Indonesian Startup Funding in Q2 2020, 32 Reported Transactions , Dominated by Early-Stages
It is increasing compared to the same period in the previous year (Q2 2019)
In a general note, the Covid-19 pandemic has had a serious impact on the world's economy, both on a micro and macro scale. Various business sectors have also been affected, including those involved in the digital startup ecosystem.
The current condition has formed a lot of hypothesis. Some observers said that this year it is projected to be quite difficult for startup founders, especially those who are currently fundraising. It turns out that the statistics are still in the favor of the founders, at least based on the data for the first and second quarters of this year.
During the first quarter of 2020 (Q1 2020) we noted, at least 20 startups were announced and/or confirmed to the public. We conclude this number as relatively normal compared to similar periods in 2019. Based on the 2019 Startup Report, there were 27 transactions announced to the public in Q1 2019. The sequence trend is still the same, dominated by the early stage and Series A.
The early hypothesis said that this agreement is a result that was developed from the previous year, therefore, it has yet become a benchmark for a complete picture of the investment climate in 2020.
Tight investment scene
During the second quarter of 2020 (Q2 2020 in April-June) this year, we recorded that there were 32 startup funding transactions announced or confirmed to the public. This acquisition is higher than in the same period last year, which was 24 transactions.
Some funding is the follow-on/closing of a round that has started from a previous time period (marked ). There is also a new round with more involvement in the future (marked *).
Welcome to Premium Content
Become a DailySocial.id Subscription, you can get unlimited access to discover the best minds of innovation and to perceive the finest tech journalism products in Indonesia. Learn more
Single Article
Access anytime, only this article.
Starting at
Rp 7,000 /article
Subscription
Unlimited access premium content.
Starting at
Rp 150,000 /month
Login or create account to access premium content

Sign up for our
newsletter