed fundings raked in $1.5 billion in the third quarter of this year—the most since reaching $1.8 billion in the same quarter of 2018.

Likewise, early-stage funding was $11.5 billion, the highest amount since hitting an astounding $16 billion in 2018. The largest early-stage round in the region was for China-based Svolt…
Chris Metinko
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