Once a darling of investors, Southeast Asian tech startups have witnessed their coldest winter this year as late-stage funding dried up. Defined as Series C investment onwards, quarterly late-stage financing in the region has been in a downward spiral since 2022 in terms of both value and volume, with deal value touching a historic low, according to DealStreetAsia DATA VANTAGE’s SE Asia Deal Review: Q3 2024.
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