Editor’s notes: graphics, data & information provided by data platform Tracxn
The SEA Monthly Funding Tracker for July 2025 revealed a sharp pullback in startup investment activity across the region. Total funding in July 2025 fell to $68.0 million across 12 rounds, a 77.08 percent decrease from June 2025 ($296.7 million) and a 76.68 percent drop year‐on‐year compared to July 2024 ($291.6 million).
Early-Stage Rounds Dominate in July 2025
Early-stage funding formed the bulk of investments in July 2025, accounting for 92.1 percent of total funding. Seed‐stage rounds made up 7.9 percent while no late‐stage rounds were recorded in July 2025. This marks a significant shift in investor focus from late to early-stage startups compared to the previous month.
IPOs and Acquisitions Pick Up Momentum
July 2025 witnessed four acquisitions and two tech IPOs. This is in contrast to June 2025, which saw five acquisitions and no tech IPOs.
Top acquisitions in July 2025: BBP by Actis (on July 22), Honeyland by Bravo Ready (Jul 10), and Gordian Capital by IQ‐EQ (Jul 22). Two IPOs were Info Tech and A K Koh.
Top Funding Deals in July 2025
The largest deal was Respiree (Singapore) with a raise of $11.6 million, followed by Augmentus (Singapore) with $11 million, GAIB (Singapore) with $10M and AI Hay (Ho Chi Minh City, Vietnam) with $10 million raised.
City-Wise Trends
Singapore remained the top-funded city with $49.6 million, followed by Ho Chi Minh City with $10 million and Hanoi with $3 million. While Jakarta stood at 4th position with $2.5 million and Bangkok stood at 5th position with $1 million.
Key Investors and Types of Funding
Venture Capital (VC) Investors: We Venture Capital-backed Respiree (Singapore, 1 deal) with $11.6 million, Argor Capital Management funded AI Hay (Vietnam, 1 deal) with $10.0 million, and Peak XV Partners invested $8.5 million in SixSense (Singapore, 1 deal)
Incubators: Amazon Web Services invested $10 million in AI Hay (Vietnam, 1 deal), Entrepreneur First supported SixSense (Singapore, 1 deal) with $8.5 million, and Startup Creasphere backed Respiree (Singapore, 1 deal) with $11.6 million.
Key Takeaways from the Data
1. Funding in July saw a sharp decline compared to both the previous month and the same period last year, indicating a dip in investor sentiment.
2. Early‐stage dominance: With over 92 percent of capital going to early‐stage deals, late and seed rounds nearly disappeared.
3. Concentrated mega‐deals: Most capital funnelled into a handful of single deals, like the top rounds in Respiree, Augmentus, AI Hay and SixSense, indicating a selective, deal‐driven market.
4. Singapore’s Ecosystem Strengthens with Respiree, Augmentus and GAIB’s share of funding, and Singapore’s dominance in SEA startup funding continues to grow.
TNGlobal Tracker: Startup Funding Snapshot for June 2025 – Funding recovers slightly