Dealmaking in Southeast Asia dropped by almost 30% month-on-month in May to $1.42 billion — the lowest so far in 2022 — due to a scarcity of megadeals, proprietary data compiled by DealStreetAsia show.
There were only 82 venture capital and private equity deals last month, which was also the lowest deal volume in January-May 2022. Only two megadeals — investments worth at least $100 million — were recorded in the month, which raised a combined $400 million. There were twelve deals where the amount raised was not disclosed.