Venture backers made a record number of investments in Southeast Asian startups in the first half of this year, though the value of those deals declined as investors focus on early stage deals in the region’s burgeoning internet scene.
There were 393 investments across the region in the first half, topping the previous record of 375 in the first half of 2019, research from Singapore’s Cento Ventures showed. Total capital raised was $4.4 billion, down from $5.8 billion a year earlier. The fall is mainly attributable to less outsized fundraising by unicorns such as Grab Holdings Inc. that dominated the region’s capital raising in the past as they are now seeking to go public.
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September 27, 2021 at 09:05AM
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Southeast Asian Startup Deals Hit Record Number in First Half - Bloomberg
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