{"id":4055,"date":"2024-08-19T04:15:27","date_gmt":"2024-08-19T04:15:27","guid":{"rendered":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/?page_id=4055"},"modified":"2024-08-19T07:47:06","modified_gmt":"2024-08-19T07:47:06","slug":"report-se-asia-july-2024","status":"publish","type":"page","link":"https:\/\/www.dealstreetasia.com\/dealsbarometer\/report-se-asia-july-2024\/","title":{"rendered":"SE Asia Deals Barometer: Startup fundraising falls 17% MoM in July"},"content":{"rendered":"\t\t
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SE Asia Deals Barometer Report: Startup fundraising falls 17% MoM in July<\/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
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August 13, 2024<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Startup fundraising remained subdued in Southeast Asia in July due to the absence of large-ticket deals.<\/p>

    At $504 million, the value of funding deals in the region last month was down 17% from June, according to proprietary data compiled by DealStreetAsia. There were 53 deals in the month, compared with June’s 46 transactions.<\/p>

    The absence of megadeals\u2014funding rounds worth $100 million or more\u2014suppressed the total capital raised in July despite the increase in deal volume. In June, startups had secured about $601 million<\/a> in funding, supported by three megadeals.<\/p>

    On a year-over-year basis, the funding decline was even more pronounced, falling by about 64% from July 2023, when startups secured approximately $1.4 billion from 62 equity transactions, DealStreetAsia’s compilation showed.<\/p>

    The funding transactions collated in July included venture capital deals, private equity investments, and a corporate funding round. Thirteen transactions did not disclose their funding size. Debt deals have not been included since we have limited visibility into Southeast Asian startups\u2019 debt financing rounds.<\/span><\/p>

    Last month, the average deal size, based on transactions with disclosed funding amount, stood at $12.6 million, lower than the $22 million in the previous month.<\/p>

    Equity funding in each of the first seven months of 2024 has fallen significantly short of the psychologically important $1 billion mark (see chart below)<\/em>.<\/p>