SEA startup funding rebounds month-on-month but faces yearly decline

Quick Summary:

Southeast Asian startups raised US$197 million in funding across 29 rounds in October 2024, which is 61.5 per cent higher than last month but a steep 74 per cent decline from the same month the previous year, according to Tracxn.

Genesia Ventures and AC Ventures were the most active VCs.

In October this year, the region reported 13 seed-stage and early-stage funding rounds each, followed by three late-stage rounds.

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Article Details

Author / Journalist: Sainul

Category: StartupsTechnology

Markets: Singapore

Topics: Salmon Chickin Investments Genesia Ventures Sundbird Bio AC Ventures News Broom

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 06:17:21 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 111 words

Reading Time: 1 minutes read

Sentences: 1 lines

Sentence Length: 111 words per sentence (average)

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

Copyright Owner: © e27

News ID: 23442969

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Main Topics: StartupsTechnology

Official Website: e27.co

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