Investors remain cautious even as tap for startup funding flows again
Add BT as a preferred source
INVESTORS are not wildly writing cheques even as the South-east Asia startup ecosystem’s funding dry spell eases slightly.
Late-stage venture capital (VC) investors are still extremely cautious, said Dmitry Levit, partner at VC firm Cento Ventures. Nine out of 10 series B and C investors he has spoken to are extremely cautious compared to last year.
Some late-stage investors who were previously gung-ho about the situation last year are now saying that they aren’t interested in anything currently. Early-stage investors are divided between those who are not so active and those who are now in expansion mode, such as Cento, which has trebled its investment team.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Banyan Group heir Ho Ren Yung: ‘Better to be useful than happy’
