The first quarter of 2025 saw a notable increase in venture investment, marking the strongest performance since the second quarter of 2022. Funding rose by 17% quarter over quarter, reaching $112 billion, compared to $96 billion in the fourth quarter of 2024. However, despite this growth in venture capital, global VC transactions experienced a 32% year-over-year decline, the lowest level since 2019. This downturn has affected Asia's share in AI funding, which has now fallen below 10%. The evolving landscape of startup funding in China and Southeast Asia is also highlighted, with new investors and significant funding rounds emerging, alongside a report on the tech ecosystem in Southeast Asia and insights into the most active investors in the region.