Tracxn: Southeast Asia’s tech funding drops 59 pct on year to...

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2024-12-18 11:47:50

Tracxn: Southeast Asia’s tech funding drops 59 pct on year to $2.84B in 2024

Southeast Asia (SEA) faces a challenging year in 2024, with tech funding plunging 59 percent year on year to $2.84 billion, according to Tracxn‘s latest report. The startup data platform said in a statement on Wednesday that SEA tech marked by a significant contraction in funding in 2024, amid a weak global economy. It noted the region’s tech ecosystem experienced a steep decline...

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