Startup fundraising in Southeast Asia touched a four-year high of $4.22 billion across 41 deals in June 2026, as five megadeals accounted for 93% of the month’s disclosed funding. The megadeals were sealed by Singapore-based data centre developer DayOne, software company Supabase, AI startup Acrab, payments platform Airwallex, and Vietnam’s Vinpearl.
Startup funding in the region last crossed the $4-billion mark in November 2021. In the monthly scorecard, we crunch the numbers, including deals broken down by country, funding stage and sector.
In another data-led story, we looked at how fundraising by India-focused private equity and venture capital firms slumped to just $569 million in Q2 2026, from $2.41 billion in the first quarter, according to Venture Intelligence data. The number of funds closed also halved to 10 from 25.
While one quarter does not establish a trend, a prolonged slowdown could point to a more challenging fundraising environment for fund managers seeking fresh commitments from LPs.
Exclusives
Ramakant Sharma, the co-founder of home interior unicorn Livspace, has increased his stake in the firm by acquiring shares from existing investors in a secondaries transaction. Sharma acquired the stake from at least 23 shareholders, including KKR, TPG, Jungle Ventures, EDBI, and Bessemer Venture Partners. The stake held by the institutional investors was diluted in the process.
Vietnamese chain Every Half Coffee Roasters has raised $8 million in a Series A funding round from Openspace Capital and DSG Consumer Partners.
Indonesian digital lender JULO has secured fresh capital from some existing shareholders. As reported by DealStreetAsia earlier, some of JULO’s early investors were evaluating liquidity options through secondary share sales.
A private equity-backed consortium that acquired Anytime Fitness’s Asia business in 2020 is now attempting to sell it in what could be the biggest transaction in the fitness space in the region this year.
Vertex Growth Fund is set to make an over eight-fold return on its $8-million initial investment in Israeli counter-drone company D-Fend Solutions, handing back liquidity as it seeks to raise its next fund amid one of the toughest fundraising markets for venture capital. New York-based Motorola Solutions is the buyer.
General Catalyst is understood to be in talks to invest in Indian consumer appliances brand Atomberg. The company last raised $24 million in an extended Series C funding round in December 2025, led by Jongsong Investments (Temasek).
Dutch development bank FMO has proposed to invest $30 million in Arohan Financial Services to support the Kolkata-based microfinance institution’s expansion.
The International Finance Corporation is considering investing up to $175 million in Blackstone-owned AirTrunk’s hyperscale data centre expansion in Johor, Malaysia. IFC is also weighing an investment of up to $200 million in the inaugural sustainability bond of the Union Bank of the Philippines.
Indonesian digital automotive platform Broom is seeking to raise fresh funding with several existing investors likely to re-up in the round. A Singapore-based impact investor is also likely to join the financing.
LP-GP corner
Seviora Holdings and Churchill Asset Management, the US asset manager of Nuveen Private Capital, have closed a $400 million collateralised fund obligation.
Indonesia’s sovereign wealth fund Danantara has selected conditional winners for the second phase of the waste-to-energy programme, covering eight project clusters across 20 cities and regencies.
Elevation Capital has raised $500 million for its ninth India-focused fund, which will primarily back seed and Series A startups, with a focus on companies building application-layer solutions in AI.
FMO is weighing an investment of $15 million in the fifth fund of Lok Capital, an India-focused early- to growth-stage investment firm.
British International Investment has partially syndicated its mezzanine debt investment in Blueleaf Energy to the Emerging Africa & Asia Infrastructure Fund.
Anchored by its private credit and insurance platforms, KKR is leading a $278 million private credit financing for Australian fuel supplier Ampol. The deal expands KKR’s private credit activity in Australia.
This month’s edition of GreenStreet, our monthly climate newsletter, dives into the heightened focus on impact-oriented themes by pension funds, one of the largest allocators to the alternative asset class; and Southeast Asia’s ambitions for a connected energy grid.
In our weekly newsletter, Beyond the Buyout, we track three recent market developments to decipher exactly what it costs to exit or fund an Asian AI asset today.
Funding news
Emergent, an Indian AI software creation platform, has entered the unicorn club following a $130 million Series C funding round.
Singapore enterprise AI company Whale has secured an additional $40 million in its Series C funding round, bringing the total amount raised in the round to $100 million.
Singapore-based agritech startup Rize has raised $31 million—$20 million in equity and $11 million in debt—in Series B funding. The equity round was led by BNP Paribas Asset Management Alts, with participation from The Rockefeller Foundation.
AI video generation platform PixVerse has completed an extension of its Series C funding, bringing the total capital raised in the round to $439 million.
Atome Philippines, the local arm of Singapore-based digital finance platform Atome, has secured an $81 million wholesale funding facility from Asia United Bank.
Singapore-based accounting automation startup SimpleAI has raised $5 million in seed funding and a separate $10-million debt facility to pursue acquisition-led growth across APAC.
Asia PE-VC Summit 2026 update
The 11th Asia PE-VC Summit comes at an important moment for Asian private capital. LPs are more selective, exits and DPI are under greater scrutiny, China is being re-underwritten, India remains highly competitive, Japan is drawing deeper interest, and Southeast Asia is being read very differently through PE and VC lenses.
That is the conversation we are building the summit around: where capital is moving, where conviction is still real, and what it now takes to convert growth into realised returns. Take a look at our confirmed speakers and what the summit will cover across the two days.
