Asia startup funding hits lowest level since 2015

Plus, reader predictions for 2024 January 10, 2024 Hi, {NAME}. By now you’re probably not surprised to hear that venture funding in every major startup region in the globe last year fell dramatically compared to the lofty highs of 2021 and even in contrast to 2022. But in Asia, the startup funding decline is quite dramatic, [hitting its lowest level in eight years](. Plus, we asked readers what their outlook is for 2024. [Here’s what they told us](. 🌏 [Asia startup funding hits lowest level since 2015]( Startups in Asia raised their lowest amount of funding in years last year, with early-stage companies the hardest hit. Despite some larger deals, 2023 ended on a particularly low note. ☀️ [Survey says: Readers feel upbeat about 2024]( [Crunchbase News]( readers who responded to our latest survey are more optimistic about the state of the economy and startup world going into 2024 than they were [a year]( or even [just six months, ago]( though they’re still skeptical about an IPO market rebound and many aren’t banking on AI to dramatically recharge the tech world this year. 🤖 [Why 2024 could see an AI slowdown]( While investors have little doubt many AI startups will continue to push their valuations northward — especially those building their own models and platforms — the new year could provide a reckoning and recalibration for a market that seemed to know no bounds in 2023. 💶 [Europe has survived the funding downturn better than most]( Funding to European startups reached $52 billion in 2023, down 39% year over year, [Crunchbase]( data shows, but the continent’s share of the global venture capital ecosystem has increased since 2021. 💰 [Forecast: Why VCs are bullish about 2024]( Many venture investors are starting the new year feeling quite good about the startup industry’s prospects in 2024. Funding has likely already hit its low, the exit markets seem poised for a comeback, and the industry appears to be coming to terms with the new normal of work, they argue. [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [Second Dinner Studios]( [$100M]( / [Series B]( Second Dinner Studios is an independent game development company. Categories: Digital Entertainment • Gaming • PC Games Founders: [Ben Brode]( [Jomaro Kindred]( Investors: [Griffin Gaming Partners]( (Lead) [Sovos]( [$5.1M]( / [Venture Round]( Sovos provides IT-driven global tax, compliance, and trust solutions for businesses in an evolving regulatory landscape. Categories: Enterprise Resource Planning (ERP) • Enterprise Software • Financial Services • Software [Fittr]( [280M INR]( / [Venture Round]( Fittr is a health and wellness startup offering personalized online coaching in fitness and nutrition, plus tailored training sessions. Categories: Fitness • Health Care • Wellness Founders: [Bala Krishna Reddy Dabbedi]( [Jitendra Chouksey]( [Jyoti Sehrawat Dabas]( [Rohit Chattopadhyay]( [Sonal Singh]( Investors: [Rainmatter Capital]( (Lead) More Fundings Company Amount / Round Lead Investor [Fever]( $110M / [Venture Round]( [Goldman Sachs]( [AppDirect]( $100M / [Debt Financing]( [Caisse de Depot et Placement du Quebec]( [Rokid]( 500M CNY / [Series C]( - [Burro]( $24M / [Series B]( [Catalyst Investors]( [All Recent Funding Activity]( Recent Acquisitions [Ambrx]( Pending acquisition by [Johnson & Johnson]( for $2.0B More Acquisitions Company Acquired By Amount [Consumer Panel Services GfK]( [YouGov]( 315M EUR [All Recent Acquisition Activity]( Upcoming Tech Events [SWISS GRC DAY 2024]( May 8 - 8, 2024 in Zurich Annual conference dedicated to first-hand news, challenges, trends and solutions in governance, risk management and compliance (GRC) Accelerator Deadlines Date Accelerator Location Jan 15, 2024 [Royal Academy of Engineering Enterprise Hub]( London Jan 19, 2024 [Alchemist Accelerator]( San Francisco [More Upcoming Deadlines]( Don’t see your event? Reach out to us at events@crunchbase.com. #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. [Follow Us on Crunchbase]( [View Jobs on LinkedIn]( [Follow Us on Twitter]( [Like Us on Facebook]( 564 Market St, San Francisco, CA 94104 © 2024 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.