SE Asia Deal Review: Startup fundraising in Sept falls to the lowest so far this year

SE Asia Deal Review: Startup fundraising in Sept falls to the lowest so far this year

Merlion, Singapore. Photo by Jisun Han on Unsplash.

Fundraising by Southeast Asian startups plunged to its lowest so far this year at $1.27 billion in September, with just two deals in the month valued north of $100 million, show proprietary data compiled by DealStreetAsia.

The deal value in September was 76% lower than the $5.32 billion raised in August, a clear sign of investor caution amid macroeconomic volatility.

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