VC funding growth strong in S-E Asia despite slowing global economy

Singapore

STARTUP activity in South-east Asia is at a "critical inflexion point", Golden Gate Ventures (GGV), a Singapore-based venture capital firm that invests in early-stage companies across the region, said on Tuesday.

In yet another vote of confidence for South-east Asia as the startup ecosystem to watch, GGV reported that some US$1.7 billion were invested in 473 deals over the last five months, and venture capital (VC) funding doubled year-on-year in the first quarter of 2016.

This was despite a slowing global economy, and volatility in emerging markets China and I…