Charticle: SE Asia's Software & IT startups raised $99m in Q1—all of it by blockchain firms

Charticle: SE Asia's Software & IT startups raised $99m in Q1—all of it by blockchain firms

Photo: Hitesh Choudhary/Unsplash

Demand for startups in Southeast Asia’s Software & IT vertical soared in the first quarter of 2024 but the interest was fuelled entirely by blockchain startups. Q1 2024 was the first quarter in the last four years when non-blockchain startups couldn’t clinch a single deal from private equity (PE) or venture capital (VC) investors.

Edited by: Pramod Mathew

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter