Greater China Deal Review: Q4 2023

21 February, 2024

At $50.5 billion, funds raised by startups in Greater China in 2023 were 5% below the previous year’s levels, even though the deal count was up 13% to 2,588 transactions. The region was unable to sustain the fundraising momentum witnessed in the first quarter of 2023. Fundraising in Q4 plunged 23.7% sequentially to just under $10.8 billion, the lowest since Q2 2020.

Public market fundraising, too, witnessed a slowdown in 2023 as there were just 317 IPOs in 2023 that raised less than $52.1 billion. In comparison, 399 IPOs in 2022 raised $76.3 billion.

Read the Greater China Deal Review: Q4 2023 report for insights into:

  • The industries and verticals that raised the most funds
  • The funding stages that attracted the most capital
  • The startups that raised the most funds in 2023
  • The biggest IPOs by Chinese startups in 2023
  • What top investors are forecasting for China’s fundraising landscape

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