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Venture Pulse: Q1 2019 Global analysis of venture funding

Venture Pulse Report – Q1 2019

Venture Pulse is a quarterly global venture capital (VC) trends report published by KPMG Enterprise and KPMG's Global Network for Innovative Startups. The report analyses the latest global trends in venture capital investment data and provides insights from both a global and Australian perspective.

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Australian trends

In Q1 2019, 15 deals were closed which is significantly less than the 41 closed in Q1 2018 and Q1 2019 turned in a historically healthy sum of VC invested, nearing US$150 million. Airwallex’s US$100 million Series C funding was key in propping up that healthy total. Other notable local deals include: GO1, TRIBE, TrackActive, Kapiche, OpenSparkz and AirTracker.

Global trends

After a record level of VC investment in 2018, the VC market globally got off to a relatively weak start in Q1 2019, particularly in China. The US continued to see very strong VC investment, including a US$5 billion investment from SoftBank into The We Company (formerly WeWork) and a US$1 billion raise by freight logistics company Flexport.

A shortage of US$1 billion+ megadeals likely contributed to the decline in VC investment in Asia quarter over quarter. In Europe, meanwhile, VC investment remained relatively steady in Q1 2019 despite Brexit challenges in the UK. Strong activity in other European markets likely helped buoy investment numbers in the region.

Late-stage deals continued to attract the bulk of VC investments globally as economic uncertainties around the globe continued to resonate across a number of markets.

Read the full report for details.

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