Southeast Asian venture capital firms recorded 22 final closes in 2021, nearly double the previous year’s tally, on the back of a recovery in risk appetites of limited partners and an improving exit outlook.
While the number remains below pre-pandemic levels, it is a clear sign that the overall fundraising landscape is improving, notes the latest report from DealStreetAsia – DATA VANTAGE.
A pick-up in fundraising in the third and fourth quarters saw local VCs achieve 50 fundraising milestones throughout 2021, a big jump from just 27 in 2020 and higher than 44 in 2019. By milestones, the report refers to capital raised within a specific timeframe, excluding money secured previously within a fund’s lifetime.
