Led by $300m venture financing of Guoquan Shihui , total consumer industry venture financing deals worth $1.77bn were announced in Asia-Pacific in Q1 2021, according to GlobalData’s deals database.

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The value marked an increase of 113.9% over the previous quarter and a rise of 77% when compared with the last four-quarter average of $1bn.

Asia-Pacific held a 42.96% share of the global consumer industry venture financing deal value that totalled $4.12bn in Q1 2021. With a 32.04% share and deals worth $1.32bn, China was the top country in Asia-Pacific’s venture financing deal value across consumer industry.

In terms of deal activity, Asia-Pacific recorded 165 deals during Q1 2021, marking an increase of 10.74% over the previous quarter and a rise of 27.91% over the last four-quarter average. China recorded 94 deals during the month.

Asia-Pacific consumer industry venture financing deals in Q1 2021: Top deals

The top five venture financing deals accounted for 48.3% of the overall value during Q1 2021.

The combined value of the top five consumer venture financing deals stood at $852.97m, against the overall value of $1.77bn recorded for the quarter.

The top five consumer 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) Black Ant Capital , CITIC Agricultural Fund , Dehong Capital , Jingwei China, Maixing Investment, Purui Investment Fund , Sequoia China Fund and Yunfeng Fund L.P’s $122.4m venture financing of Jane Eyre

4) The $122.27m venture financing of Simple Love by BA Capital Partners , CITIC Agriculture Fund , DCP Capital , Maison Capital Group , Matrix Partners China, Proterra Investment Partners , Sequoia Capital China Fund and Yunfeng Capital

5) CDH Investment ManagementLimited, Huaxing New Economic Fund and Sequoia Capital China Fund’s venture financing of BabyCare (China) for $108.3m.