{
  "pack": "venture_capital",
  "title": "Venture capital & startup funding SEA",
  "as_of": "2026-09-30",
  "timezone": "Europe/London",
  "linear_issue": "MED2-77",
  "notion_brief": "https://app.notion.com/p/3ebe4ba4b72f81e28bd7c2e670b1ce6e",
  "notion_spec": "https://app.notion.com/p/3ebe4ba4b72f812cb80ad689ad0236ef",
  "coverage_iso3": [
    "BRN",
    "KHM",
    "IDN",
    "LAO",
    "MYS",
    "MMR",
    "PHL",
    "SGP",
    "THA",
    "VNM",
    "TLS"
  ],
  "asean6_vc_coverage": [
    "IDN",
    "MYS",
    "PHL",
    "SGP",
    "THA",
    "VNM"
  ],
  "sources": [
    {
      "id": "enterprisesg_landscape_2024",
      "name": "Enterprise Singapore / Startup SG Venture Funding Landscape 2024 (PitchBook)",
      "url": "https://www.startupsg.gov.sg/public/inline-images/Singapore%20Venture%20Landscape%202024%20Report_Final_v1.01.pdf",
      "pull_date": "2026-09-30",
      "used_for": [
        "vc_deal_value_usd_mn",
        "vc_deal_count",
        "vc_deal_value_share_pct",
        "vc_deal_count_share_pct",
        "ASEAN-6 2024 aggregate"
      ],
      "notes": "ASEAN-6 = SG, ID, MY, PH, TH, VN. Totals US$7.2B / 789 deals. SGP narrative US$4.8B / 464 deals (67% value / 58.8% volume). Pie shares p.12."
    },
    {
      "id": "enterprisesg_landscape_fy2025",
      "name": "Enterprise Singapore / Startup SG Venture Funding Landscape FY2025",
      "url": "https://www.startupsg.gov.sg/public/inline-images/Singapore%20Venture%20Funding%20Landscape%20FY2025_Final_0.pdf",
      "pull_date": "2026-09-30",
      "used_for": [
        "vc_*_2025",
        "timeseries 2022-2025",
        "SGP 2025 narrative"
      ],
      "notes": "Sources: PitchBook, Crunchbase, Merger Market, EnterpriseSG, EY-Parthenon. ASEAN-6 2025 US$6.3B / 717; SGP US$4.6B / 472. Calendar-2024 on this series US$9.7B / 1,086 \u2014 parallel to Landscape 2024 US$7.2B / 789, do not splice."
    },
    {
      "id": "destination_sea_2024",
      "name": "Founders Forum Group / EDB Destination Southeast Asia 2024",
      "url": "https://www.gradiant.com/wp-content/uploads/2024/10/Destination-Southeast-Asia-2024_Founders-Forum-Group_EDBI.pdf",
      "pull_date": "2026-09-30",
      "used_for": [
        "unicorn_count"
      ],
      "notes": "SEA 55 unicorns produced; Singapore 31; Malaysia sole unicorn Carsome. Recorded ~July 2024. Founded and/or HQ in SEA."
    },
    {
      "id": "bain_sea_pe_2025_press",
      "name": "Bain & Company Southeast Asia Private Equity Report 2025 (press release)",
      "url": "https://www.bain.com/about/media-center/press-releases/sea/southeast-asias-private-equity-2025/",
      "pull_date": "2026-09-30",
      "used_for": [
        "pe_deal_value_usd_bn"
      ],
      "notes": "SEA PE deal value US$16B in 2024 (+60% YoY). PE \u2260 VC companion regional row only."
    }
  ],
  "rules": [
    "No invented numbers; BRN/KHM/LAO/MMR/TLS VC empty",
    "Dual story: deal value/count \u2260 digital adoption or GII",
    "Do not splice Landscape 2024 US$7.2B onto FY2025 series US$9.7B for 2024",
    "No paywalled PitchBook/CB Insights table scrape",
    "Unicorn stock \u2260 annual deal-flow ranking"
  ],
  "companions": [
    "digital_landscape",
    "innovation_rd",
    "services_ict_exports",
    "investment_climate",
    "credit_banking"
  ]
}