By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Tech Winter Hits Southeast Asia: Funding Plummets to $2.84B
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
StartupsVC

Tech Winter Hits Southeast Asia: Funding Plummets to $2.84B

Nicole Kristine Jovero
Last updated: December 24, 2024 1:00 am
Nicole Kristine Jovero
Share
1 Min Read
SHARE
  • Tech funding in Southeast Asia hit rock bottom
  • Singapore dominates regional investments
  • Government initiatives spark future optimism

Contents
Money’s Getting ShySingapore Stays StrongSilver Linings Ahead

Money’s Getting Shy

Southeast Asia’s tech scene faced a brutal reality check in 2024, recording its lowest funding in five years. The region’s startups pulled in just $2.84 billion – a stark 59% nosedive from 2023’s $7 billion haul. Late-stage investments took the hardest hit, tumbling nearly 77% to $948 million.

Singapore Stays Strong

Despite the funding freeze, Singapore maintained its crown, securing 67% of all regional investments.

The city-state’s tech startups bagged $1.9 billion, leaving Jakarta and Bangkok trailing behind at $276 million and $261 million respectively.

Silver Linings Ahead

The region’s FinTech sector proved resilient, leading the pack by raising $1.4 billion. Government initiatives showed promise too – Singapore pumped $328.5 million into deep-tech innovation, Malaysia unveiled ambitious startup hub plans, and Vietnam pushed for nationwide 5G coverage by 203

TAGGED:div3

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article Perplexity Secures $9B Valuation Through Massive $500M Investment
Next Article Interview with Yee Yun Lim, Founder of Aye (AI-as-a-Service for Retailers)

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

Startups

Dyson Shocks Singapore Employees with Unexpected Layoffs

October 4, 2024
MobilityStartups

Joe Escobedo on How Grab’s Tailored Marketing Conquered Southeast Asia

February 12, 2024
Crypto & Web3VC

Malaysian Tech Unicorn Fusionex Shuts Down Amid Controversy

February 12, 2024
VC

Genesis Alternative Ventures Secures $125M for Southeast Asian Tech Startups

September 16, 2024
ClimateStartups

eFishery Shuffles the Deck as CFO Exits

May 6, 2024
StartupsTravel

MENA Travel Startup Tumodo Bags $35M for Expansion

February 12, 2024
EdutechStartups

Indonesian Edtech Startup Pintar Raises $3 Million to Upskill Workers

February 12, 2024
StartupsVC

Seed Fund FEBE Ventures Raises $75M for Second Fund

February 12, 2024
Startups

The AI Dev Sizer That Gets You Shipping on Time

October 27, 2024
AIStartups

Y Combinator Issues Call for Startups in AI, Climate Tech, Spatial Computing

February 19, 2024
ClimateVC

Clime Capital Launches $127 Million Southeast Asia Clean Energy Fund

February 17, 2024
StrategyVC

Jesse Pujji Reveals How Henry Schuck Bootstrapped ZoomInfo Into a Billion-Dollar Company

February 27, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?