Southeast Asian startups raised US$353 million in venture funding from 42 rounds in February 2024, reveals Tracxn findings.
This figure is 43.65 per cent higher than the total capital raised by startups in the region in January this year and nearly 44% lower than the money raised in February 2023.
Seed funding rounds (27) formed the bulk of the deals in February, followed by early-stage (12) and late-stage ones.
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Singapore-incorporated SaaS company Capillary Technologies raised the largest capital of US$95 million. Singauto, a new energy-intelligent refrigerated vehicle maker, raised the second largest funding round (US$45 million), UNO Digital Bank (US$32.1 million), Xcellerate (US$25 million), and Oobit (US$25 million).
See the infographic for more details:
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