1. Deals Analysis
March 9, 2021

Asia-Pacific’s technology industry saw a rise of 5.00% in virtual and augmented reality deal activity in Q4 2020

By Carmen

Led by CDF-Capital and Ivy Capital’s $20m venture financing of Pimax Technology Shanghai, Asia-Pacific’s technology industry saw a rise of 5.00% in virtual and augmented reality deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 21 virtual and augmented reality deals worth $58.37m were announced for the region during Q4 2020, against the last four-quarter average of 20 deals.

Of all the deal types, venture financing saw most activity in Q4 2020 with 18, representing a 85.7% share for the region.

In second place was M&A with three deals capturing a 14.3% share of the overall virtual and augmented reality deal activity for the quarter.

In terms of value of virtual and augmented reality deals, venture financing was the leading category in China’s technology industry with $41.46m.

Asia-Pacific technology industry virtual and augmented reality deals in Q4 2020: Top deals

The top five technology virtual and augmented reality deals accounted for a 66.01% share of the overall value during Q4 2020.

The combined value of the top five virtual and augmented reality deals stood at $38.53m, against the overall value of $58.37m recorded for the quarter.

The top five technology industry virtual and augmented reality deals of Q4 2020 tracked by GlobalData were:

1) CDF-Capital and Ivy Capital’s $20m venture financing of Pimax Technology Shanghai

2) The $8.5m venture financing of Thirdverse by Incubate Fund, JAFCO Group, Presence Capital Fund I and Sisu Game Ventures

3) Sequoia Capital India’s $7m venture financing of Avataar.Me

4) The $1.53m venture financing deal with Beijing Cyber Cloud by Changzhou Tianning Industrial Investment and Shicheng Chuanghe Investment

5) Nightingale Partners and Phoenix Development Fund’s venture financing with Aerologix for $1.5m.

Verdict deals analysis methodology

This analysis considers only announced and completed big data deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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