Southeast Asia’s (SEA) private equity (PE) market deal value fell 52% in 2022 compared to the previous year, with deal count also declining 15 percent year-on-year. Activity in the region was strong through the first half 2022 (matching 2021 activity levels), before falling in the second half of the year.
Close to two in five (38%) of TikTok users in Singapore think that the government shouldn’t regulate how social media companies operate, whereas 17% think the government should do so.
In the midst of this shortage of capital for startups,this week the proptech unicorn Habi announced that it received US$100 million from Victory Park Capital. Bogota-based Instaleap raised a US$5 million Series A, they offer software as a service (SaaS) to supermarkets and pharmacies to help them sell online. Kala, a Colombian startup that helps turn any credit company into a fintech, announced that it raised US$6 million in equity in its first 12 months of operations.
Do not confuse Snow Software, which helps companies track IT costs, with Snowflake, a cloud database often used for CDP-ish solutions. Do take note that Snow has just been sold to Flexera, which also helps companies optimize their return on tech investments. It’s a helpful reminder that cost-conscious IT departments are more than happy to “help” marketers who are doing a poor job of controlling tech spend.