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–We have more than 300 investors coming to RISE – a substantial proportion of the entire VC community in Asia. The good news is that VC-backed companies in the region are powering ahead and the ecosystem is incredibly active. In fact, according to Venture Pulse Q2 ’15, a mix of traditional VC sources mixed with hedge funds, private equity and corporates led to $15 billion invested into VC-backed companies in the first two quarters of 2015. This puts Asia on track for 45% growth year-over year. The report found that North America, unsurprisingly, continues to lead global VC activity.
But Asia is coming up fast.There were nine new Asian unicorns – VC backed companies with valuations in excess of $1 billion – in Q2 alone. Take a look at some other key Asian stats from the report:
- Since Q3’14, the average late-stage deal size in Asia has stood above $100M and as high as $285.9M in Q4’14, nearly 270% higher than in Europe in Q2’15.
- Early-stage deals fell to $4.1M.
- India experienced a big leap in VC-focused deal volume, increasing from 84 deals in Q1 to 122 deals in Q2, with funding doubling.
- Internet and mobile startups took a combined 82% of funding, compared to 65% and 74% in North America and Europe.