{"id":3934,"date":"2024-06-14T01:30:10","date_gmt":"2024-06-14T01:30:10","guid":{"rendered":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/?page_id=3934"},"modified":"2024-06-14T10:13:35","modified_gmt":"2024-06-14T10:13:35","slug":"report-se-asia-may-2024","status":"publish","type":"page","link":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-se-asia-may-2024\/","title":{"rendered":"SE Asia Deals Barometer: Startup funding rebounds to five-month high of $878m in May"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3934\" class=\"elementor elementor-3934\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b5f848 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"3b5f848\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d377be0\" data-id=\"d377be0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e9804d9 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"e9804d9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-inner-column elementor-element elementor-element-2e6c818\" data-id=\"2e6c818\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2a5ba58 elementor-widget elementor-widget-heading\" data-id=\"2a5ba58\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">SE Asia Deals Barometer Report: <span style=\"color: rgb(33, 37, 41); font-family: Montserrat, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 2.25rem; white-space-collapse: collapse;\">Startup funding rebounds to five-month high of $878m in May<\/span><\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-b7820ee\" data-id=\"b7820ee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-d42463d elementor-widget elementor-widget-image\" data-id=\"d42463d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1956\" height=\"1098\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/sea.png\" class=\"attachment-full size-full wp-image-3914\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/sea.png 1956w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/sea-300x168.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/sea-1024x575.png 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/sea-768x431.png 768w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/sea-1536x862.png 1536w\" sizes=\"(max-width: 1956px) 100vw, 1956px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e0f1be1 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"e0f1be1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-1b79b7d h-100\" data-id=\"1b79b7d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ce75793 elementor-widget elementor-widget-text-editor\" data-id=\"ce75793\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\tBy <a href=\"#\">Mars W. Mosqueda Jr.<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43ae895 elementor-widget elementor-widget-text-editor\" data-id=\"43ae895\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>June 12, 2024<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3312e6a elementor-widget elementor-widget-html\" data-id=\"3312e6a\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"card-footer bg-white div-social-icons d-print-none\">\r\n    <ul class=\"nav\">\r\n        <li>\r\n            <a class=\"nav-link\" href=\"#\" target=\"_blank\"><i class=\"fa fa-facebook-f\"><\/i><\/a>\r\n        <\/li>\r\n        <li>\r\n            <a class=\"nav-link\" href=\"#\" target=\"_blank\"><i class=\"fa fa-twitter\"><\/i><\/a>\r\n        <\/li>\r\n\r\n        <li>\r\n            <a class=\"nav-link\" href=\"#\"><i class=\"fa fa-envelope\"><\/i><\/a>\r\n        <\/li>\r\n        <li>\r\n            <div class=\"dropdown-social\">\r\n                <a class=\"nav-link dropdown-toggle\" type=\"button\" id=\"dropdownMenuButton1\" data-bs-toggle=\"dropdown\" aria-expanded=\"false\"><i class=\"fa fa-share-alt\"><\/i><\/a>\r\n                <div class=\"dropdown-menu dropdown-menu-right\" aria-labelledby=\"dropdownMenuButton1\">\r\n                    <a href=\"#\" target=\"_blank\"><i class=\"fa fa-reddit-alien fa-2x\"><\/i><\/a>\r\n                    <a href=\"#\" target=\"_blank\"><i class=\"fa fa-linkedin fa-2x\"><\/i><\/a>\r\n                    <a href=\"#\" target=\"_blank\" data-action=\"\/share\/whatsapp\/share\"><i class=\"fa fa-whatsapp fa-2x\"><\/i><\/a>\r\n                <\/div>\r\n            <\/div>\r\n        <\/li>\r\n\r\n    <\/ul>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-0c1e279 less-content\" data-id=\"0c1e279\" data-element_type=\"column\" id=\"showContent\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a38e8d5 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"a38e8d5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Capital raised by startups based in Southeast Asia rebounded in May, mostly because of three big-ticket deals sealed in the month, even as the overall fundraising environment remains subdued compared with 2023 levels.<\/p><p>Startup fundraising last month reached $878 million, a nearly four-fold increase from <a href=\"https:\/\/www.dealstreetasia.com\/stories\/se-asia-deal-review-april-2024-395644\/\">April&#8217;s $227 million,<\/a> as Princeton Digital Group, Lazada, and Atlan clinched megadeals, or transactions valued at over $100 million. The amount raised in May is the highest monthly deal value so far this year.<\/p><p>However, the deal value in May is 16% lower than the $1.05 billion that Southeast Asian startups raised from 73 deals a year earlier.<\/p><p>There were 55 transactions\u2014venture capital, angel rounds, debt rounds, and corporate deals\u2014recorded in the month, which is one deal lower than in April. At least 19 deals did not disclose the amount raised.<\/p><p>Funding in each month of 2024 has also been significantly short of the psychologically important $1 billion mark (<em>see chart below<\/em>). Startup fundraising last crossed the 10-figure dollar mark in December 2023.<\/p><div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/18309587\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div><p>The average deal size, based on transactions with disclosed funding sizes, stood at $24.4 million, up from $6.1 million in April.<\/p><p>The biggest deal in May was the $280 million green loan that Singapore-based data centre provider <a href=\"https:\/\/www.dealstreetasia.com\/stories\/princeton-digital-green-loan-394871\/\">Princeton Digital Group<\/a> secured for its 150MW, AI-ready JH1 campus in Sedenak Tech Park in Johor, Malaysia. The deal was Princeton Digital&#8217;s first green loan, which is a form of debt targeted at environment-friendly projects.<\/p><p>The deal value was further buoyed by the <a href=\"https:\/\/www.dealstreetasia.com\/stories\/alibaba-lazada-se-asia-396562\/\">$230 million that e-commerce major Lazada received<\/a> from its parent Alibaba. This was the Chinese tech behemoth&#8217;s first capital injection into Lazada this year, following a $1.8 billion infusion, across multiple tranches, in 2023.<\/p><p>Alibaba, which gained control of Lazada in 2016, injected $634 million in December last year. In 2022, it pumped more than $1.6 billion into its Southeast Asia entity in over three tranches.<\/p><p><a href=\"https:\/\/www.dealstreetasia.com\/stories\/atlan-gic-meritech-capital-395114\/\">Atlan<\/a>, the Singapore-based next-generation platform for data and AI governance, also made it to the megadeal table as it announced a $105-million Series C funding round in May, led by Singapore sovereign wealth fund GIC alongside US-based Meritech Capital.<\/p><h3 style=\"text-align: center;\">Mega deals of May 2024<\/h3>\n<table id=\"tablepress-114\" class=\"tablepress tablepress-id-114\">\n<thead>\n<tr class=\"row-1 odd\">\n\t<th class=\"column-1\">Name<\/th><th class=\"column-2\">Headquarters<\/th><th class=\"column-3\">Amount Raised<\/th><th class=\"column-4\">Funding Stage<\/th><th class=\"column-5\">Lead Investor\/s<\/th><th class=\"column-6\">Verticals<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-hover\">\n<tr class=\"row-2 even\">\n\t<td class=\"column-1\">Princeton Digital Group<\/td><td class=\"column-2\">Singapore<\/td><td class=\"column-3\">$280,000,000<\/td><td class=\"column-4\">Debt Financing<\/td><td class=\"column-5\">Maybank, Standard Chartered Bank, UOB Malaysia<\/td><td class=\"column-6\">Data center<\/td>\n<\/tr>\n<tr class=\"row-3 odd\">\n\t<td class=\"column-1\">Lazada Group<\/td><td class=\"column-2\">Singapore<\/td><td class=\"column-3\">$230,000,000<\/td><td class=\"column-4\">Corporate Round<\/td><td class=\"column-5\">Alibaba Group<\/td><td class=\"column-6\">E-commerce<\/td>\n<\/tr>\n<tr class=\"row-4 even\">\n\t<td class=\"column-1\">Atlan<\/td><td class=\"column-2\">Singapore<\/td><td class=\"column-3\">$105,000,000<\/td><td class=\"column-4\">Series C<\/td><td class=\"column-5\">GIC, Meritech Capital Partners<\/td><td class=\"column-6\">Data analytics; AI\/ML<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-114 from cache --><p>The three deals brought to four the number of mega deals that have been registered so far this year. <a href=\"https:\/\/www.dealstreetasia.com\/stories\/pe-vc-investments-startups-march-390259\">In March<\/a>, Indonesian fintech company Akulaku had raised $100 million debt financing from London-based HSBC.<\/p><p>In 2023, Southeast Asian startups raised about $7.72 billion in funding from 716 equity deals, with Lazada alone raising $1.9 billion from parent Alibaba Group. The annual deal value was down 53% from 2022, while the equity deal volume fell 30%.\u00a0There were also 41 debt deals that raised a combined $836 million during the year.<\/p><p>In the first quarter of this year, deal volume in Southeast Asia recovered slightly, with at least 180 transactions, surpassing the previous quarter\u2019s 164 deals. However, the total private capital raised plummeted to its lowest level in five years, according to the <a href=\"https:\/\/www.dealstreetasia.com\/reports\/se-asia-deal-review-q1-2024\">SE Asia Deal Review: Q1 2024<\/a> report. The report added that the decline reflects the ongoing global liquidity crunch, which has mainly dampened late-stage funding.<\/p><h3>Singapore accounts for 90% of the funds raised in May<\/h3><p>Singapore remained the top investment destination in May, with startups in the city-state cornering the lion&#8217;s share of funding. Singapore-based startups were involved in 33 transactions during the month, or 60% of the total number of deals. In terms of funding value, private companies in Singapore raised $784 million, or nearly 90% of the total amount raised.<\/p><div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/18309597\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div><p>The average deal size in Singapore, based on disclosed funding sizes, stood at $34.1 million, up from $7.1 million a month ago. Ten deals did not disclose the amount they raised.<\/p><p>In April, too, Singapore was the destination of choice for investors in the region, with 30 transactions that collectively raised over $170.7 million.<\/p><p>Indonesian startups managed to sign up nine transactions that raised $68.1 million in total, led by aquaculture company eFishery&#8217;s <a href=\"https:\/\/www.dealstreetasia.com\/stories\/efishery-loan-hsbc-398220\/\">$30-million green and social loan<\/a> from HSBC Indonesia. The loan is structured like a revolving facility, meaning the disbursement will be carried out as needed and rolled every 90 days.<\/p><p>Philippines-based startups secured $17.5 million last month from four transactions. The deals were <a href=\"https:\/\/www.dealstreetasia.com\/stories\/lhoopa-sereis-b-wavemaker-397630\">led by Lhoopa<\/a>, a proptech startup that secured $12.5 million in its Series B funding round anchored by Wavemaker Partners.<\/p><p>Malaysian startups raised $2.6 million from three transactions while Vietnam scored at least $720,000 from four deals. Cambodia appeared on the funding board last month after two startups in the country managed to secure $5 million in total funding.<\/p><h3>Fintech leads deals, data centre secures most funding<\/h3><p>A closer look at the industry verticals shows that fintech topped the list of sectors last month in terms of volume, although it was the data centre vertical that pulled in the most funds thanks to Princeton Digital&#8217;s $280 million haul.<\/p><p>Fintech saw six deals that raised $24.5 million in total while Software &amp; IT startups signed five deals that secured $23.3 million.<\/p><div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/18309619\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div><p>The largest fintech deal was the $17 million Series B <a href=\"https:\/\/www.dealstreetasia.com\/stories\/osome-series-b-round-2-396381\">extension funding of<\/a> Singapore-based, AI-powered startup Osome. The round was an extension of a $25 million series B funding first raised in December 2022, bringing the total to $42 million.<\/p><p>Dora Factory, a Singapore-based decentralised governance infrastructure, completed a $10 million strategic fundraising, the largest amount in the Software &amp; IT space in May.<\/p><p>Meanwhile, Data Analytics \/ AI raised $110.4 million from five deals while agritech and health tech saw four deals each that raised $51.6 million and $15.5 million, respectively.<\/p><p>Startups in the gaming sector raised $35.6 million in total from three transactions while e-commerce saw three deals that raised $258.3 million, thanks to Lazada&#8217;s $ 230 million capital infusion. E-commerce was the second most funded sector in May.<\/p><h3>Early-stage continues to see traction<\/h3><p>Early-stage funding continued to dominate Southeast Asia&#8217;s dealmaking scene in May in terms of deal volume. Seed rounds took the lead at 21 deals, Series A accounted for eight transactions, while corporate rounds chipped in six deals.<\/p><div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/18309641\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div><p>There were four Series B rounds, two Pre-Seed rounds, two debt financing deals, and one each for Series C, Pre-Series A, and Angel rounds. Nine deals did not disclose funding stages.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c209b1 elementor-align-center viewReport elementor-widget elementor-widget-button\" data-id=\"3c209b1\" data-element_type=\"widget\" id=\"viewReportIndia\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-size-sm\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">View Report<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-051d2f5\" data-id=\"051d2f5\" data-element_type=\"column\">\n\t\t\t<div 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.elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider 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elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7b5451f elementor-widget elementor-widget-text-editor\" data-id=\"7b5451f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Venture Capital<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dea15d5 elementor-position-left related-box elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"dea15d5\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-image-box .elementor-image-box-content{width:100%}@media (min-width:768px){.elementor-widget-image-box.elementor-position-left .elementor-image-box-wrapper,.elementor-widget-image-box.elementor-position-right .elementor-image-box-wrapper{display:flex}.elementor-widget-image-box.elementor-position-right .elementor-image-box-wrapper{text-align:right;flex-direction:row-reverse}.elementor-widget-image-box.elementor-position-left .elementor-image-box-wrapper{text-align:left;flex-direction:row}.elementor-widget-image-box.elementor-position-top .elementor-image-box-img{margin:auto}.elementor-widget-image-box.elementor-vertical-align-top .elementor-image-box-wrapper{align-items:flex-start}.elementor-widget-image-box.elementor-vertical-align-middle .elementor-image-box-wrapper{align-items:center}.elementor-widget-image-box.elementor-vertical-align-bottom .elementor-image-box-wrapper{align-items:flex-end}}@media (max-width:767px){.elementor-widget-image-box .elementor-image-box-img{margin-left:auto!important;margin-right:auto!important;margin-bottom:15px}}.elementor-widget-image-box .elementor-image-box-img{display:inline-block}.elementor-widget-image-box .elementor-image-box-title a{color:inherit}.elementor-widget-image-box .elementor-image-box-wrapper{text-align:center}.elementor-widget-image-box .elementor-image-box-description{margin:0}<\/style><div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-china-may-2024\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"1960\" height=\"1100\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/china.png\" class=\"attachment-full size-full wp-image-3916\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/china.png 1960w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/china-300x168.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/china-1024x575.png 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/china-768x431.png 768w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/china-1536x862.png 1536w\" sizes=\"(max-width: 1960px) 100vw, 1960px\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-china-may-2024\/\">China Deals Barometer Report: Startup funding slumps 32% to a record low in May<\/a><\/h3><p class=\"elementor-image-box-description\">Venture capital funding for privately-held firms across mainland China, Hong Kong, Macau, and Taiwan plunged 32% to $2.5 billion in May over the previous month, as China\u2019s uneven economic growth and ongoing geopolitical tensions weighed on investor sentiment. This was the lowest amount raised by Chinese startups since DealStreetAsia started tracking deals of all sizes in April 2020. <\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3a38c60\" data-id=\"3a38c60\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f0312bf elementor-widget elementor-widget-text-editor\" data-id=\"f0312bf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Venture Capital<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b7ed5ef elementor-position-left related-box elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"b7ed5ef\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-india-may-2024\/\" tabindex=\"-1\"><img loading=\"lazy\" decoding=\"async\" width=\"1958\" height=\"1100\" src=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/india.png\" class=\"attachment-full size-full wp-image-3915\" alt=\"\" srcset=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/india.png 1958w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/india-300x169.png 300w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/india-1024x575.png 1024w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/india-768x431.png 768w, https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-content\/uploads\/2024\/06\/india-1536x863.png 1536w\" sizes=\"(max-width: 1958px) 100vw, 1958px\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-india-may-2024\/\">India Deals Barometer Report: At $1.9b, startup fundraising in May hits nearly two-year high<\/a><\/h3><p class=\"elementor-image-box-description\">After encountering periods of uncertainty and slowdown, startup fundraising in India hit its highest in nearly two years at $1.9 billion in May as a result of a spurt in megadeals, according to proprietary data compiled by DealStreetAsia. The big-ticket deals had dried up over the last seven quarters owing to a prolonged funding winter.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>SE Asia Deals Barometer Report: Startup funding rebounds to five-month high of $878m in May By Mars W. Mosqueda Jr. June 12, 2024 Capital raised by startups based in Southeast Asia rebounded in May, mostly because of three big-ticket deals sealed in the month, even as the overall fundraising environment remains subdued compared with 2023 [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3914,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-parts\/elementor-sidebar-template.php","meta":{"footnotes":""},"deals-type":[],"class_list":["post-3934","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/3934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/comments?post=3934"}],"version-history":[{"count":8,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/3934\/revisions"}],"predecessor-version":[{"id":3946,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/pages\/3934\/revisions\/3946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media\/3914"}],"wp:attachment":[{"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/media?parent=3934"}],"wp:term":[{"taxonomy":"deals-type","embeddable":true,"href":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/wp-json\/wp\/v2\/deals-type?post=3934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}