In Q2 2022, the Southeast Asian startup ecosystem faced significant challenges. Despite the previous quarter's success, startups only managed to raise US$6.4 billion, half of what was raised before. This downturn led to a substantial increase in layoffs, with 1,516 employees being let go by their employers, nearly double the previous month's count. However, amidst this turmoil, the number of funding rounds remained stable, with 80 rounds being closed in June 2022. These trends highlight a period of uncertainty and adjustment in the Southeast Asian tech industry, with implications for both startups and the broader ecosystem.
