Greater China
There were 11 megadeals, which garnered 84% of the total capital raised in Aug.
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US auto safety regulator opens probe into some VinFast EVs
5
China's Ant Group refinancing $6.5b credit line
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The Series B or post-Series B rounds accounted for about 72% of the total deal value.
Chinese GenAI startup Baichuan clocked the biggest venture deal of the month.
Singapore
The biggest deal was the $80m Series B secured by Lhoopa.
Deal volume increased to 119 in July from 94 in June riding on early-stage deal activity
There were 52 transactions in the month, the lowest this year, that raised $781m.
The month saw 7 megadeals garnering almost $1.8 billion in funding or 62.1% of the total deal value.
June’s proceeds of $2.2 billion marked a nearly 18% month-on-month growth.
While the capital haul was a 4X increase from Apr, it fell 16% from a year ago.
However, startup fundraising for the first five months of 2024 held up despite the slump.
