News Snapshot:
Venture Capital (VC) funding will likely be reduced next year if global markets continue to struggle. The forecast for the 2023 VC scene doesn’t look very promising because there are many evolving risks and challenges, such as war and the ongoing COVID strains, that threaten investments worldwide. According to KPMG’s “Venture Pulse Q1 2022 report: Global Analysis of Venture Funding”, VC funding in Southeast Asia will also likely shrink due to multiple factors. Compared to the same quarter last year, the first quarter of 2022 (Q1 2022) suffered a 7% drop in funding, finishing at USD $36.3 billion. The decline...
