Startup funding in SEA declined 68% to US$129M in July: Tracxn

Quick Summary:

Tech startups in Southeast Asia raised US$129 million in July 2024, a significant 68.38 per cent decline from the previous month.The drop is 78.82 per cent from the same month last year.

Like the past several months, seed-stage rounds dominated venture capital investments in July this year, with 15 deals recorded, followed by early-stage (9) and late-stage (2) fundings.With US$21.4 million raised, Carsome reported the largest financing round in July, followed by Chainbase (US$15 million), Hive Health (US$6.5 million), and PEXX (US$4.5 million).

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Article Details

Author / Journalist: Sainul

Category: StartupsTechnology

Markets: Singapore

Topics: News Chainbase PEXX Startups Tracxn Hive Health Carsome Investments

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 04:32:15 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 107 words

Reading Time: 1 minutes read

Sentences: 1 lines

Sentence Length: 107 words per sentence (average)

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

Copyright Owner: © e27

News ID: 22025865

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