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Private funding in Southeast Asia grows 15% to US$7.7 billion, but remains well below 2021 peak
Southeast Asia startup funding edges up to US$7.7 bn, still far below its 2021 peak amid concentrated late-stage deals.
On 11 November 2025, a report by Google LLC, Temasek Holdings and Bain & Company found that private-capital investments into Southeast Asia’s internet economy rose 15% to US$7.7 billion in the 12 months to June 2025-yet remained about 70% below the 2021 record of US$27 billion.AI-startups attracted roughly one-third of that total, but seed to Series B rounds shrank as capital concentrated on later-stage deals. The findings signal both resilience and structural caution in the region’s tech-investment landscape.