Fundraising by VC firms based in Southeast Asia hit a four-year low in 2024. Fourteen regional funds secured a final close last year, compared with 32 in 2023. The capital raised by VC funds that closed in 2024 stood at $2.15 billion, down from $6.77 billion in the previous year.
Meanwhile, foreign VCs funds with full or partial mandates in Southeast Asia closed nine funds, raising $2.93 billion, closely aligning with the previous year’s figures. However, fundraising levels remain a far cry from the peak years of 2022 and 2021.
This report offers data and insights on:
- Fundraising by SE Asian VC firms.
- Final and interim closes by ESG funds and debut VC funds.
- List of VC funds currently in the market raising capital.
- Fundraising by global funds with an allocation to SE Asia.
