Southeast Asian startups raised US$197 million in funding across 29 rounds in October 2024, which is 61.5 per cent higher than last month but a steep 74 per cent decline from the same month the previous year, according to Tracxn.
In October this year, the region reported 13 seed-stage and early-stage funding rounds each, followed by three late-stage rounds.
Also Read: Filipino consumer fintech startup Salmon nets US$20M debt financing
Genesia Ventures and AC Ventures were the most active VCs.
Filipino consumer fintech startup Salmon topped the funding chart with US$30 million funding, followed by Broom (US$25 million), Chickin (US$20 million), and Sunbird Bio (US$14 million).
Check the infographic below for more insights:
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