Total technology industry cloud venture financing deals worth $916.8m were announced in Asia-Pacific in July 2021, led by $200m venture financing of Go1, according to GlobalData’s deals database.
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The value marked an increase of 42.3% over the previous month of $644.23m and a rise of 40.4% when compared with the last 12-month average of $653.01m.
Asia-Pacific held a 16.98% share of the global technology industry cloud venture financing deal value that totalled $5.4bn in July 2021. With an 11.59% share and deals worth $625.86m, China was the top country in Asia-Pacific’s cloud venture financing deal value across technology industry.
In terms of cloud venture financing deal activity, Asia-Pacific recorded 62 deals during July 2021, marking an increase of 31.91% over the previous month and a rise of 12.73% over the 12-month average. China recorded 36 deals during the month.
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By GlobalDataAsia-Pacific technology industry cloud venture financing deals in July 2021: Top deals
The top five technology industry cloud venture financing deals accounted for 61.4% of the overall value during July 2021.
The combined value of the top five technology cloud venture financing deals stood at $563.22m, against the overall value of $916.8m recorded for the month.
The top five technology industry cloud venture financing deals of July 2021 tracked by GlobalData were:
1) Go1 $200m venture financing deal with AirTree Ventures,Blue Cloud Ventures,Larsen Ventures,Salesforce Ventures,Scott Shleifer,SoftBank Vision Fund 2,TEN13 Management and Tiger Global Management
2) The $154.53m venture financing of City Cloud International by Jiangu Capital,Jiashan SDIC and Yuexiu Industrial Fund
3) Cloudwise (Beijing) Technology $150m venture financing deal with Boston Investment Group and Sequoia Capital China
4) Hangzhou Everyone Technology $30.89m venture financing deal with CMC Capital Partners
5) The $27.8m venture financing of Shenzhen Jijia Cross-border Network Technology by eGarden Ventures,Harvest Investments,Hony Ventures,Yunqi Capital,Yunshi Capital,Zhonglin Capital and Zhuopu Investment
