Worldwide venture capital deals declined to 1,378 valued at US$10.8 billion in the third quarter of 2013, compared to 1,504 deals valued at US$11.1 billion in previous quarter marking the lowest quarterly fall since the fourth quarter of 2011, according to data released by Preqin.
There were 1,271 venture capital deals valued at US$10.5 billion in the fourth quarter of 2011.
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Region-wise, venture capital activity in North America declined from 910 deals in second quarter of 2013 to 872 deals in the third quarter. Deals in Europe fell by 22% from second quarter to third quarter from 375 to 291 respectively.
Interestingly, China saw an 84% rise in the number of venture capital deals from second quarter to third quarter 2013.
Preqin head of private equity products Ignatius Fogarty said that North America and Europe both saw drops in deal activity in Q3 compared to the previous quarter, other regions, such as China, saw notable increases."
"Furthermore, the aggregate value of venture capital investment in Q3 2013 in Indian companies was up by a significant 64% compared to the previous quarter," Fogarty added.
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