SEA Deal Ticker
The region stops being its own asset class: 500 Global will not raise another Southeast Asia fund
The firm behind Grab, Carousell and Carsome — over 340 SEA companies — will route new deals through its global funds. Its last dedicated regional vehicles raised $143M in 2023.
Positive-sum angle: A deck out of Manila or Ho Chi Minh City now competes with one out of Austin for the same partner's hour. Anyone raising outside Singapore needs a local lead on the cap table before that meeting, not after it.