Reports

The State of Deep Tech in SE Asia 2025

Capital raised by deep tech startups fell 34% YoY in 2024, but their share of overall funding rose.

Sequentially, startup fundraising increased only marginally in Q1, even as deal volume was up 12.3%....

The deal value plunged 49% to $9.6 billion from the previous quarter....

Deal volume fell by 43% and deal value slumped 46% YoY....

Only four SE Asia-focused PE funds secured final closes in 2024....

Female-led startups made up just 5.2% of the deal volume in SE Asia in 2024....

Funds raised by female (co-)founded startups rose 30% YoY in 2024....

Fundraising by VC firms based in SE Asia hit a four-year low in 2024....

The deal volume also grew 16.8% from the previous quarter to 576....

Indian startups garnered $4.16b from private market investors in Q4 2024, a whopping 41% jump year-o...