Insurtech shines amidst overall funding decline in Indonesia in H1

Quick Summary:

Indonesia-based startups secured US$191 million in venture funding in the first half of 2024, a 64 per cent decline from US$526 million raised in the same period last year.

Fintech, insurtech and enterprise applications emerged as the top-performing sectors in H1 2024, indicating strategic growth areas within the industry.

East Ventures, AC Ventures, and Alpha JWC Ventures maintained their status as the top investors, while East Ventures, Insignia Ventures Partners, and Beenext emerged as the top investors specifically for H1 2024.

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Article Details

Author / Journalist: Sainul

Category: StartupsTechnology

Markets: SingaporeIndonesia

Topics: Peak XV Partners Insurtech Alpha JWC Ventures AyoPajak Vertex Ventures AC Ventures Lifepal Topindoku Insurtech DycodeX News Insignia Ventures Partners Startup funding Shunwei Capital Beenext East Ventures Investments

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 06:00:46 (2 days ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 1 lines

Sentence Length: 420 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 21621992

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