Led by $300m venture financing of Guoquan Shihui, total consumer industry cross border venture financing deals worth $758.75m were announced in Asia-Pacific in Q1 2021, according to GlobalData’s deals database.
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The value marked an increase of 339.1% over the previous quarter and a rise of 295.8% when compared with the last four-quarter average of $191.72m.
Asia-Pacific held a 41.24% share of the global consumer industry cross border venture financing deal value that totalled $1.84bn in Q1 2021. With a 20.61% share and deals worth $379.21m, China was the top country in Asia-Pacific’s cross border venture financing deal value across consumer industry.
In terms of deal activity, Asia-Pacific recorded 31 cross border deals during Q1 2021, marking an increase of 29.17% over the previous quarter and a rise of 36.26% over the last four-quarter average. India recorded ten deals during the month.
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By GlobalDataAsia-Pacific consumer industry cross border venture financing deals in Q1 2021: Top deals
The top five cross border venture financing deals accounted for 90.8% of the overall value during Q1 2021.
The combined value of the top five consumer cross border venture financing deals stood at $688.9m, against the overall value of $758.75m recorded for the quarter.
The top five consumer cross border deals of Q1 2021 tracked by GlobalData were:
1) CMB International Securities and Tiantu Investments’ $300m venture financing of Guoquan Shihui
2) The $200m venture financing of Klook Travel Technology by Aspex Management, Boyu Capital Consultancy, Matrix Partners China, Sequoia Capital China and SoftBank Vision Fund 1
3) Warburg Pincus’ $100m venture financing of Imagine Marketing
4) The $76.9m venture financing of WOW COLOUR by IDG Capital, innovative workshops, Oak Capital Management, Ruixiang Capital Management and Zhejiang Private Enterprise Joint Investment
5) Eight Roads Ventures India, F-Prime and Matrix Partners India’s venture financing of Oziva for $12m.