Robust second quarter for Southeast Asian startups but speed bump ahead

Robust second quarter for Southeast Asian startups but speed bump ahead

Hands cup a model globe showing the eastern hemisphere. Photo by Getty Images Pro via DealStreetAsia.

Southeast Asia’s startups raised at least $2.8 billion in the second quarter of this year, only slightly lower than the $2.9 billion in the previous quarter, shows DealStreetAsia Research and Analytics’s latest report.

According to Southeast Asia Deal Review: Q2 2020, the quarter saw at least 184 deals, up 26 per cent over Q1, and 63 per cent over the second quarter of last year.

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