In 2024, Southeast Asia’s venture capital (VC) landscape demonstrated a continued appetite for growth and resilience, attracting significant capital across diverse sectors despite global economic uncertainty. The region’s startups, particularly in fintech, cloud services, sustainability, and AI, have maintained strong investor interest.
The region’s unique mix of untapped markets, a young digital-native population, and supportive government policies have kept VC funding robust in 2024, positioning it as a prime hub for innovation.
Below is the list of 25 startups that raised the largest funding rounds in the current year so far:
Ascend Money
A financial services platform for individuals
Headquarters: Thailand
Founding year: 2013
Funding raised in 2024: US$195 million
Stage: Series D
Key investors: MUFG and Krungsri Finnovate
Total funding raised since inception: US$34 million.
Supabase
A cloud-based open-source application backend development platform
Headquarters: Singapore
Founding year: 2020
Funding raised in 2024: US$82.7 million
Stage: Series C
Key investors: Peak XV Partners, Craft Ventures, Avracapital, Coatue, Felicis Ventures, and Y Combinator
Total funding raised since inception: US$199 million.
Amity Corporation
A platform-as-a-service for enterprise-grade AI applications and AI agents
Headquarters: Thailand
Founding year: 2012
Funding raised in 2024: US$60 million
Stage: Series C
Key investors: Insight Capital, SMDV, and Gobi Partners
Total funding raised since inception: US$60 million.
Also Read: Who’s still investing? The 2024 power players in Southeast Asia’s venture capital
NIUM
A provider of cross-border money transfer solutions for businesses
Headquarters: Singapore
Founding year: 2014
Funding raised in 2024:US$50 million
Stage: Series E
Key investors: NewView Capital and Tribe Capital
Total funding raised since inception: US$312 million.
Qoala
A diversified internet-first insurance platform for individuals
Headquarters: Indonesia
Founding year: 2017
Funding raised in 2024: US$47 million
Stage: Series C
Key investors: PayPal Ventures, MassMutual Ventures, MUFG Innovation Partners, Flourish, Eurazeo, AppWorks, Ohana Holdings, and Omidyar Network
Total funding raised since inception: US$134.5 million.
k ID
An online compliance engine that processes for parents and game creators to protect kids and teens privacy and safety
Headquarters: Singapore
Founding year: 2023
Funding raised in 2024: US$45 million
Stage: Series A
Key investors: a16z, Lightspeed Venture Partners, Konvoy Ventures, Okta, Z Venture Capital, and TIRTA
Total funding raised since inception: US$51 million.
Peak3
A provider of cloud-based insurance platform
Headquarters: Singapore
Founding year: 2018
Funding raised in 2024: US$35 million
Stage: Series A
Key investors: Alpha JWC Ventures and EQT
Total funding raised since inception: US$35 million.
Finture
A credit card providing POS instalment payment solutions for consumers
Headquarters: Indonesia
Founding year: 2021
Funding raised in 2024: US$30 million
Stage: Series B
Key investors: Mindworks Capital, XVC, Antao Capital, SWC, and Richen Pioneer
Total funding raised since inception: US$50 million.
AwanTunai
A provider of supply chain digitisation by ERP systems with embedded financing
Headquarters: Indonesia
Founding year: 2017
Funding raised in 2024: US$27.5 million
Stage: Series B
Key investors: Norfund, MUFG Innovation Partners, and Finnfund
Total funding raised since inception: US$55.8 million.
Syfe
An app-based platform for trading in ETFs and stocks
Headquarters: Singapore
Founding year: 2017
Funding raised in 2024: US$27 million
Stage: Series B
Key investors: Valar Ventures and Unbound
Total funding raised since inception: US$85.6 million.
Also Read: AI gold rush: How OpenAI’s Singapore expansion could reshape the startup ecosystem
Salmon
A developer of a platform offering business and consumer loans
Headquarters: The Philippines
Founding year: 2022
Funding raised in 2024: US$25 million
Stage: Series A
Key investors: IFC and Northstar Group
Total funding raised since inception: US$55 million.
Broom
An online P2P marketplace for used cars
Headquarters: Indonesia
Founding year: 2021
Funding raised in 2024: US$25 million
Stage: Series A
Key investors: Openspace Ventures, AC Ventures, Quona, MUFG, and PKSHA Technology
Total funding raised since inception: US$50 million.
Xcelerate
A platform offering integrated GRc management solutions
Headquarters: Singapore
Founding year: 2021
Funding raised in 2024: US$25 million
Stage: Series B
Key investors: Federated Hermes, Altair Capital, and Exacta Capital Partners
Total funding raised since inception: US$36 million.
Oobit
A trading platform for cryptocurrencies
Headquarters: Singapore
Founding year: 2017
Funding raised in 2024: US$25 million
Stage: Series A
Key investors: Titan, 468 Capital, and Tether
Total funding raised since inception: US$25 million.
UnaBiz
A connectivity system for IoT applications
Headquarters: Singapore
Founding year: 2016
Funding raised in 2024: US$25 million
Stage: Series B
Key investors: KDDI and Kanade
Total funding raised since inception: US$85 million.
Capria
A provider of an online platform for payday loans
Headquarters: Indonesia
Founding year: 2019
Funding raised in 2024: US$23 million
Stage: Series A
Key investor: Wagely
Total funding raised since inception: US$37 million.
Honest
An online lending platform offering personal credit cards
Headquarters: Indonesia
Founding year: 2019
Funding raised in 2024: US$21.5 million
Stage: Series B
Key investors: Rakuten and Jetha Global
Total funding raised since inception: US$61.2 million.
Carsome
An app-based C2B marketplace for used cars
Headquarters: Indonesia
Founding year: 2015
Funding raised in 2024: US$21.4 million
Stage: Series E
Key investor: AmBank Group
Total funding raised since inception: U$S80.8 million.
Morph
A consumer-centric blockchain platform
Headquarters: Singapore
Founding year: 2023
Funding raised in 2024: US$19 million
Stage: Seed
Key investors: DRAGONFLY, Pantera Capital, Foresight Ventures, Spartan Group, Symbolic Capital, Publicworks, MH Ventures, and Every Realm
Total funding raised since inception: US$20.3 million.
Also Read: Soonicorns on the horizon: Unveiling Southeast Asia’s future leaders
Mystiko
A blockchain-based network for Web3 connectivity
Headquarters: Singapore
Founding year: 2021
Funding raised in 2024: US$18 million
Stage: Seed
Key investors: Peak XV Partners, Samsung NEXT, HashKey, CoinList, Tribe Capital, Morningstar Ventures, Mirana, and Signum Capital
Total funding raised since inception: US$18 million.
Biobot Surgical
A developer of surgical automation devices
Headquarters: Singapore
Founding year: 2010
Funding raised in 2024: US$17.9 million
Stage: Series B
Key investor: ZIG Ventures
Total funding raised since inception: US$17.9 million.
Amartha
A microfinance P2P lending platform
Headquarters: Indonesia
Founding year: 2010
Funding raised in 2024: US$17.5 million
Stage: Series C
Key investors: Accion, Maj Invest, and Womens World Banking
Total funding raised since inception: US$53 million.
Qapita
A cap table and equity management software for businesses
Headquarters: Singapore
Founding year: 2019
Funding raised in 2024: US$17.2 million
Stage: Series A
Key investors: East Ventures, MassMutual Ventures, Cercano Management, Nyca Partners,
Citi, Endiya Partners, and Analog Partners
Total funding raised since inception: US$39 million.
Osome
A provider of accounting services for small and medium-sized businesses
Headquarters: Singapore
Founding year: 2017
Funding raised in 2024: US$17 million
Stage: Series B
Key investors: Constructor Capital and Altair
Total funding raised since inception: US$75 million.
FlyORO
It offers fuel technology solutions for the aviation industry
Headquarters: Singapore
Founding year: 2021
Funding raised in 2024: US$16 million
Stage: Seed
Key investors: Audacy Ventures and Investible
Total funding raised since inception: US$16 million.
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