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With the current economic uncertainties and geopolitical challenges, securing funding for startups in Asia has recently become more difficult. Venture capital firms have also been impacted by the downturn, leading to a decrease in the number of funds being closed.
The VC market is “going through [one of its] cyclical winters marked by high interest rates, tightened liquidity, and cautious LP sentiment,” Akio Tanaka, a co-founder of and partner at Headline Asia, a Tokyo- and Taipei-based VC firm, told TechCrunch in an interview.
Yet funds…
