In the first half of 2024, Southeast Asia (SEA) tech companies raised USD1.6bn, a 65% drop from USD4.5bn in H1 2023, and 37% lower than H2 2023’s USD2.5bn, Tracxn reported. The region ranked ninth globally in tech startup funding. Late-stage funding plummeted 69% to USD421m, while early-stage investments fell 19% to USD946m. Seed-stage funding dropped 27% to USD234m. Notably, SEA tech startups raised USD477m in Q2 2024, an 85% decrease from Q2 2023. Major funding rounds included ANEXT Bank’s USD148m Series D and GuildFi’s USD140m Series A. No new unicorns emerged, but acquisition activity increased. Leading sectors were FinTech, HighTech, and Enterprise Applications, with Singapore, Jakarta, and Bangkok leading in funds raised.