Tech startups in Southeast Asia raised a total of US$142 million in venture funding across 25 rounds in August 2024, a 9 per cent rise over the previous month.
However, on a yearly basis, the funding dropped 39 per cent.
Seed funding rounds (13) formed the bulk of the deals in August 2024, followed by early-stage (11) and late-stage (1) rounds.
Also Read: Healthtech, edutech dominated SEA’s funding scene in past 5 years: Tracxn
Syfe reported the largest fundraising with US$27 million. The other major deals were TransTRACK (US$12 million); First Circle (US$8.6 million); Aevice Health, Aprisium, and SleekFlow (US$7 million each); Dimuto (US$5.9 million); and Growsari (US$5 million).
Cocoon Capital and SEEDS Capital were the most active investors in August.
See the infographic below for details:
The Southeast Asia funding snapshot
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Data courtesy: Tracxn.
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