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Startups

ASEAN startup funding drops 2% in 2020 amid COVID turmoil

Fintech and logistics draw investments; 'edtech' to grow in 2021

A Gojek driver delivers food in Jakarta. (Photo by Dimas Ardian)

SINGAPORE -- Startup funding slowed down in Southeast Asia last year as the COVID-19 pandemic clouded the region's economic growth prospects and made investors more cautious.

According to data compiled by DealStreetAsia, a Singapore-based media company in the Nikkei group, Southeast Asian startups raised a total of $8.6 billion in 2020, down 2% from 2019.

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