Startup funding in Southeast Asia rose to $359 million in October 2024, a 194% increase from September, yet 42% lower than October 2023. Late-stage investments led with $171.5 million raised, while early-stage funding increased to $161 million. Singapore attracted the majority of investments, totaling $242.5 million. Exit activity was limited, with just one IPO and three acquisitions reported. Notable funding rounds included Emeritus with $150 million and Salmon with $30 million. Despite the month-over-month increase, the overall funding landscape reflects ongoing market challenges, highlighting a continued interest in early-stage opportunities.

Read the full article here