Total technology industry venture financing deals worth $3.5bn were announced in Asia-Pacific in May 2021, led by $285m venture financing of Pine Labs, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked a decrease of 35.4% over the previous month of $5.46bn and a drop of 26.2% when compared with the last 12-month average of $4.78bn.

Asia-Pacific held a 17.43% share of the global technology industry venture financing deal value that totalled $20.25bn in May 2021. With an 8.10% share and deals worth $1.64bn, China was the top country in Asia-Pacific’s venture financing deal value across technology industry.

In terms of venture financing deal activity, Asia-Pacific recorded 293 deals during May 2021, marking a decrease of 13.82% over the previous month and a drop of 11.75% over the 12-month average. China recorded 122 deals during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Asia-Pacific technology industry venture financing deals in May 2021: Top deals

The top five technology industry venture financing deals accounted for 22.4% of the overall value during May 2021.

The combined value of the top five technology venture financing deals stood at $789.45m, against the overall value of $3.5bn recorded for the month.

The top five technology industry venture financing deals of May 2021 tracked by GlobalData were:

1) Baron Capital Group, Duro Capital (Singapore) Advisors, Lone Pine Capital, Marshall Wace, Moore Strategic Ventures, Sunley House Capital Management, Temasek Holdings (Private) and Ward Ferry Management’s $285m venture financing of Pine Labs

2) The $175m venture financing of Riiid by SoftBank Vision Fund II

3) Falcon Edge Capital, Harvard Management, Sequoia Capital India, Tiger Global Management and Venture Highway’s $120m venture financing of Moglilabs

4) The $109.45m venture financing of SShenzhen Xunce Technology by Citic Private Equity Funds Management, Goldman SachsLLC, Greater Bay Area Homeland Investments, Taikang Insurance Group and Tencent Investment

5) Dragoneer Investment Group, Eight Roads Ventures, Fundamentum, Honeywell Ventures Capital and TCV’ venture financing of RoboticWares for $100m.