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SEA’s venture capital shifts from mega-rounds to AI and SaaS

Southeast Asia’s startup funding story is no longer being written by consumer super-apps or e-commerce land grabs. According to Tracxn data covering equity venture funding across eight major technology verticals from 2020 to July 9, 2026, Southeast Asian tech startups raised US$58.79 billion across 3,637 rounds over the period.

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