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.

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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

3) Yonghua Capital’s $10.83m venture financing of Beijing UBay Technology

4) The $10.74m venture financing of SMarket press by Asteran Investment, Lighthouse Combine Investment, Now IB Capital and SparkLabKC

5) Hillhouse Ventures, IDG Capital, Tsingshan Capital and Yiling Capital’ venture financing of Hangzhou Jiadianweiwei Technology for $10m.