SEA-focused funds witness weaker fundraising in Q2 amid pandemic curbs

SEA-focused funds witness weaker fundraising in Q2 amid pandemic curbs

Asia shown on a glass globe. Photo: Getty Images via DealStreetAsia

Five Southeast Asia-focused funds secured a final close in the second quarter of this year, raising a total of $1.1 billion. While the total is three times higher than the previous quarter, DealStreetAsia’s latest research and analytics report shows that VC fundraising weakened during the quarter as a result of pandemic-induced national lockdowns.

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