Global venture funding shows a slight recovery, but Asia has reached its lowest levels since 2015, with Asia-based startups raising $14.6 billion in the last quarter—a 24% decline from the previous quarter and a 32% annual decrease. Asia's deal volume also drops, with only 1,511 funding deals in Q2, down 15% from Q1 and 27% year-over-year. Late-stage growth rounds draw $14.6 billion, the lowest since 2019. Unlike North America, which had several billion-dollar rounds, key Asian deals included $690 million for China's Hozon, $665 million for India's Zepto, and $552 million for China's Unisoc. Early-stage funding also struggles, hitting $4.9 billion in Q2—a 53% drop from Q1 and 39% annually, with deal volume falling 7% from Q1. Seed and angel funding shows slight increases, totaling $1.9 billion but with deals down 19% from Q1 and 34% from last year. China leads the decline, with funding reaching only $6.9 billion, a 46% drop from Q1. India sees $3.4 billion, up 27% from Q1 but down 9% year-over-year. The decline in venture funding pushes the market back to levels from a decade ago, with trade tensions, economic instability, and regulatory policies in China contributing to the downturn.
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