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The Q1 2015 Asia Tech Report

Asia’s Tech scene is booming. Funding to Asian VC-backed Tech companies topped $4B for the third straight quarter, as investors continue to pour money into major tech hubs in China and India.

This in-depth report analyzes the funding activity for VC-backed private technology companies based in Asia including overall financing activity, which countries saw the most funding, and more. Below is a high-level summary of some of the report’s highlights. For all of the findings, download the entire report. It’s free.


Q1 2015: $4.8B ON 247 DEALS – ASIA STILL ON FIRE


After a blowout Q4’14 which featured six $500M+ rounds, Asian VC-backed tech companies came slightly back down to earth, raising $4.8B on 247 deals. The funding total is still the second highest total since 2013, up 95% versus the same quarter a year prior. 

SEQUOIA CAPITAL IS MOST ACTIVE IN Q1’15


Sequoia Capital, which includes all of their Asian affiliates, was the most active investor in Asian VC-backed Tech companies. The fund’s China arm invested in four $100M+ rounds to companies including Ele.me and Zhaogang, among others. IDG Ventures and Matrix Partners rounded out the top 3.





 


SERIES A DEAL SIZES REACH FIVE-QUARTER HIGH


Series A deal sizes reached five-quarter highs on both a median and average basis. Multiple $50M+ rounds drove the average to $10.6M, while the median round size edged up slightly to $5.55M. 







CHINA FUNDING REMAINS ABOVE $2B FOR THIRD STRAIGHT QUARTER


After a massive Q4’14 which featured five $100M+ rounds and 82 deals, Q1’15 saw just under $3B raised, up 69% versus the same quarter a year prior. Deals fell for the second straight quarter, however funding was supported by large rounds, as Q1’15 saw over ten $100M+ financings to VC-backed Chinese Tech companies.

INDIA TECH DEAL ACTIVITY REACHES NINE-QUARTER HIGHS


Investment into VC-backed Indian Tech companies topped $1B for the third straight quarter, reaching $1.36B in Q1’15, up 225% versus the same quarter a year prior. While funding was down slightly versus Q4’14, deals reached a nine-quarter high, growing 60% vs. Q1’14 to 69.


The Q1 2015 Asia Tech Report highlights funding trends as well as top investors, countries, and trends for VC-backed Asian tech companies. To receive the Q1 2015 Asia Tech Report, sign up by entering your business email address in the form below.