February proved to be a record month for dealmaking in the Greater China market as startups raised $6.7 billion, the highest monthly deal value since September 2022.
Thanks to one megadeal that contributed to almost half of the monthly financing, the total fundraising in February was 23.1% higher than in January when startups had raised over $5.4 billion. The month’s deal count of 222 marked a 16.2% increase from 191 deals in the previous month, according to proprietary data compiled by DealStreetAsia.