Singapore now captures 78 per cent of SEA’s startup funding
Southeast Asia’s venture capital map fractured further in 2025. Singapore alone accounted for 78.1% of the region’s equity funding value (US$4.2 billion) and 61.4% of deal volume, according to a new DealStreetAsia-Kickstart Ventures report. The city-state’s share intensified in the second half of the year, with funding value jumping 147% and late-stage rounds such as Thunes’ US$150 […] The post…
Singapore captured 78.1% of Southeast Asia's venture capital funding in 2025, with a funding value of US$4.2 billion and 61.4% of the total deal volume, according to a report by DealStreetAsia-Kickstart Ventures. The city-state's share increased in the second half of the year, with funding value surging 147% and large rounds like Thunes' US$150 million Series D and Princeton Digital Group's US$1.3 billion raise reinforcing its dominance.
Vietnam, Indonesia, and Malaysia lagged behind, with funding values of US$360 million, US$340 million, and US$260 million respectively. Vietnam's H2 funding nearly halved to US$90 million, and the Philippines continued to struggle with late-stage capital. Only Thailand showed improvement, driven mainly by fintech activity. Experts attribute Singapore's funding advantage to the lack of exits in the region and the growing importance of governance as a competitive advantage.
The region's venture market remained stagnant in 2025, closing with 461 equity deals, the lowest annual count since 2018.
Written by urgent.news from e27's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
