Published:
Tech funding drops 27.25% MoM in April
Year-on-year (YoY), tech funding rose 48.47%.
In April, tech funding in Hong Kong dropped 27.25% month-on-month (MoM) to $29.1m, Traxcn reported.
Year-on-year (YoY), tech funding rose 48.47%.
Early-stage funding accounted for 72.5% of total funding during the period, whilst seed-stage funding made up the remaining 27.5%.
Top deals included Huizhi International Tourism ($13.8m), Terminal 3 ($8.0m), and ViAct ($7.3m).
The top investors were Illuminate Official, VentureWave Capital, and Huashan Capital, each participating in one deal. Meanwhile, BlackPine led private equity funds, and 500 Global led the incubators.
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