Dealroom – South East Asia.Tech Update, 3Q 2024

In the third quarter of 2024, South East Asian startups secured $874 million in venture capital through 134 funding rounds. The distribution of investment across different stages ranged from pre-seed to mega rounds, with the majority falling in the series A to series C range. Although the total amount raised is behind recent years, the number of VC rounds exceeding $2 million remains high, with 231 such deals completed so far in 2024. Early-stage VC in the region is at levels similar to 2020, with no investments exceeding $100 million in Q3 2024. Fintech emerges as the most funded industry in South East Asia this year. Leading frontier tech segments attracting investment include Challenger Banks and Semiconductors.