Challenges remain even as VCs ride out a tough year
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
Mirxes records US$58.7 million operating losses and US$24.2 million revenue in lead up to HK listing
Neuralink says implant had issues after first human surgery
Carsome hits first Ebitda positive quarter in Q1 2024
Square Peg to raise another US$550 million fund in the second half of 2024
Perfume subscription service I’vre closes, amid police probe on unfulfilled orders and refunds
Indonesia agritech startup Elevarm bags US$2.6 million in seed round led by Insignia