Q2 saw SE Asia's startups record sharper drop in deal volume than first COVID-19 lockdowns

After five quarters of extended growth, the total volume of venture capital funding in Southeast Asia finally fell in the second quarter of this year as macroeconomic indicators turned sour and investors shifted their focus from growth to profitability.

While the stance of the fund managers had been predicted since the start of the year due to factors such as the tech stock crash, inflationary pressures, global monetary tightening and rising geopolitical tensions, we are only now beginning to see it get reflected in fundraising performance.

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