Startups in Southeast Asia raised at least $5.3 billion in August, the highest so far in 2022, on the back of nine megadeals that collectively accounted for $4.4 billion of the total. (Megadeals are those valued at at least $100 million.)
While the number of deals in August was only the year’s third highest at 121, the megadeals ensured fundraising rose by 178% from July’s $1.9 billion, proprietary data compiled by DealStreetAsia showed. Monthly dealmaking value has never surpassed $2 billion since the start of this year.