VC and private equity fundings in Hong Kong peak to $332m in December

Late-stage rounds accounted for 66.3% of funding during the month.  

Hong Kong saw $332m of funding in December 2025, a 2,782% increase from the previous month and a 66.42% rise compared to the same month last year, Hong Kong Business and Traxcn data showed.

Late-stage funding accounted for 66.3% during the month, compared to 50.1% in the same month last year. In November, the data showed that early-stage funding accounted for 87%.

Top deals were made by PremiaLab with $220m, RedotPay with $107m, AllScale with $5m, and Gipt and Superbo with undisclosed amounts.

Top investors overall were Balderton Capital, HSG, and Informed Ventures.

Top investors for venture capital funds were Balderton Capital, HSG, and YZi Labs, whcih recorded one deal each; whilst the top investors for private equity funds were KKR and HSG.

In terms of exits, one acquisition and one IPO were seen in December 2025, whilst the month before recorded zero IPO and acquisitions. No unicorns emerged last month.

Regarding funding trends amongst equity rounds and tech companies in the last 12 months, funding peaked in February 2025 with $137m. July and October 2025 both saw $117m.