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Business trends

Southeast Asia's seed investors bulk up for 'mega' fundraising

Veteran venture capital firms scale up investment to keep pace with capital-hungry startups

Tokopedia CEO William Tanuwijaya (Photo by Wataru Suzuki)

TOKYO -- Southeast Asia is seeing a rush of fundraising by local startups driven by "megarounds" worth more than $100 million, a trend that is pushing the region's veteran venture capital firms to deploy more firepower.

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