Tracxn : SEA tech startups witness lowest quarterly funding in five years

Southeast Asia (SEA) funding has seen a big drop of 74 percent in quarter-on-quarter in the third quarter, making it the lowest funded quarter in the last five years, said Tracxn on Thursday. the SEA tech startup ecosystem raised a total of $835 million in the third quarter, a huge 74 percent drop from $3.2 billion raised in the second quarter of 2023 and a 66 percent decline from $2.5 billion in the third quarter of 2022.