South-east Asia tech deals total US$6b in H1; more unicorns likely to emerge soon: VC firm

Although the majority of capital will likely continue to flow into a few familiar names, there is also a growing crop of other late-stage companies raising larger rounds, valuing them above US$100 million. These include regional firms Ninja Van and Fave, Singapore's Taiger and Carousell, and Indonesia's RupiahPlus.

Small deals - below US$500,000 - saw a spike in the first half, after staying largely flat in 2016-2018. This surge in early-stage activity was partly boosted by deals done by new accelerators and incubators, such as Antler, SKALA and Accelerating Asia. Investments into Vietnam made up 17 per cent of the region's total inflows in the first half, a jump from 5 per cent in 2018. This comes as the country produces more late-stage firms such as Tiki, VNPay and Vntrip.

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S-E Asia tech deals total US$6b in H1; more unicorns may emerge soon: reportSOUTH-EAST Asia saw a record number of technology-related deals as well as increasing geography and sector diversification in such investments during the first half of 2019, according to a report by venture capital (VC) firm Cento Ventures on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »