Dealroom – SEA VC-Report, Q2 2024

In Q2 2024, South East Asian startups raised $1.3B in venture capital across 163 funding rounds. Despite the amount raised tracking behind recent years, the number of deals remains high, with 167 rounds of $2M+ being raised by startups in 2024, more than in 2019 or 2020. Early-stage VC investment in South East Asia is consistent with pre-2021 levels, while late-stage investment grew quarter on quarter. However, breakout-stage VC had a quiet quarter in Q2 2024. The most funded sector in South East Asia in H1 2024 was fintech.