DEAL FUEL BY ROCKET EQUITIES — Q1 2022
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COMPANIES IN SOUTHEAST ASIA RAISED OVER US$5.604 BILLION* IN QUARTER Q1 2022
Q1 2022 Highlights
- Indonesia has received the highest amount of funding in Q1, totaling up to US$ 2.282 billion 41% of the total funding received in SEA.
- Some of the biggest transactions from the region came from Non-core or Other Sectors.
- Fintech & Financial Services, IT & Software, and E-commerce were the most popular sectors among investors in SEA.
Top Deals
- Linknet (US$606.19M, Telecom, ID) — acquired by Axiata Group
- Star Energy (US$440M, Geothermal Energy, ID) — acquired by Green Era
- LivSpace (US$180M, Real Estate Tech, SG) — Series F by KKR and Jungle Ventures
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Southeast Asia Sector Highlights
- Fintech & Financial Services was the top-funded sector in Q1 2022.
- IT Services, Software & SaaS along with E-commerce emerged as popular sectors in SEA countries.
- The recent digitalization of the masses, boosted further by the pandemic has made SEA popular among tech investors.
Top Sectors
- Fintech & Financial Services (US$ 1468.01M)
- Other Sectors (US$ 1987.13M)
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Southeast Asia Geographical Highlights
- Singapore has been globally renowned as a top tech destination. The most popular sector in the country was IT & Software.
- Companies across all tech sectors raised funds in the Philippines — Fintech & E-commerce remaining to be the most favored in the country.
- Vietnam emerged to be a hot destination for Healthcare & Healthtech with a total of US$ 54.5M.
- Malaysia was the top destination for E-commerce with a Series E fundraise of US$ 290M by their first unicorn — Carsome, an online marketplace for used cars.
- Thailand seems to be a promising market for companies in HRTech 1 major transaction — Manatal, a Saas Recruitment Platform, Seed, US$ 5.1M by Surge.
Top Deals
- Princeton Digital (Data Centre, US$ 500M, Equity, Singapore)
- Carsome (Used cars marketplace, US$ 290M, Series E, Malaysia)
- Dana (Digital Wallet, Equity, US$ 225M, Indonesia)
- Tonik Financial (Neobank, US$ 131M, Series B, Philippines)
- USM Healthcare (Medical Device Manufacturer, US$30M, Equity, Vietnam)
- Manatal (SaaS, US$ 5.1M, Seed, Thailand)
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Rocket Equities
Rocket Equities is a Southeast Asia-focused financial advisory firm. We work with market leaders in tech/tech-enabled industries to raise capital via debt & equity markets, enable regional market expansion through M&A, and create a lucrative exit for founders by leveraging our network of 300+ professional investors composed of Venture Capital, Private Equity, Corporates, and Sovereign Wealth Funds in APAC.
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For More — Connect with us at deals@rocketequities.com.
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