Southeast Asia is a region in Southeast Asia.
Indonesia
Singapore\sMalaysia
Vietnam\sThailand
Philippines
Myanmar
India
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Southeast Asia’s entrepreneurs raised $5.7 billion in Q2 in Manila, Philippines, thanks to pandemic tailwinds. Unsplash photo by Carmela Asistio
Andi Haswidi contributed to this article.
16th of July, 2021
Southeast Asia’s entrepreneurs raised at least $5.7 billion in new funding in the April-June quarter, more than double the amount raised in Q2 2020, as investors rushed to capitalize on pandemic tailwinds.
According to the latest research from DealStreetAsia – DATA VANTAGE, investment in the first two quarters of this year has already surpassed the total sums raised by the region’s startups in all of 2020.
Deal volume in the second quarter of this year climbed to new highs, according to SE Asia Deal Review: Q2 2021, with 231 deals, up from 211 in the first quarter.
Trax ($620 million), VinCommerce ($410 million), and The CrownX ($400 million) were the top three fundraisers in Q2.
With $2.85 billion in capital, Singapore was the most popular market in the quarter. During the same period, Indonesian startups raised $1.48 billion, headed by Bukalapak’s $400 million round.
The Philippines increased its transaction count from six in the first quarter to fourteen in the second. Its startups raised a total of $227 million, anchored by a $167 million round from Voyager Innovations.
Market share of deal value
SE Asia Deal Review: Q2 2021 (source)
Risks abound, but optimism reigns supreme.
Indonesia, the Philippines, and Malaysia, all large economies in Southeast Asia, are still in the grip of the pandemic, with rising cases and poor vaccination rates. New outbreaks and tougher restrictions may have a negative impact on startup performance and investor confidence.
Fund managers and entrepreneurs, on the other hand, have had time to adjust to this new normal and are now better prepared to deal with the pandemic’s aftermath than they were a year ago.
Rapid digitization in the aftermath of the epidemic is also assisting in the emergence of a more varied group of firms, contributing to the region’s startup ecosystem’s attractiveness.
“We are increasingly seeing more diversity of opportunities, which is excellent, with more SaaS, data analytics, cybersecurity, deep tech firms, and so on,” said Ryan Collins, managing director of MassMutual Ventures Southeast Asia.
The IPO-bound unicorns of Southeast Asia are also causing a stir among global investors.
“I don’t know if it’s because of the unicorns/IPOs or because of the region’s broader opportunity set, but there has been a lot more interest from global funds in fintech specifically,” Collins said.
DealStreetAsia – DATA VANTAGE customers have unique access to our latest research, SE Asia Deal Review: Q2 2021.
To gain access to our database of thousands of Singapore-registered firms, as well as our whole set of reports and DealStreetAsia’s unique stories and interviews, subscribe/upgrade now. Still undecided? For only $299, you may get a one-month trial.
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