Lively tech communities and accelerator programmes kept Indonesia’s early-stage startup space buzzing amid the global funding winter last year.
Even as the deal value in Southeast Asia plummeted 32% year on year in 2022, seed and Series A deals saw a 56% and 8% growth in median values, respectively, compared with a year earlier, according to DealStreetAsia’s SE Asia Deal Review: Q4 2022. On the contrary, there was a drop in the median value of Series B, C, and D rounds.