H1 2026 APAC Private Capital Breakdown: Southeast Asia (PitchBook / NVCA)

Summary

• H1 2026 deal value in Southeast Asia was $7.9 billion for venture capital, $19.3 billion for private equity and $60.6 billion for strategic M&A.p.2
• VC exit value reached $3.3 billion across 26 exits in H1 2026.p.2
• Larger financings accounted for roughly 90% of disclosed H1 deal value despite representing just 15% of disclosed transactions.p.2
• Buyouts accounted for $14.9 billion of H1 2026 PE deal value, after contributing $6.6 billion in 2025.p.3
• A single deal valued above $2.5 billion accounted for $10.8 billion of H1 investment value.p.3
• PE exit value reached $20.3 billion across 21 transactions, more than tripling 2025's full-year total.p.3
• DayOne's $4,500.0 million deal on June 5 was the largest VC deal by value in H1 2026.p.4

Key insights

1. Early-stage funding remains well below pandemic-era levels while later-stage companies with proven business models continue to attract capital.p.2
2. Growth/expansion investment was comparatively stable, with $3.2 billion deployed across 41 transactions in the first half.p.3
3. A single public listing contributed a further $4 billion of PE exit value despite IPO activity staying relatively subdued.p.3
4. Supabase raised $500.0 million on June 4 at a post-money valuation of $10,500.0 million.p.4
5. SUNMI's IPO on April 29 was the largest VC exit by value at $1,307.7 million.p.4
6. ST Telemedia Global Data Centres was the largest PE deal at $10,789.6 million, a buyout closed on February 4.p.6
7. Sunway Healthcare Holdings' IPO on March 18 was the second-largest PE exit at $4,039.8 million.p.7