Startups in Southeast Asia sealed 151 deals in the third quarter of this year, down 27% from the previous three months, marking the lowest quarterly deal volume in nearly three years. While the total funding value for the third quarter fell only 2% sequentially, the figure was heavily skewed by Alibaba’s $845 million investment in Lazada.
With a decline in early-stage investments, fintech funding reaching new lows, and proceeds in the first nine months of the year plunging below 2020 levels, has the market hit rock bottom? Read our latest report to find out.
