Venture capital deal activity in ASEAN soared in 2021, reaching a record $20bn - which is twice as much as the rest of Asia, which witnessed a 0.8x growth in aggregate deal value over the same period, said a study.

According to the 'Territory Guide: ASEAN 2022' published by Preqin, the aggregate deal value for ASEAN in 2021 was 35% higher than the 2019 and