It’s raining VC investments in SE Asia this year as funding surpasses 2017

Photo by Nick Fewings on Unsplash

Funding by venture capital (VC) firms in Southeast Asian start-ups has risen to a record so far this year, surpassing the total investments made in 2017, industry data showed.

Venture capital investments jumped to $3.16 billion over the first eight months of this year, up 16 percent from $2.72 billion for all of last year, the Singapore Venture Capital and Private Equity Association said on Monday.

“The environment has become much more vibrant with a number of players pouring money into the sector,” Thomas Lanyi, chairman of the association, told a news conference.

Technology startups are sprouting up across Southeast Asia – home to about 640 million people – as companies seek to offer a range of services including ride-hailing, online payments and e-commerce, with consumers rapidly coming online.

Southeast Asia’s internet economy is estimated to exceed $200 billion by 2025 from an estimated $50 billion in 2017, according to a Google-Temasek report published in December.

Companies have attracted investment from local VCs such as Golden Gate Ventures and Vertex Ventures, along with global technology giants including Alibaba, Tencent Holdings Ltd, Alphabet Inc’s Google and Japan’s SoftBank Group Corp.

“Gradually, the lines are blurring between venture capital and private equity,” said Lanyi, who highlighted the growing size of investments.

Education, technology and healthcare sectors have been attracting huge investment from VC and private equity funds.

Singapore-headquartered Grab and Indonesia’s Go-Jek have raised billions of dollars in funding as they transform into regional consumer technology groups, after starting out as ride-hailing firms, while e-commerce companies have also mopped up huge amounts in the last few years.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.