Fintech and logistics were among the major targets for investors pouring money into Southeast Asian startups in 2021. (Source photos by AP and Reuters)

'Gold rush': ASEAN startup fundraising more than doubled in 2021

Fintech and logistics lead growth as region mints 25 new unicorns

KENTARO IWAMOTO, Nikkei staff writer

January 31, 2022 06:00 JST

SINGAPORE -- Southeast Asian startups raised a record $25.7 billion in funding last year, more than double the previous year as cash-rich global investors seek to tap the region's potential amid digitalization driven by the COVID-19 pandemic.