Geo Semi Annual Report SEA Tech H1 2025 (Tracxn)
SaveSummary
- A total of $2.0B was raised in H1 2025, a drop of 24% compared to $2.6B in H2 2024 and an increase of 7% compared to $1.8B in H1 2024.p.4
- Seed funding was $87M, Early Stage $464M and Late Stage $1.4B, an increase of 140% compared to $583M in H2 2024.p.4
- Digital Edge raised $640M in a Series D, Supabase $200M in a Series D and Thunes $150M in a Series D.p.5
- FinTech funding was $775M, an increase of 31% compared to $593M in H2 2024 and a drop of 26% compared to $1.0B in H1 2024.p.6
- Tech companies in the SEA region saw 28 acquisitions in H1 2025, down from 38 in H2 2024 and 37 in H1 2024.p.6
- Dropsuite was acquired by NinjaOne at a price of $270M, the highest valued acquisition in H1 2025.p.7
- Singapore-based tech firms accounted for 92% of all funding seen by tech companies across the SEA region.p.7
Key insights
- Enterprise Infrastructure funding was $859M in H1 2025, a decrease of 35% compared to $1.3B raised in H2 2024.p.5
- Enterprise Applications funding was $545M, a decrease of 66% compared to $1.6B raised in H2 2024.p.6
- SEA accounted for 1% of global funding of $165B in H1 2025.p.10
- H1 2025 saw 7 IPOs versus 5, with an average IPO market cap of $270M versus $61.6M.p.26
- The average acquisition price rose to $87.4M from $34.5M in H1 2024.p.26
- Data Center Providers was the top funded business model with $640M.p.16
- Iterative made 10 investments in H1 2025, down 41%, as the top seed stage investor.p.18
- Mirxes listed at an IPO market cap of $822M in May 2025.p.27
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