Faced with an unprecedented healthcare crisis that caused market dislocation around the world, Southeast Asia’s startups put up a resilient front in 2020. Fundraising by privately-held companies in the region during the year stood at $8.6 billion, according to DealStreetAsia – Research & Analytics’s latest report.
According to SE Asia Deal Review: Q4 2020, the total capital raised by Southeast Asia-based startups in 2020 was nearly 2% lower than the 2019 tally of $8.76 billion. That decline can largely be attributed to corrections in company valuations and fewer mega deals inked during the pandemic season.
