SE Asia Deal Review: As mega deals become scarce, startup funding falls 44% in Feb

SE Asia Deal Review: As mega deals become scarce, startup funding falls 44% in Feb

Singapore. Photo by Dan Freeman on Unsplash

Startup fundraising in Southeast Asia continued to move south in 2023 as total funding in February plunged to $409 million, down 44% from January’s $727 million, according to proprietary data compiled by DealStreetAsia.

There were 55 funding deals in February, down from January’s 58 transactions. The deals included venture capital, private equity, debt financing, and corporate rounds.

Edited by: Pramod Mathew

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