Southeast Asian startups sealed a mere 116 equity funding deals in the final quarter of 2024—the lowest quarterly deal volume in over six years—raising a modest $1.2 billion. This weak performance capped a tough year for the region, closing 2024 at a new historic low. The worst hit market: Indonesia.
However, as equity funding waned, a notable trend emerged—a surge in debt financing. Read the report for the details
