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Report: Southeast Asian tech startups raised $8.2B in 2020, down 3.5% YoY, compared to a 31% drop in India and 38% in Africa; Indonesia drew 70% of the capital (Yoolim Lee/Bloomberg)


Yoolim Lee / Bloomberg:

Report: Southeast Asian tech startups raised $8.2B in 2020, down 3.5% YoY, compared to a 31% drop in India and 38% in Africa; Indonesia drew 70% of the capital  —  – Fundraising remained at 2019 levels even as pandemic raged  — Indonesian startups drew 70% of region’s investments last year


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