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Business trends

Southeast Asia VC funds on track to raise over $4.2bn

Data on more than 35 funds hints at high investor confidence in region's startups

SINGAPORE -- More than 35 venture capital funds with a complete or partial focus on Southeast Asia are currently in the market to raise over $4.2 billion, VC announcements and DealStreetAsia data show.

While not all these funds are expected to hold a final close this year and most are targeting investments in multiple markets, the fundraising spree does indicate high investor confidence in Southeast Asia's growth prospects and its startup ecosystem.

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