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Hello reader,
If you’re an NBA or soccer fan, you’ll know that this is the time of year where we’re constantly on the lookout for the latest transfer and trade news and rumors. The Kevin Durant situation in the NBA doesn’t seem close to ending anytime soon. And the question remains: Will Frenkie de Jong move to Manchester United or not?
I’ve got my Twitter alerts all set up to hear from the most reliable sources as soon as the latest information drops. And today’s premium article does pretty much the same thing for funding activity in Southeast Asia.
Who are the new VC kids on the block? Who’s getting larger-than-average funding rounds? And what are the macro trends to take note of? We answer these and more.
Today we look at:
- A view of the latest players and trends in Southeast Asia’s funding landscape
- A Singapore-based game developer closes a US$10 million funding round
- Other newsy highlights such as 1337 Ventures’ 43rd accelerator program cohort opening for applications and seven executives from Ant Group leaving Alibaba
Premium summary
Where’s the money in Southeast Asian tech?
Image credit: Timmy Loen
About a month ago, I woke up feeling really lethargic after a poor night’s sleep, but my eyes popped open in excitement when I saw that the Dallas Mavericks had traded a bunch of hardly used bench players for Christian Wood.
Hopefully, today’s premium update on the latest funding movements in Southeast Asia has a similar effect on you.
- Overview: In the past year, 887 funding rounds have been raised in the region totalling US$28.8 billion, with general internet, ecommerce, and logistics and transportation getting the lion’s share of the deals.
- Outliers: There have been a few companies that have enjoyed larger-than-usual funding rounds. These include AnyMind Group (series D, US$29 million), KitaBeli (series B, US$20 million), and Pintarnya (seed round, US$8 million).
- Outstanding: The top three fastest-growing verticals in terms of funding rounds in the past three months – compared to a year ago – are fintech, gaming, and artificial intelligence.
Read more: Capital SEA: Southeast Asia’s funding landscape (updated 27 Jul 2022)
Startup spotlight
I’d be mighty too if I had US$10 million
Quick bytes
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