Despite an unprecedented health crisis that spared no major economy, startups in Southeast Asia raised $8.6 billion across 622 deals in 2020.
The deal value was only a tad lower than the $8.76 billion raised in 2019 thanks to the top 20 deals. The 20 biggest deals amounted to over $5.7 billion, or 66% of overall dealmaking activity last year, as reported in DealStreetAsia’s SE Asia Deal Review: Q4 2020.
The largest fundraisers in 2020 were ride-hailing and payment decacorns Gojek and Grab, which raised at least $1.65 billion and $1.06 billion, respectively.
Top 20 fundraisings in SEA accounted for 66% of deal value
|Company||Headquarters||Vertical||Investment Stage||Deal value ($ million)
|Gojek||Indonesia||Ride-hailing, food delivery||Series F + Corp. Round||1,650|
|Grab||Singapore||Ride-hailing, food delivery||Series I||1,056|
|Princeton Digital Group||Singapore||Data centre||Private Equity||360|
|Tokopedia||Indonesia||e-commerce, e-marketplace||Series H||350|
|Ninja Van||Singapore||Logistics||Series D||279|
|Traveloka||Indonesia||Travel tech||Venture (series unknown)||250|
|PropertyGuru Group||Singapore||Proptech||Private Equity||220|
|Flash Express||Thailand||Logistics||Series D||200|
|RWDC Industries||Singapore||Deep tech, green tech||Series B||133|
|Tiki Corporation||Vietnam||e-commerce, e-marketplace||Private Equity||130|
|FAST Group||Philippines||Logistics||Private equity||125|
|Voyager Innovations||Philippines||Fintech, e-payment||Private equity||120|
|Line Man||Thailand||Logistics||Private equity||110|
|Kopi Kenangan||Indonesia||Food & Beverage||Series B||109|
|Sunseap||Singapore||Green tech||Series D||109|
|Biofourmis||Singapore||Health tech||Series C||100|
|LinkAja||Indonesia||Fintech, e-payment||Series B||100|
|Yoma Bank||Myanmar||Fintech, digital bank||Private equity||89|
|Source: DealStreetAsia data|
For more data on Southeast Asia’s fundraisings, please refer to our Research & Analytics report.