Southeast Asia’s venture funding saw a historic low in Q4 2024, with only 116 equity rounds raising $1.2 billion, marking a 10.3% decline in deal volume and a 41.7% drop in total value year-on-year. Notably, the Philippines thrived with a 38% increase in deal volume, while Indonesia faced a significant downturn. Despite challenges, debt financing surged, with 54 deals totaling $1.85 billion, a 150% increase. Fintech led funding, with $1.68 billion secured, while sectors like green tech and AI/ML saw growth. Investors remain cautious due to high interest rates and declining valuations, with an eye on sustainability initiatives.