For the last five quarters, two investors have stood out in Southeast Asia for the number of deals they participated in.
Singapore-based Golden Gate Ventures, which focusses on companies building out consumer internet products and services for Southeast Asia, has participated in sixteen funding rounds since April last year, according to researcher Tracxn.
Such rounds were worth about $38 million, mostly in seed and Series A rounds, in startups like Indonesian med-tech startup Alodokter, payments gateway Xfers, digital commerce facilitator Ayannah Information Solutions, fintech startup Lenddo, utilities mobile app ServisHero and Perx, an app to measure customer engagement.
California, US-based Wavemaker Partners comes a close second, with 15 deals. It has invested in companies such as Singapore-based communication app developer Wavecell, business analytics tool maker Einsights, 3D pen maker CreoPop, Arcstone and Kaligo.
In third place is Cyberagent Ventures, which participated in 12 deals, including Thailand-based job hunting app Getlinks, Indonesian industrial e-commerce site Ralali and Thai social media aggregator Stylhunt.
As is typical in the region, most rounds are at the seed and Series A levels. Late-stage funding is relatively rare, except for China.
The rest of the investors who make up the top 15 are as below:
Shanghai-based Gobi Partners‘ participation in $15 million round in Indonesia e-commerce startup Orami and $8 million in restaurant listing site Qraved were among the highest among Southeast Asian investors.
In terms of size of funding rounds in which the region’s VCs led or participated, Intres Capital-led $12 million round for Malaysian fitness platform KFit, and Ardent Capital‘s participation in a $12 million for Indonesian grocery delivery startup Happyfresh rank highest.
In terms of total investment size, EDBI’s $82 million round in investment tech firm M Daq ranks highest. However EDBI — the dedicated corporate investment arm of the Singapore Economic Development Board — is not a venture capital firm.
For purposes of this report, investments by accelerators and incubators have been excluded.