Southeast Asia's VCs close five funds in Q1, another 55 continue to amass dry powder

Southeast Asia's VCs close five funds in Q1, another 55 continue to amass dry powder

An aerial view of Lau Pa Sat, Singapore. Photo by Fahrul Azmi on Unsplash

Southeast Asia-based venture capital firms held a final close for five funds in the first quarter of this year, raising $694 million in total proceeds. The number of funds closed was the highest in a quarter since the COVID-19 pandemic hit the region at the start of 2020, shows DealStreetAsia’s latest report.

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