Funding woes to continue in H1 2023, but LPs still bullish on SE Asia

Funding woes to continue in H1 2023, but LPs still bullish on SE Asia

2022 was a tough year for tech entrepreneurs and venture capitalists alike, as fundraising became difficult amid rising inflation, macroeconomic challenges, and geopolitical uncertainties. With fears of a global recession looming large, 2023 is not going to be a smooth ride either, general partners at some prominent Southeast Asian VC firms told DealStreetAsia.