SE Asia's startups report robust Q1 fundraising performance despite global headwinds

SE Asia's startups report robust Q1 fundraising performance despite global headwinds

Jakarta, Indonesia. Photo by Agung Prasetyo, Unsplash.

Amid macroeconomic headwinds such as rising inflation, liquidity tightening and growing geopolitical risks, private investments in Southeast Asian companies remained relatively robust in the first quarter of this year.

Homegrown startups collected $4.19 billion in total equity funding in the quarter, according to DealStreetAsia – DATA VANTAGE‘s latest report. Although lower than the record performance in the previous quarter, the funding is 5.2% higher than the investments recorded in the same period last year.

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