Tech funding hits $65.8m in March, driven entirely by late‑stage deals

The month saw GIBO Holdings’ $65.8m raise with no seed or early-stage funding reported, Tracxn shows.

Hong Kong’s technology sector raised $65.8m in disclosed deals in March 2026, according to a monthly funding tracker by global market intelligence platform Tracxn.

The total marked a 40.17% increase year on year (YoY) but was a 13.80% decline from February with data from the report showing that all recorded funding in March came from late-stage deals.

GIBO Holdings Ltd accounted for the largest funding round during the month, raising $65.8m. PointFit was also listed amongst the top deals, however the figure was undisclosed and was not reflected in the month’s total.

Seveno Capital was identified as a top investor for the month, with one recorded deal.

All recorded funding for the month was for late-stage deals with no seed-stage or early-stage funding reported for the month.

In comparison, February funding was split between early-stage deals at 65.3% and late-stage deals at 34.7% whilst in March 2025, seed-stage deals dominated the market at 88.9%, with early-stage funding accounting for 11.1%.

Over the 12-month period from April 2025 to March 2026, funding activity peaked in December 2025 at $332m, the report showed.

No initial public offerings, acquisitions, or new unicorns were recorded in March 2026, according to Tracxn.