Southeast Asia's startup fundraising lowest in over 5 years

Survey finds equity investment fell 41% on year in Q1 as funding winter persists

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An IT engineer works at startup incubator in Singapore. The city-state is traditionally Southeast Asia's startup market. (File photo by Akira Kodaka)

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Southeast Asian startup fundraising dropped to its lowest level in more than five years in January to March, according to a recent industry report, reflecting the prolonged funding slowdown in the region since the end of the COVID-19 pandemic, with little sign of recovery.

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