Manila, Sept. 17 -- Around 15 startups from the Philippines have received funding of around USD86.4 million in the first half of 2025, surpassing for the first time their counterparts in Indonesia, which got USD78.5 million, a market report showed.

This placed the country fourth in the region in terms of funding deals volume and value after Singapore, Vietnam, and Malaysia, according to the Southeast Asia Startup Funding Report, recently released by DealStreet, a Singapore-headquartered media firm focused on the private capital industry.

This, even with the 20.7 percent annual decline of equity investments in the region to USD1.85 billion, the lowest in six years, the report said.

The bulk of the investments in local startups were plac...