Q4 2024 Image: Harbour Square,Manila,Philippines.Aeron Oracion January 2025 South East Asianstartups raised$4.4B in VC in2024. Investment totals aredown significantlyfrom the highs ofalmost $23B in 2021. In Q4, South EastAsian startupsraised $1B,across 102funding rounds. Early-stage VC in SouthEast Asia has slowed alittle in 2024. Megarounds of $100M+have becoming moremore scarce in SEA. Breakout-stage VC hasbeen fairly flat apartfrom outliers 2021/22. Fintech wasthe most fundedIndustry inSouth East Asiain 2024. Leading frontiertech segmentsinto South EastAsian startups in2024 includeChallengerBanks andSemiconductors. Singapore isSouth East Asiaʼsbiggest techecosystem byVC investment. The Philippines is thefastest growing in 2024. Singapore,Manila andJakarta are theleading city hubsfor venturecapital inSouth East Asiain 2024. Manila is South EastAsiaʼs fastest-growinghub. For more, visitdealroom.co/guides Create a free account on dealroom.cofor more intelligence on startups andecosystems.