China · India · Funding Round · Crunchbase News
China Leads Asia’s Startup Funding To Its Highest Level In More Than 3 Years
Compiled by KHAO Editorial — aggregated from 2 outlets. See llms.txt for citation guidance.
◎ Multiple-sources
Asia’s startup funding swung higher in the first quarter of this year, boosted by a rebound in Chinese venture investment.
Key facts
- Around $3.6 billion went to reported seed and angel rounds in Q1, up 85% year over year and 45% quarter over quarter
- An estimated $16.5 billion, or 60% of all Asian startup funding, went to China-based startups in Q1
- Per Crunchbase data, an estimated $11.2 billion went to Asian companies around Series A and Series B stages
- For Q1, Asian startups in AI-related categories pulled in about $11.2 billion, per Crunchbase data, the highest sum they've tracked to date
Summary
Overall, investors put $27.4 billion to work across seed- through growth-stage financings for Asian companies in Q1, per Crunchbase data. Total funding also hit its highest level in more than three years, as charted below. Funding went to bigger rounds, not more of them. Funding rose across stages, with most going to later stage.