中国技术更新-2024年第三季度

Source:Dealroom.co The number of projected first time funded companies in 2024 is likelyunderestimated due to reporting lag on small rounds.▊Number of first time funded▊ProjectedNumber of startups raising their first VC round per year in China Page/ 2The number ofChinese startupsraising their firstVC round is nearall-time high.2020-2021 which were year ofhugely active VC activity inthe US and Europe, wereinstead a reset time for VC inChina, with lowest level ofactivity in a decade. Source:Dealroom.co▊$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 Page/ 3Round count inChina is nearall-time high,with 2023 beingthe most activeyear since 2018.The count for 2024 isexpected to increase due toreporting lag. Source:Dealroom.co 2024 data projected for full yearChina VC investment by stage» view online▊$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+) Page/ 4Chinese VCfunding is below2015 levels dueto drop inmegarounds.Early and breakout stage areabove pre 2017 and2019-2020. Source:Dealroom.coRegion share of global VC funding» view online Page/ 5China share ofglobal VCfunding is just13% in 2024, lessthan half the30% peak in2018.The US and Europe areattracting the highest share innearly a decade. 13%▊USA▊Europe▊Rest of Asia▊China Source:Dealroom.coVC investment in China by investor HQ» view online55%24% Page/ 6Foreigninvestors havealmostdisappearedfrom China. Itʼsall domesticcapital now.Less than 2% of capital in2024 has come from USinvestors, compared to 20%+in 2017-2018. Source:China venture capital investment by business modelDealroom.co Page/ 7Manufacturingattracted nearly80% of ChinaʼsVC funding in2023, up 4x from2016. Source:Source:Dealroom.coRest of consumer techMarketplaces & e-commerceFintechVC investment ('24 projected)VC investment ('24 projected)VC investment ('24 projected)Some VC sectors have completely disappeared from the Chinese market in the last few years. Page/ 9Deep Tech nowmakes up 40% ofChinaʼs VCfunding, a recordshare.This share has grown 4x since2018, mainly driven bysemiconductors, space, AI &robotics and clean tech. Page/ 10Source:Source:Dealroom.coGenAI model makersSpaceSemiconductorsVC investment ('24 projected)VC investment ('24 projected)VC investment ('24 projected)Some Deep Tech VC sectors boomed in the Chinese market in the last few years. Create a free account on dealroom.cofor more intelligence on startups andecosystems.