Editor’s notes: graphics, data & information provided by data platform Tracxn
The SEA Monthly Funding Tracker for November 2025 recorded a strong surge in investor interest, with total funding rising to $328.0 million across 21 rounds. This marks a 21.91 percent increase month-on-month (October 2025: $269.1 million) and a 204.25 percent jump year-on-year (November 2024: $107.8 million), signaling a sharp rebound in regional capital deployment.
Stage-Wise Funding Trends
Early-stage funding dominated November 2025, accounting for 49.8 percent of total capital raised.
Late-stage funding contributed 44.2 percent while seed-stage rounds made up the remaining 6.0 percent.
IPOs and Acquisitions
November 2025 saw four acquisitions and no tech IPOs, indicating steady but selective exit activity.
Acquisitions:
● Casa Mia Coliving by Cove – Nov 21
● Fingertip.com by Linktr.ee – Nov 13
● Bandai Namco by Nintendo – Nov 27
Top Funding Deals in November 2025
The biggest deal of the month was Amperesand (Singapore) with $80 million, followed by:
● Roojai (Bangkok, Thailand) – $60 million
● Video Rebirth (Singapore) – $50 million
● Olares (Singapore) – $45 million
● Moladin (Jakarta, Indonesia) – $35 million
● Paywatch (Kuala Lumpur, Malaysia) – $20 million
● Transcelestial (Singapore) – $9.7 million
● LightSpeed Photonics (Singapore) – $6.5 million
● FeedMe (Petaling Jaya, Malaysia) – $5 million
● OneLot (Makati, Philippines) – $3.3 million
City-Wise Trends
Singapore maintained its leadership position with $204.7 million raised. Other active cities included:
● Bangkok – $60 million
● Jakarta – $35 million
● Kuala Lumpur – $20 million
● Petaling Jaya – $5 million
Key Investors and Types of Funding
Venture Capital Funds
● Asia Partners → Roojai – $60 milion (Bangkok)
● SMBC Asia Rising Fund → Wiz AI (Singapore)
● Walden Catalyst → Amperesand – $80 million (Singapore)
Private Equity Funds
● Apis Partners → Roojai – $60 million (Bangkok)
● Temasek → Amperesand – $80 million (Singapore)
Incubators
● 500 Global (2 deals) – Transcelestial – $9.7 million (Singapore) and LightSpeed Photonics – $6.5 million (Singapore)
● Sunway Innovations Labs – Paywatch – $20 million (Kuala Lumpur)
● Google for Startups – FeedMe – $5 million (Petaling Jaya)
Key Takeaways from the Data
1. Strong rebound in capital flow: With 204 percent year-on-year growth and a steady month-on-month rise, November saw one of the year’s strongest funding spikes.
2. Early-stage rounds continue leading: Nearly half of all funding went to early stage startups.
3. Acquisitions stay active: Four notable acquisitions marked a healthy exit environment, despite the absence of IPOs.
4. Singapore strengthens dominance: Contributing over 62% of total monthly capital, Singapore remains the region’s core funding hub.
