The Asia-Pacific (APAC) venture capital (VC) deal activity recorded a modest slowdown in 2025 compared with 2024. The total number of VC deals with disclosed funding value announced in the region fell by around 2% to 3,633 in 2025 compared to 3,722 transactions in the previous year. However, the number of mid-to-high value funding rounds increased despite softening VC activity, according to GlobalData, a leading intelligence and productivity platform.
An analysis of GlobalData’s Financial Deals Database revealed that while overall volumes eased, the funding-size mix indicates a clear recalibration in investor preference. The number of low-value deals (≤ $10 million) declined while mid-range (>$10 million and ≤$100 million) and high-value deals (>$100 million) volumes increased overall despite a pullback in mega-deals above $500 million.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The pattern points to a highly cautious approach to very early-stage capital deployment, while capital is concentrating around later-stage winners–companies with proven unit economics, stronger governance, and clearer pathways to profitability. Meanwhile, the decline in $500 million-plus rounds highlights a continued reset in risk appetite and valuation discipline.”
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Low-value deals continued to dominate the APAC VC landscape, but they suffered a year-on-year setback. The total number of deals announced in this range fell from 2,563 in 2024 to 2,449 in 2025.
In the mid-range segment, overall activity remained relatively resilient, with the number of VC deals announced in this range increasing from 1,074 in 2024 to 1,091 in 2025. However, deals in the $10–20 million bracket edged down from 651 to 641. The continued deal flow in the $20-50 million range and the pronounced growth in $50-100m range deal volume managed to offset the decline.
The number of high-value VC deals increased from 85 in 2024 to 93 in 2025, mainly driven by growth in deals in $100–500 million range, which increased from 73 to 89. However, the market saw a sharp contraction at the very top end with deals sized $500–1,000 million falling from eight to three, and >$1,000 million dropping from four to one.
Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain
