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OUTLOOK 2024

Challenges remain even as VCs ride out a tough year

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Daphne Yow

Daphne Yow

Published Sun, Dec 24, 2023 · 02:00 PM
    • In the year to October 2023, exits in South-east Asia have fallen to US$1 billion across 44 transactions, down from US$4.1 billion across 76 transactions in 2022.
    • In the year to October 2023, exits in South-east Asia have fallen to US$1 billion across 44 transactions, down from US$4.1 billion across 76 transactions in 2022. PHOTO: LIM YAOHUI, ST

    IT HAS been a rough year for venture capitalists (VCs) in South-east Asia. It has been tough to raise funds, and tough to find good deals.

    As at October 2023, 578 deals had been signed for a total of US$6.7 billion. This was down from US$14.3 billion across 1,139 deals in 2022, according to a report by private-markets data tracker Preqin.

    Exits in the region fell to US$1 billion across 44 transactions, down from US$4.1 billion across 76 transactions in 2022.

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