Startups in Southeast Asia raised $1.05 billion from 73 transactions in May, the first time that fundraising in the region surpassed the $1-billion mark this year, show proprietary data compiled by DealStreetAsia.
On a month-on-month basis, fundraising in May was up by about 40% from the $751 million that startups in the region raised in April. The amount raised in May, however, was still 31% lower than the fundraising in the same month last year (see chart below).