创投月报 | 5月仅新增2家机构：佛山新动能产业基金首期关账 空中云汇投后估值达62亿美元

Group 1 - The core viewpoint of the article highlights a significant decline in the registration of private equity and venture capital fund managers in May 2025, with only 2 new registrations, a drop of 83.3% from April and 60% from May 2024 [1] - In May 2025, a total of 428 financing events occurred in the domestic primary equity investment market, representing a year-on-year decrease of 13.6% and a month-on-month decrease of 18.0% [3] - The average single financing amount in May 2025 was approximately 42.90 million yuan, marking the lowest point in nearly five months [3] Group 2 - Early-stage financing events (seed, angel, Pre-A, and A rounds) accounted for 63.5% of total financing events, slightly down from 67.8% in April 2025 [6] - The disclosed financing amount for B rounds was 4.26 billion yuan, leading the financing categories, followed closely by strategic financing and A rounds [6] - The advanced manufacturing sector led with 80 financing events, with approximately 52.5% of the companies being in the integrated circuit sector [11] Group 3 - The financing frequency for A rounds saw a decline in both the number of events and disclosed amounts compared to May 2024, with decreases of 11.3% and 23.8% respectively [9] - The Jiangsu region completed 85 financing events, maintaining its leading position, while the total financing amount reached 4.168 billion yuan, 1.19 times that of Shanghai [16] - The total amount of large financing events exceeding 1 billion yuan in May 2025 was only 2, totaling 3.459 billion yuan, which accounted for about 19.0% of the disclosed financing total [28] Group 4 - The most active investment institutions included Shenzhen Capital Group, Zhongke Chuangxing, and Meihua Venture Capital, with state-owned institutions making up approximately 62.5% of those with 4 or more investment events [21] - The newly established Foshan New Momentum Industry Fund aims for a target scale of 20 billion yuan, with the first phase raising 4 billion yuan [24] - The cross-border payment platform Airwallex completed a $300 million Series F financing, with a post-investment valuation of $6.2 billion [28]