[ad_1]
The Indonesian startup sector witnessed a 36 per cent funding decline in Q1 2024 (until March 15, 2024), reveals a Tracxn report. Startups within the archipelago raised US$91.7 million this quarter in comparison with US$143 million in Q1 2023 and US$440 million in This fall 2023.
Additionally Learn: Sharp decline in late-stage offers hits Q1 funding in SEA: Report
In Q1 2024, late-stage investments noticed essentially the most important drop (99 per cent), which stood at US$5.2 million in Q1 2024 v/s US$381 million in This fall 2023 and US$25.3 million in Q1 2023.
However, early-stage funding grew 26 per cent to US$74 million in Q1 2024 from $58.9 million in This fall 2023. Nonetheless, early-stage investments dropped 30 per cent from Q1 final 12 months.
Seed-stage funding additionally grew 7 per cent to US$12.5 million in Q1 2024 from US$11.7 million raised in Q1 2023.
There have been no seed-stage rounds recorded in This fall 2023.
Fintech (US$55 million), enterprise functions (US$28.8 million, and actual property & development tech (US$15 million) had been the highest-performing sectors.
By way of exits, solely two acquisitions befell in Q1 2024; Topindoku went public in the course of the quarter.
Additionally Learn: Startup investments in Vietnam see 39% drop in Q1: Report
East Ventures, AC Ventures, and Alpha JWC Ventures are essentially the most lively traders in Indonesia. Antler, BRI Ventures and 500 World had been the highest traders in seed-stage rounds in Q1 2024, whereas Peak XV Companions, Shunwei Capital, and Openspace Ventures had been essentially the most lively traders in early-stage rounds.
—
X marks Echelon. Be a part of us at Singapore EXPO on Could 15-16 for the tenth version of Asia’s main tech and startup convention. Get pleasure from 2 days of constructing connections with potential traders, companions, and clients, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets right here.
Need extra out of your Echelon expertise? Be an Echelon X sponsor or exhibitor. Ship enquiry right here.
The put up Late-stage investments in Indonesia plummet to US$5.2M in Q1 appeared first on e27.
[ad_2]
Source link
