Chinese Startups Receive More Funding than U.S. Startups

According to data compiled by Preqin/INSEAD Chinese startups brought in more than $56bn in the first half of 2018, while their U.S. counterparts saw $42bn; this was the first time Chinese startups attracted more funding than U.S. startups; China has also closed the gap on unicorns with 98, compared to 162 based in the U.S.; Christopher Elvin, Head of Private Equity at Preqin, tells AltFi, “With several unprecedentedly large funds in market to raise capital for investment in the sector, the prospects are bright for further developments in the China-based startup market.” Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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