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Chinese start-ups raise $20.6bn of VC funding between January and April 2022

A total of 1,265 venture capital (VC) funding deals were announced in China during January-April 2022, while the disclosed funding value of these deals stood at $20.6 billion according to GlobalData, making it the highest highest VC funding amount raised by any Asia-Pacific (APAC) country.

A total of 1,265 venture capital (VC) funding deals were announced in China during January-April 2022, while the disclosed funding value of these deals stood at $20.6 billion according to GlobalData, making it the highest highest VC funding amount raised by any Asia-Pacific (APAC) country.

China also remains a key global market for VC funding and stands just next to the US in terms of both value and volume. However, akin to several other key global markets, April was not a good month for China as well. It witnessed a 63.3% massive decline in deal value in April compared to the previous month while deal volume also declined by 31.8%.

Although VC funding activity remained subdued in China in April, the previous months of the year witnessed announcement of several $100 million-plus deals. Some of these notable VC funding deals included US$785.7 million funding raised by Chongqing Changan New Energy Automobile, $472.6 million funding raised by Innoscience, $400 million capital raised by Hong Kong Asia Medical, $400 million raised by Jidu Auto, $400 million raised by WeRide, $315.8 million funding raised by Hozon, and $300 million capital raised by Newlink Group, among others.

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