Total consumer industry venture financing deals worth $110.47m were announced in Asia-Pacific in February 2021, led by $15.45m venture financing of Zhoushan Glutton Culture E-Commerce , according to GlobalData’s deals database.
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The value marked a decrease of 80.9% over the previous month of $576.74m and a drop of 69.5% when compared with the last 12-month average of $362.5m.
Asia-Pacific held a 16.52% share of the global consumer industry venture financing deal value that totalled $668.54m in February 2021. With a 6.98% share and deals worth $46.64m, China was the top country in Asia-Pacific’s venture financing deal value across consumer industry.
In terms of venture financing deal activity, Asia-Pacific recorded 37 deals during February 2021, marking a decrease of 33.93% over the previous month and a drop of 17.78% over the 12-month average. China recorded 15 deals during the month.
Asia-Pacific consumer industry venture financing deals in February 2021: Top deals
The top five consumer industry venture financing deals accounted for 55% of the overall value during February 2021.
The combined value of the top five consumer venture financing deals stood at $60.71m, against the overall value of $110.47m recorded for the month.
The top five consumer industry venture financing deals of February 2021 tracked by GlobalData were:
1) Tiantu Capital ’s $15.45m venture financing of Zhoushan Glutton Culture E-Commerce
2) The $13.68m venture financing of Happilo by A91 Partners