CHART: A Look at Asia's Venture Capital Funding in Q3 2022
Venture capital investment marked its lowest in Q3 2022 since the first quarter of 2020 when the world was just entering into a pandemic and only $19.6 billion was raised by startups in the region.
Funding sank to its lowest level in 10 quarters, a trend not unique to only Asia, largely driven by a drop in late-stage funding as the region felt the full effects of the current private market pullback.
The number of investment deals also saw a decline as only 1,417 deals were announced in Q3 2022, down 18% from last quarter and 22% from a year ago.
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