Southeast Asian startups raised a record $25.7 billion in funding last year, more than double the previous year as cash-rich global investors seek to tap the region’s potential amid digitalization driven by the Covid-19 pandemic, Nikkei reported.
With private equity and venture capital firms looking for investment opportunities to deploy capital they raised over the past year, experts say the Southeast Asian “gold rush” will continue in 2022, stoking momentum in the region’s startup ecosystem. But a recent tech sell-off in public markets globally highlights a changing environment, potentially affecting the valuation of growth-driven startups.
Read the full report: Nikkei
ALSO READ:
