It goes without saying that Southeast Asia has its foot firmly on the digitalisation gas pedal. According to Facebook and Bain & Company’s SYNC Southeast Asia report, the region’s digital economy has expanded across every metric and is now leading digital transformation in Asia Pacific.
In 2020, the pace at which Southeast Asian companies were able to migrate from offline to online surpassed initial estimates. This has not escaped the attention of the venture capital industry, which was already eyeing the region prior to the pandemic.
Southeast Asia has risen in prominence as a destination for investment capital. Venture backers have made a record number of investments in Southeast Asian tech companies in the first half of this year with an increasing number of early-stage deals being made.
