Singapore's venture capital investment hits $998.7m in Q2

A total of 26 deals were sealed in the said quarter.

KPMG's latest Venture Pulse Q2 report revealed that in Singapore, Venture Capital investment was at US$725.3m (~$998.7m), with 26 deals recorded for the second quarter.

"The US$550m mega round raised by Singapore-based Sea (formerly Garena) helped skew total VC invested in Singapore to the second-highest in the past five and a half years. This underscores the importance of mature companies fundraising within a developing venture ecosystem such as Singapore,” said Chia Tek Yew, Head of Financial Services Advisory, KPMG in Singapore.

This came as global VC value increased 55.3% to US$40.1b, propelled by an uptick in mega-deals.

Here are the key highlights of the report:

Global VC investment rose from US$25.8b in Q1’17 to US$40.1b in Q2’17, a strong increase buoyed by a number of US$500m+ mega deals.

Global median deal size at every stage remained high. Median Series D+ deal size jumped from US$29.5m in Q1’17 to US$40m in Q2’17.

Corporate venture capital investment as a percentage of deal count spiked to 17.6 percent — representing the highest percentage this decade and almost US$20b in associated deal value globally.

Global venture fundraising jumped from US$11.5b in Q1 to over US$17 billion in Q2’17. Dry powder continued to drive high prices and competitive markets.

Unicorn rounds spiked in Q2, with 33 rounds representing a total of US$15b invested.