VC in Asia is booming right now and breaking all records. Incredible sums of capital have been raised over the last few years and there’s unprecedented amounts of investment being pumped into the region – Asia-focused venture capital assets under management have doubled over the last three years.
And even though the fund management industry in the region is still far smaller than America’s, it’s growing rapidly, fueled by a huge appetite from investors and a strong deals market. This hasn’t come as much of a shock given the number of tech “unicorns” that have sprung up in Asia during the past five year, increased digitization across Asian economies, disruption being witnessed in the financial sector, and the move towards cashless payments.
As of August 2018, there were almost 3,000 active venture capital fund managers with HQs in Asia. Greater China (comprising China, Hong Kong and Taiwan) makes up the significant majority of fund managers, accounting for almost 2,000 venture capital firms in Asia.
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