China Venture Investing Up 47% This Year to $1.1 billionposted by MR WAVETHEORY at 11/14/2006 06:27:00 AM
Through the first three quarters of the year, there has now been $1.18 billion directed to 145 deals, putting 2006 on a clear path to surpass 2005's year-end total of 151 deals and $1.20 billion, and evidencing China's growing maturity in the global venture capital market.
That's a very brisk pace. Majority of the deals are seed or first round.
While seed- and first-round deals continued to make up the majority (70%) of deal flow in the third quarter, there were 14 second or later round deals this quarter, up from 10 in the same quarter a year ago. In addition, the amount of capital directed toward these later rounds, $139.7 million, was 57% more than was invested in similar rounds last year. On the other side, there were 38 seed- and first-round deals in the third quarter, an increase from the 25 that occurred in the third quarter of 2005. The capital investment to these rounds was $216.6 million, a 65% increase in capital from a year ago.