2022年12月20日

根據私募市場數據平台PitchBook的數據，風投基金在今年前三個季度籌集了1510億美元，超過了以往任何全年的融資。紅杉東南亞(Sequoia Southeast Asia)在6月份籌集了8.5億美元的資金，East Ventures在7月份籌集了5.5億美元，Insignia Ventures Partners在8月份籌集了5.16億美元。“我們可以積極積極地進行部署，但估值如何呢?”今年年初，由於利率上升和業績令人失望，科技股大幅下挫。Insignia的Tan表示:“投資者正將更多的可部署資金和時間用於支持投資組合公司，以提高其資本效率。”Alpha JWC Ventures的喬表示:“這並不是說我們上次不關心(盈利能力)。“但幾乎沒有初創公司能在頭五年實現盈利。也許心態的轉變是……我們要更加謹慎地發展。是的，它們會燃燒。 No, they do not need to be profitable now, as long as they are capital efficient and have strong unit economics." Survival of the fittest This drier fundraising landscape is a litmus test revealing the true sustainability of business models and sector demand, said Insignia's Tan. "The companies that actually last this winter will prove to be survivors of the down market situation. So in a way, the market is doing a lot of work for us," said Jessica Koh, director of investments at Vertex Ventures. Some sectors such as quick commerce have already seen casualties. Quick commerce promises to place orders in customers' hands in less than 30 minutes. watch now