Total technology industry cloud venture financing deals worth $263.8m were announced in Asia-Pacific in July 2022, led by $148.68m venture financing of Iluvatar CoreX, according to GlobalData’s deals database.

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The value marked a decrease of 60.5% over the previous month of $668.31m and a drop of 61.7% when compared with the last 12-month average of $688.05m.

Asia-Pacific held an 18.71% share of the global technology industry cloud venture financing deal value that totalled $1.41bn in July 2022. With a 17.41% share and deals worth $245.55m, 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 28 deals during July 2022, marking a decrease of 61.11% over the previous month and a drop of 54.84% over the 12-month average. China recorded 12 deals during the month.

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Asia-Pacific technology industry cloud venture financing deals in July 2022: Top deals

The top five technology industry cloud venture financing deals accounted for 88.3% of the overall value during July 2022.

The combined value of the top five technology cloud venture financing deals stood at $232.94m, against the overall value of $263.8m recorded for the month.

The top five technology industry cloud venture financing deals of July 2022 tracked by GlobalData were:

1) HOPU Fund II,HOPU-Arm Innovation Fund,Shanghai guosheng (group),Vista Investments and ZGC Science City Science and Technology Growth Fund $148.68m venture financing deal with Iluvatar CoreX

2) The $59.71m venture financing of Shenzhen Dudu Iotian Technology by Liping Duan and Xiaochen Lu

3) AVIC Industry and Finance Holdings $16.42m venture financing deal with Beijing Dipu Technology

4) The $5.95m venture financing of Shenzhen Dudu Technology by Duan Liping and Lu Xiaocheng

5) All Star Saas Fund,Tably and UB Ventures $2.19m venture financing deal with Flyle