1. Deals Analysis
May 31, 2022updated 13 Jun 2022 11:39am

Technology industry cross border venture financing deals total $2.5bn in Asia-Pacific in April 2022

By Carmen

Total technology industry cross border venture financing deals worth $2.5bn were announced in Asia-Pacific in April 2022, led by $805m venture financing of Verse Innovation, according to GlobalData’s deals database.

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The value marked an increase of 7.8% over the previous month of $2.32bn and a drop of 36.4% when compared with the last 12-month average of $3.93bn.

Asia-Pacific held a 30.98% share of the global technology industry cross border venture financing deal value that totalled $8.07bn in April 2022. With a 14.87% share and deals worth $1.2bn, India was the top country in Asia-Pacific’s cross border venture financing deal value across technology industry.

In terms of cross border venture financing deal activity, Asia-Pacific recorded 124 deals during April 2022, marking a decrease of 26.63% over the previous month and a drop of 15.07% over the 12-month average. India recorded 36 deals during the month.

Asia-Pacific technology industry cross border venture financing deals in April 2022: Top deals

The top five technology industry cross border venture financing deals accounted for 49.7% of the overall value during April 2022.

The combined value of the top five technology cross border venture financing deals stood at $1.24bn, against the overall value of $2.5bn recorded for the month.

The top five technology industry cross border venture financing deals of April 2022 tracked by GlobalData were:

1) Baillie Gifford,Canada Pension Plan Investment Board,Luxor Capital Group,Sofina Group and Sumeru Ventures $805m venture financing deal with Verse Innovation

2) The $150m venture financing of Sky Mavis by Binance NFT Marketplace

3) Index Ventures,Northern Lights Ventures and SoftBank Vision Fund 2 $110m venture financing deal with Mofa (Shanghai) Information Technology

4) The $100m venture financing of Hangzhou Fork Intelligent Technology by GGV Jiyuan Capital,GL Ventures and Goldman SachsLLC

5) Cathay Innovation ,Franklin Resources,GreatPoint Ventures,Maverick Capital,Maverick Ventures and Owl Rock Capital $75m venture financing deal with Coherent Capital Advisors

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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