Southeast Asian startups raised a total of $2.8 billion in the first quarter of 2026, a surge of 146 percent compared to $1.1 billion raised in the fourth quarter of 2025, and a jump of 110 percent compared to $1.3 billion raised in the first quarter of 2025, Tracxn said Wednesday.

Seed Stage saw a total funding of $105 million in the first quarter of 2026, a drop of 30 percent compared to $149 million raised in the fourth quarter of 2025, and a rise of 39 percent compared to $75.3 million raised in the first quarter of 2025, the firm said in a statement.

Meanwhile, early stage saw a total funding of $487 million in the first quarter of 2026, a rise of 40 percent compared to $349 million raised in the fourth quarter of 2025, and a jump of 111 percent compared to $231 million raised in the first quarter of 2025.

Late Stage witnessed a total funding of $2.2 billion in the first quarter of 2026, a surge of 243 percent compared to $650 million raised in the fourth quarter of 2025, and a rise of 115 percent compared to $1 billion raised in the first quarter of 2025.

Enterprise applications, enterprise infrastructure, and FinTech were the top-performing sectors in the first quarter of 2026.

Enterprise Applications sector saw a total funding of $2.4 billion in the first quarter of 2026, which is an increase of 288 percent when compared to $611 million raised in the fourth quarter of 2025 and an increase of 74 percent when compared to $1.4 billion raised in the first quarter of 2025.

Enterprise infrastructure sector saw a total funding of $2.2 billion in the first quarter of 2026 which is a soar of 1368 percent when compared to $153 million raised in the fourth quarter of 2025 and a surge of 1130 percent when compared to $182 million raised in the first quarter of 2025.

FinTech sector saw a total funding of $192 million in the first quarter of 2026 which is a decrease of 69 percent when compared to $613 million raised in the fourth quarter of 2025 and a plunge of 93 percent when compared to $2.6 billion raised in the first quarter of 2025.

The first quarter of 2026 has witnessed five $100 million+ funding rounds when compared to two such rounds in the fourth quarter of 2025 and three such rounds in the first quarter of 2025.

Companies like DayOne, EPG, Amity Solutions have managed to raise funds above $100 million in this period.

DayOne has raised a total of $2 billion in a Series C round; EPG has raised a total of $200 million through two Series B rounds; Amity Solutions has raised a total of $100 million in a Series D round.

A major part of these $100 million+ funding rounds are from enterprise infrastructure, enterprise applications, and FinTech.

Meanwhile, Southeast Asia tech sector recorded three initial public offerings (IPOs) in the first quarter of 2026, same as the fourth quarter of 2025, and no IPO in the first quarter of 2025.

BIM, The Assembly Place and Toku are the companies that went public in the first quarter of 2026.

Tech companies in Southeast Asia saw 13 acquisitions in the first quarter of 2026, which is a drop of 7 percent as compared to 14 acquisitions in the fourth quarter of 2025 and a drop of 38 percent compared to 21 acquisitions in the first quarter of 2025.

ST Telemedia Global Data Centers was acquired by KKR, Singtel at a price of $6.6 billion.

This became the highest valued acquisition in the first quarter of 2026, followed by the acquisition of Finergic acquired by HCL Technologies at a price of $14.7 million.

Singapore based tech firms accounted for 93 percent of all funding seen by tech companies across Southeast Asia. Bangkok came next, with 4 percent of the total funding.

500 Global, Antler and Iterative were the top seed stage investors in the Southeast Asia tech ecosystem for the first quarter of 2026.

Vertex Ventures, SEEDS Capital and Gobi Partners were the top early stage investors in the SEA Tech ecosystem for the first quarter of 2026.

Asia Partners and EDBI were the top late stage investors in the Southeast Asia Tech ecosystem for the first quarter of 2026.

The Southeast Asia tech ecosystem recorded strong growth in the first quarter of 2026, with total funding increasing compared to both the previous quarter and the same period last year.

Enterprise applications, enterprise infrastructure, and FinTech emerged as the top-performing sectors during the quarter.

Early-stage and late-stage funding saw notable increases, with late-stage investments contributing the largest share.

The quarter also witnessed multiple $100 million+ funding rounds, along with steady IPO activity, highlighting continued momentum across the ecosystem.

Southeast Asia FinTech startups funding falls 39 percent on year in first nine months – Tracxn