Technology startups in Southeast Asia ride out 2020, raising $8.2b

Photo by Kit Suman on Unsplash

Southeast Asian technology startups defied the pandemic and attracted a similar level of investments in 2020 as the year before, outperforming most other emerging markets.

The region’s tech upstarts raised $8.2 billion, down 3.5% from 2019, research from Cento Ventures showed. That compares with a 31% drop in India and 38% in Africa, according to the Singapore-based venture-capital firm.

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