<article><p>Startups in Southeast Asia raised at least $5.3 billion in August, the highest so far in 2022, on the back of nine megadeals that collectively accounted for $4.4 billion of the total. (Megadeals are those valued at at least $100 million.)</p></article>

<p>Startups in Southeast Asia raised at least $5.3 billion in August, the highest so far in 2022, on the back of nine megadeals that collectively accounted for $4.4 billion of the total. (Megadeals are those valued at at least $100 million.)</p>
<p>While the number of deals in August was only the year&#8217;s third highest at 121, the megadeals ensured fundraising rose by 178% from July&#8217;s $1.9 billion, proprietary data compiled by DealStreetAsia showed. Monthly dealmaking value has never surpassed $2 billion since the start of this year.</p>
<p>Startups in Southeast Asia have collectively completed 819 transactions that secured at least $17.15 billion in the first eight months of 2022.</p>
<p>Last month&#8217;s deals include venture capital, private equity, corporate round, debt, and crowdfunding.</p>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-307232" src="https://media.dealstreetasia.com/uploads/2022/09/Deal-Value.jpg?resize=640,390" alt="Deal Value 2022" srcset="https://media.dealstreetasia.com/uploads/2022/09/Deal-Value.jpg?w=1130 1130w, https://media.dealstreetasia.com/uploads/2022/09/Deal-Value.jpg?resize=300,183 300w, https://media.dealstreetasia.com/uploads/2022/09/Deal-Value.jpg?resize=1024,623 1024w, https://media.dealstreetasia.com/uploads/2022/09/Deal-Value.jpg?resize=768,468 768w" sizes="(max-width: 1130px) 100vw, 1130px" data-recalc-dims="1" /></p>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-307233" src="https://media.dealstreetasia.com/uploads/2022/09/Deal-Volume.jpg?resize=640,391" alt="Deal Volume 2022" srcset="https://media.dealstreetasia.com/uploads/2022/09/Deal-Volume.jpg?w=1120 1120w, https://media.dealstreetasia.com/uploads/2022/09/Deal-Volume.jpg?resize=300,183 300w, https://media.dealstreetasia.com/uploads/2022/09/Deal-Volume.jpg?resize=1024,625 1024w, https://media.dealstreetasia.com/uploads/2022/09/Deal-Volume.jpg?resize=768,469 768w" sizes="(max-width: 1120px) 100vw, 1120px" data-recalc-dims="1" /></p>
<h3>Megadeals scale new 2022 peak</h3>
<p>The biggest among the deals in August was the nearly $2 billion debt financing in Olam Food Ingredients (OFI), a wholly-owned subsidiary of Singapore-listed commodity trader Olam Group.</p>
<p>Among the other megadeals was the $912.5 million that the Lazada Group raised from Chinese internet giant Alibaba, which is also its parent company.</p>
<p>In Indonesia, conglomerate Sinar Mas Group and Lazada invested $554 million in local digital wallet company Espay Debit Indonesia Koe, popularly known as DANA.</p>
<p>Singapore-based environment services company 800 Super&#8217;s acquisition by a consortium comprising Keppel Asia Infrastructure Fund and Keppel Infrastructure for about $218 million also helped boost August&#8217;s deals figure.</p>
<p>The other top grossers of the month included greentech firm Maxeon Solar, which raised $200 million in a post-IPO debt round from TCL Zhonghuan. Singapore-based Fullerton Health also scored $181.7 million while fintech firm Funding Societies raised $160.2 million, both in debt financing deals.</p>
<p>Vietnam also saw a megadeal in August when Japan&#8217;s biggest power generator JERA paid $112 million to acquire a 35.1% stake in Vietnamese renewable energy company Gai Lai Electricity JSC (GEC).</p>
<p>Completing the megadeals table last month was Atome Financial&#8217;s $100 million debt facility from HSBC Singapore. Atome provides flexible payment options to consumers.</p>
<h3 style="text-align: center;"><strong>The nine megadeals of August 2022</strong></h3>
<p style="text-align: center;"><p class='my-2' style='text-align: right !important'><a href='#' class='tablepress-expand-button btn btn-sm btn-primary'>Expand Table</a></p>
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<caption style="caption-side:bottom;text-align:left;border:none;background:none;margin:0;padding:0;"><a href="https://www.dealstreetasia.com/wp-admin/admin.php?page=tablepress&#038;action=edit&#038;table_id=1592" rel="nofollow">Edit</a></caption>
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<tr class="row-1 odd">
	<th class="column-1">Company</th><th class="column-2">Headquarters</th><th class="column-3">Amount Raised</th><th class="column-4">Funding Type</th><th class="column-5">Lead Investor/s</th><th class="column-6">Vertical</th>
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	<td class="column-1">Olam Food Ingredients</td><td class="column-2">Singapore</td><td class="column-3">$1,975,000,000</td><td class="column-4">Debt Financing</td><td class="column-5"></td><td class="column-6">Food</td>
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<tr class="row-3 odd">
	<td class="column-1">Lazada Group</td><td class="column-2">Singapore</td><td class="column-3">$912,500,000</td><td class="column-4">Corporate Round</td><td class="column-5">Alibaba Group</td><td class="column-6">E-commerce</td>
</tr>
<tr class="row-4 even">
	<td class="column-1">DANA Wallet Indonesia</td><td class="column-2">Indonesia</td><td class="column-3">$554,500,000</td><td class="column-4">Secondary Market</td><td class="column-5">Lazada Group, Sinar Mas Group</td><td class="column-6">Fintech</td>
</tr>
<tr class="row-5 odd">
	<td class="column-1">800 Super Holdings</td><td class="column-2">Singapore</td><td class="column-3">$218,122,069</td><td class="column-4">Private Equity</td><td class="column-5">Keppel Asia Infrastructure Fund</td><td class="column-6">Environmental services</td>
</tr>
<tr class="row-6 even">
	<td class="column-1">Maxeon Solar Technologies</td><td class="column-2">Singapore</td><td class="column-3">$200,000,000</td><td class="column-4">Post-IPO Debt</td><td class="column-5">TCL Zhonghuan</td><td class="column-6">Greentech</td>
</tr>
<tr class="row-7 odd">
	<td class="column-1">Fullerton Healthcare Corporation</td><td class="column-2">Singapore</td><td class="column-3">$181,763,322</td><td class="column-4">Debt Financing</td><td class="column-5"></td><td class="column-6">Healthcare</td>
</tr>
<tr class="row-8 even">
	<td class="column-1">Funding Societies</td><td class="column-2">Singapore</td><td class="column-3">$160,263,090</td><td class="column-4">Debt Financing</td><td class="column-5">HSBC Bank Singapore</td><td class="column-6">Fintech</td>
</tr>
<tr class="row-9 odd">
	<td class="column-1">Gia Lai Electricity</td><td class="column-2">Vietnam</td><td class="column-3">$111,701,973</td><td class="column-4">Private Equity</td><td class="column-5">JERA</td><td class="column-6">Renewable energy</td>
</tr>
<tr class="row-10 even">
	<td class="column-1">Atome</td><td class="column-2">Singapore</td><td class="column-3">$100,000,000</td><td class="column-4">Debt Financing</td><td class="column-5">HSBC Bank Singapore</td><td class="column-6">Fintech</td>
</tr>
</tbody>
</table>
</p>
<h3>Singapore tops in deal volume and value</h3>
<p>Investors continued to favour private companies in Singapore, a trend seen since the start of this year, according to DealStreetAsia&#8217;s data. In August, startups in the city-state were involved in 68 transactions worth over $4.4 billion, accounting for nearly 80% of the total deal value in the month.</p>
<p>Singapore also accounted for seven of the nine megadeals of August. In July, 39 startups based in the city-state amassed about $1.1 billion in total, accounting for about 58% of the region&#8217;s combined investments.</p>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-307234" src="https://media.dealstreetasia.com/uploads/2022/09/By-Country.jpg?resize=640,389" alt="Deal Value by Country August" srcset="https://media.dealstreetasia.com/uploads/2022/09/By-Country.jpg?w=1146 1146w, https://media.dealstreetasia.com/uploads/2022/09/By-Country.jpg?resize=300,182 300w, https://media.dealstreetasia.com/uploads/2022/09/By-Country.jpg?resize=1024,622 1024w, https://media.dealstreetasia.com/uploads/2022/09/By-Country.jpg?resize=768,466 768w" sizes="(max-width: 1146px) 100vw, 1146px" data-recalc-dims="1" /></p>
<p>Though far behind Singapore, Indonesia came in second with 21 deals that raised $718.5 million. The largest deal in the archipelago last month was DANA&#8217;s $554 million funding from Sinar Mas and Lazada.</p>
<p>Vietnamese startups raised $140.5 million in August from at least 10 transactions, while the Philippines saw 11 deals that secured $125.3 million.</p>
<p>Malaysia&#8217;s six transactions secured $64 million in funding while Thailand and Cambodia saw a combined five deals that raised at least $8.3 million in total.</p>
<h3>Fintech tops in deal count</h3>
<p>Fintech once again led in terms of deal count with the completion of 22 deals that secured over $1 billion in investments. Healthtech startups completed 12 deals, SaaS startups and consumer products firms sealed eight deals each, while food tech saw seven transactions last month.</p>
<p>The majority of investments in August went to sectors including renewable energy, blockchain, edtech, sofware and IT, Saas, agritech, advertising, and more.</p>
<p>Ecommerce, which joined fintech in topping the leaderboard during the onset of the pandemic, only saw four deals that raised a combined $940,000 million in August.</p>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-307235" src="https://media.dealstreetasia.com/uploads/2022/09/Sectors.jpg?resize=640,391" alt="Top Sectors August 2022" srcset="https://media.dealstreetasia.com/uploads/2022/09/Sectors.jpg?w=1128 1128w, https://media.dealstreetasia.com/uploads/2022/09/Sectors.jpg?resize=300,184 300w, https://media.dealstreetasia.com/uploads/2022/09/Sectors.jpg?resize=1024,626 1024w, https://media.dealstreetasia.com/uploads/2022/09/Sectors.jpg?resize=768,470 768w" sizes="(max-width: 1128px) 100vw, 1128px" data-recalc-dims="1" /></p>
<h3>Investors favour seed, Series A stages</h3>
<p>DealStreetAsia’s compilation showed that early-stage fundings continued to dominate the region&#8217;s dealmaking activities in August in terms of deal volume, with seed taking the lead at 35 deals, up from July&#8217;s 26 seed rounds.</p>
<p>The largest seed funding deal was Singapore-based MBD Financials&#8217; $10-million funding from global investment group LDA Capital to build accessible and equity financial services in the Metaverse.</p>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-307236" src="https://media.dealstreetasia.com/uploads/2022/09/Rounds.jpg?resize=640,410" alt="Top Funding Rounds August 2022" srcset="https://media.dealstreetasia.com/uploads/2022/09/Rounds.jpg?w=1084 1084w, https://media.dealstreetasia.com/uploads/2022/09/Rounds.jpg?resize=300,192 300w, https://media.dealstreetasia.com/uploads/2022/09/Rounds.jpg?resize=1024,656 1024w, https://media.dealstreetasia.com/uploads/2022/09/Rounds.jpg?resize=768,492 768w" sizes="(max-width: 1084px) 100vw, 1084px" data-recalc-dims="1" /></p>
<p>Series A rounds also soared in August, with 20 deals — up from the previous month&#8217;s 13 transactions.</p>
<p>Singapore e-commerce group Graas raised over $40 million in August to lead the Series A rounds. The company is looking to launch a growth-as-a-service solution involving predictive AI to detect trends and offer recommendations for brands.</p>
<p>During the month, there were also 15 pre-seed rounds, 9 pre-Series A, 3 Series B, 1 each for Series C and D, 9 unknown series, 3 private equities, 6 corporate rounds, 5 debt financing, and 4 post-IPO deals, among others.</p>


Startups in SE Asia raised at least $5.3b in August, a record high so far for this year, with nine megadeals raising $4.4b in total.

SE Asia Deal Review: At $5.3b, funding hits year's highest in Aug on the back of megadeals

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SE Asia Deal Review: At $5.3b, funding hits year's highest in Aug on the back of megadeals

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