Venture capital in Asia has come a long way from an also-ran to a market that has almost closed the gap on the biggest name in venture capital, North America. According to analyst CB Insights
, 38 percent of corporate venture capital deals in 2018 were struck in Asian markets, up from 19 percent in 2013. This brings the North American deals share down from 64 percent in 2013 to 41 percent in 2018. Especially artificial intelligence and digital health deals were closed in Asia in higher numbers.
According to the report, corporate venture capital deals
in 2018 totaled US$52.95 billion across 2,740 deals. The most active corporate investor was Google Ventures. Chinese investor Baidu Ventures came in fourth. While China and Japan attracted significantly more interest from corporate venture capital with yearly increases of 54 and 100 percent respectively, India saw the biggest growth in corporate venture capital from 2016 to 2017, when investments quadrupled. From 2017 to 2018, they grew by another 20 percent.