Difference in Startup Funding Stages between 2022 and 2023 in Indonesia

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Erlina Fury Santika 11/11/2024 19:10 WIB

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Data from DS Innovate shows that each funding stage for startups receives a different amount of funding. Here's a breakdown.

Total Startup Funding Value by Stage (2022-2023)

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Total Startup Funding Value by Stage (2022-2023)

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The DS/Innovate Startup Report 2023 compiles startup funding data based on funding stages. Funding values differed between 2022 and 2023.

In the angel round stage, funding amounted to US$4.7 million in 2022. However, there was no funding at this stage in 2023.

Next, in the corporate round, US$370.4 million was disbursed. Similar to the angel round, there was no funding at this stage in 2023.

Subsequently, in the early stages, each stage received different funding amounts. However, funding in 2023 tended to be smaller.

2023 funding was larger when entering the Series D and venture round stages.

In Series D, funding amounted to US$490.9 million in 2022, increasing to US$804 million in 2023.

The venture round saw US$743.1 million in funding, skyrocketing to US$1.59 billion in 2023.

"Looking at each stage, there was also a significant decrease compared to the previous year, except for Series D and the venture round," wrote DS/Innovate in the report cited on Monday (November 11, 2024).

(See also: 15 Startup Business Sectors with the Largest Investment in Indonesia 2023)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."