Smaller funding rounds buck overall downtrend for Asean tech ecosystem

Singapore

CAPITAL inflows into South-east Asia's tech ecosystem has slowed down as expected amid the Covid-19 pandemic. But there was still optimism when it came to smaller funding rounds, a new report by Cento Ventures indicates.

The number of regional internet tech companies valued between US$100 million and US$500 million has also continued to increase, said the report by the Singapore-based venture firm, whose investments include fashion brand Pomelo and food and beverage player Grain.