SE Asia Deal Review: Startup funding at four-month high of $2b in April

Commercial buildings in the central business district are illuminated at dusk in Singapore. Photographer: Brent Lewin/Bloomberg

Venture capital (VC) and private equity (PE) funding in Southeast Asia rebounded in April, with startups raising nearly $2 billion during the month, the highest so far this year, proprietary data compiled by DealStreetAsia show.

While there were only 94 deals registered in April, compared with 123 in March, the total amount raised stood at $1.99 billion. This does not include the 17 deals where fundraising value was undisclosed. The deals also involved corporate rounds, convertible notes, and debt financing, the data showed.

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