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Funding for startups in Southeast Asia has declined for the third consecutive year in 2024, with a total of $4.56 billion raised, representing a 42% decrease year-over-year. This amount is only one-fifth of the peak funding level reached in 2021. The number of deals also fell by 10% year-over-year, totaling 633 deals. In the fintech sector, funding continues to decline but at a slower pace, as reported by TechCrunch. Additionally, funding for gaming startups saw a notable drop in the fourth quarter of 2024, according to Konvoy via GamesBeat.
Southeast Asia's startup funding in 2024 dropped for the third consecutive year, falling to a fifth of the peak it recorded in 2021. https://t.co/XQho72hlea https://t.co/ZOUkmg8hzM
Indian fintech Jar turns cash flow positive: https://t.co/ELTEH26viF by TechCrunch #infosec #cybersecurity #technology #news
DealStreetAsia: Southeast Asian startups raised $4.56B in 2024, down 42% YoY and falling to a fifth of a 2021 peak, as the number of deals fell 10% YoY to 633 (@tsubasa_nikkei / Nikkei Asia) https://t.co/NlZRdPSad2 https://t.co/AuJQtfrCbi https://t.co/ZOzeer2dpR