Southeast Asian tech startups face funding slump in November

Quick Summary:

Southeast Asia’s tech startup ecosystem witnessed a significant downturn in funding during November 2024, raising concerns about investor confidence in the region.

According to data from Tracxn, startups in the region secured a total of US$84.2 million across 20 funding rounds in November.

Despite the overall slump, some venture capital firms remain active in the region.

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Article Details

Author / Journalist: Sainul

Category: StartupsTechnology

Markets: Singapore

Topics: Portcast Cycle Network StakeStone Skystar Capital Skyland Ventures Wavemaker Partners Kopital Ventures Investments Tracxn Startups News Dat Bike Pi-xcels

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 08:18:16 (1 days ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 224 words

Reading Time: 2 minutes read

Sentences: 1 lines

Sentence Length: 224 words per sentence (average)

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

Copyright Owner: © e27

News ID: 24114343

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About e27

Main Topics: StartupsTechnology

Official Website: e27.co

Update Frequency: 1 posts per day

Year Established: 2006

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #10

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