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Despite not being as well known as an emerging market as its neighbors India and China, the Southeast Asian region saw a notable run-up in venture capital deals through the course of last year.
Part of the activity has been driven by China- and India-based investors, including corporates that are beginning to show increased interest in Southeast Asia as they grow operations internationally.
For example, just last April Chinese e-commerce giant Alibaba expanded into Southeast Asia by acquiring a majority share in regional online selling platform Lazada. Additionally, Sequoia Capital India and Sequoia Capital China have both made several investments in the region.
To better understand key players, we used CB Insights data to identify the 14 most well-funded tech companies based in Southeast Asia.
Topping the list was Singapore-based ride-hailing Grab, followed by e-commerce platforms Matahari Mall and Tokopedia.
Overall, e-commerce firms in particular tend to be quite successful in the region, with those companies accounting for around half of regional firms with more than $50M in equity funding. Another notable trend is that those well-capitalized firms are mostly based in either Singapore, Indonesia, or Malaysia.
See the full list below:
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SEE ALSO: 33 companies that are working on self-driving cars
