The Southeast Asia (SEA) market is primed and ready. In just the past six months, a great number of funding movements have been reported for the region’s tech industry.
In the first quarter of this year, there was a total of US$6 billion in funding, according to data from research firm PWC and Genesis Ventures.
The most recent prominent funding round was Singapore start-up Carro who had bagged US$360 million in funds from SoftBank and others. The funding allowed it the company to cross the US$1 billion mark, achieving it the ‘unicorn’ status.
If we were to refer to 2020’s statistics, deals activity in SEA continues to be led by Singapore, followed by Indonesia, Thailand, Vietnam, and the Philippines, said Golden Gate Ventures.
Deal activity by region in 2020 / Image Credit: Vulcan Post, Golden Gate Ventures“Exits generally refer to the investors (angel investors and venture capitalists) exiting their investment in the company. This has traditionally been achieved either through initial public offerings (IPOs) or trade sales,” explained Dr Jeffrey Chi, vice chairman, Asia, Vickers Venture Partners.
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