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Challenges remain even as VCs ride out a tough year
Published Sun, Dec 24, 2023 · 02:00 PM
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IT HAS been a rough year for venture capitalists (VCs) in South-east Asia. It has been tough to raise funds, and tough to find good deals.
As at October 2023, 578 deals had been signed for a total of US$6.7 billion. This was down from US$14.3 billion across 1,139 deals in 2022, according to a report by private-markets data tracker Preqin.
Exits in the region fell to US$1 billion across 44 transactions, down from US$4.1 billion across 76 transactions in 2022.
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