Fundraising for Southeast Asia-focused venture funds deteriorated sharply in 2025, with the second half marking the weakest period on record. Total final closes in the year fell to four, down from 17 in 2024 and 33 in 2023. Debut vehicles have borne the brunt of the 2025 fundraising downturn. No first-time manager reached final close in the second half, and for the full year, only one debut fund crossed the milestone. Moreover, only one climate-focused fund reached a final close in 2025.
Read the report for insights on:
- SEA VCs that secured final or interim closes in 2025.
- VCs that launched new funds in 2025.
- Climate-focused VC funds that secured fundraising milestones.
- Global VC funds, with a mandate to invest in SE Asia, that secured funding milestones.
