However, during this period, Southeast Asia also ushered in two financing transactions with a single scale of more than 100 million US dollars. Text: Go to sea
Author: Li Penghui
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According to a report released by Traxcn a few days ago, during the first half of '24, Southeast Asian tech startups raised only $1.6 billion in funding, a sharp drop of 65% compared with $4.5 billion in the same period last year. At the same time, the report also pointed out that the figure also showed a 37% decline compared to the total of $2.5 billion in the second half of last year.
Based on the total amount raised in the first half of the year, Traxcn highlighted in the report that on a global scale, Southeast Asia ranked ninth in terms of technology start-up fundraising.
Specifically, at the level of financing rounds, during the first half of the year, the latter stages of financing in the technology sector in Southeast Asia fell the most, from US$3 billion in the same period of '23 to US$421 million, a decrease of 86%. At the same time, the decline in the period also reached 69%, compared to $1.3 billion in the second half of last year.
In the early stage, the financing performance of science and technology enterprises was relatively better. In the first half of this year, related startups in Southeast Asia raised a total of $946 million, down "only" 19% from $1.2 billion in 1H23 and up 8% from $878 million in 2H23.
On the other hand, in terms of the seed stage, companies in this stage attracted $234 million in financing in the first half of '24, down 42% from $407 million in the same period last year, and down 27% from $323 million in the previous period (second half of '23).
However, it is worth mentioning that during this period, Southeast Asia also ushered in two single financing rounds of more than $100 million - ANEXT Bank's $148 million Series D financing (led by Ant Group) and GuildFi's $140 million Series A financing.
In addition, during this period, there was also a certain increase in acquisition activity in the field of science and technology in Southeast Asia, involving a total of 36 companies. This compares with 30 in the first half of last year and 42 in the second half of last year.
According to the report, during the first half of this year, no new unicorns were born in Southeast Asia, compared to one in the same period last year. In terms of IPOs, the number of IPOs in the region also fell to three from seven in the first and fourth half of last year.
At the sector level, the better performing sectors in the first half of 24 were fintech, high-tech and enterprise applications. Among them, fintech companies attracted $851 million in funding, down 20% from $1.07 billion in the first half of '23; Financing in the high-tech sector was US$476 million, up 47% from US$323 million in the same period last year. Financing for enterprise applications fell by 49% from $775 million in 1H23 to $393 million in 1H24 (based on aggregate calculations, there may be some overlap between the three industries).
Turning to the geographical level, in the first half of this year, Singapore's tech start-ups raised the most in Southeast Asia, followed by Jakarta and Bangkok – US$1.1 billion, US$185 million and US$150 million respectively.
最后，在投资机构层面。 根据报告,East Ventures、500 Global和Wavemaker Partners为24年上半年东南亚科技生态系统的前三大整体投资者。 在种子期、早期、后期阶段,这三位分别为Antler、500 Global Ventures、East Ventures,SEEDS Capital、淡马锡、Seventure Partners,以及MUFG Innovation Partners、NewView Capital、Avataar Ventures。
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