2025年第一季度中国科技投资报告

Q1 2025 April 2025 Chinese startupsraised $6.9B inQ1 2025 VC funding was down45% against Q1 2024 Round count inChina is on parwith previousquarters, but hasalmost halvedfrom 2023 ▊$0–1m (pre-seed)▊$1–4m (seed)▊$4–15m (series A)▊$15–40m (series B)▊$40–100m (series C)▊$100–250m(mega rounds)▊$250m+ (mega+)Number of VC round in China by stage» view online China share ofglobal VCfunding was 6%in Q1 2025, lessthan half the31% peak in2016 The US is attractingamong the highestshare ever Foreigninvestors havealmostdisappearedfrom China Since 2021, foreigninvestment hasconsistently decreased.In Q1 2025, less than2% of capital camefrom US investors,compared to over 20%in 2017-2018 82% of VC inChina goes tomanufacturing,up from just 60%in last Q1 2024 Health Techcompaniesraised $1.5B,followed bySemiconductorsat $1.1B Semiconductorsreceived themost VC fundingin Q1 2025 China rankedfirst amongstAsiaʼs biggest techecosystems byVC investment Shanghai andBeijing drop inVC investment inQ1 2025, placingthem on #4 and#7 respectively Bengaluru, Tel Aviv,and Delhi rise to thetop driven by strongquarter-over-quartergrowth Create a free account on dealroom.cofor more intelligence on startups andecosystems.