Down but not out

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Hello reader,

Looking at the list of startups that have raised funds this week has me feeling a little sad.

None of the top five deals featured in this newsletter come from Southeast Asia. In fact, it seems like the region’s startups haven’t raised much funds this week, with only a handful on the full list.

There’s no denying that Southeast Asia’s tech scene is going through a lot. Startup funding dropped for the third consecutive year in 2024, and recent events – such as the eFishery scandal and political uncertainty – have left us in some rocky waters.

Still, we have to just keep building and chugging along – I have faith that if we continue to build great products that solve real problems, we’ll be alright.

You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals and M&As that recently took place.

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The biggest deals by country

🇮🇳 Apna Mart, a quick commerce startup in India, has raised US$25 million in a series A funding round. Investors in the round include 2am VC, Accel Partners, Alteria Capital, Disruptors Capital, Fundamentum, and Peak XV Partners.

🇮🇱 Brevel is an Israel-based foodtech startup. It raised US$5 million in seed money from NevaTeam Partners, EIC Fund, and Siddhi Capital.

🇦🇺 Reask, an AI-powered climate risk platform from Australia, has raised US$4 million in an early-stage round from BlueOrchard.

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M&As

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Startups that are raising funds

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Behind the Glasswall

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Exclusive listicles

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