Indonesia leads startup frontier markets in global VC deals since 2012

Indonesian currency Rupiah on hold by a cashier. Photo: Reuters

Indonesia has accounted for the most venture capital (VC) deals among emerging startup markets since 2012, outpacing rivals such as Poland, Austria, Malaysia, Turkey, and Taiwan, a CB Insights report revealed.

In the report, Indonesia is ranked the first in a category called “startup frontier markets”. The category counts over 50 countries, which are defined as “hotspots of rising venture capital activity that are the most outside of places where mainstream VC is concentrated, but show at least some measurable disclosed VC activity.”

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter