While VC activity was muted in the first half of 2024, things have started to pick up
THE year 2024 has not been a good one for players in the venture capital (VC) space.
“There was a fair bit of optimism for VC in this region to pick up, but it has lagged behind quite a fair bit,” said Looi Qin En, a partner at corporate VC firm Saison Capital.
While other private equity segments recovered in 2024 to pre-Covid levels, VCs – funding to startups and early-stage companies with high growth potential – have had a “disappointing” year, he said.
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