The Russia-Ukraine war amid a global economy recovering from the pandemic has resulted in supply-chain issues around the world. These have led to uncertainties rising globally, with climbing inflationary pressures and recessionary phases looming in the majority of economies around the world. As a result, startup funding has seen a downward trend in even the biggest startup hubs around the world, with a projected year-on-year decrease of 30%, from USD 630 Bn in 2021 to a forecast of USD 439 Bn in 2022.
Bangladeshi startups saw a similar downward trend in funding, raising USD 112 Mn in 2022, with an average ticket size of USD 1 Mn excluding the largest deal of the year (a USD 65 Mn deal between ShopUp, Valar Ventures, and Flourish Ventures). Remarkably, against what has been observed in the past decade, local institutions led the majority of funding in 2022 to fill in the gap from global sources – a trend pointing towards the growing maturity of the ecosystem.
The global economic downturn is predicted to continue until 2023, resulting in the funding slowdown to continue. What insights are revealed in the funding raised by Bangladeshi startups in 2022? What trends can we expect to see this year? What do industry insiders have to say about strengthening the Bangladesh startup ecosystem for a resilient future?
Learn more about the year-round Bangladesh startup investment trends in 22 in the latest report, ‘Bangladesh Startup Investment Report 2022: A Year In Review’, presented by LightCastle Partners, in collaboration with Startup Bangladesh Limited, Anchorless Bangladesh, Bangladesh Angels Network, and BD Startup Founders. This is part of a series of quarterly publications on the Bangladesh startup ecosystem.
| If you are interested to learn more about the Startup Ecosystem of Bangladesh
Some of our key findings from this report include:
Startup Bangladesh Limited is the flagship venture capital fund of the ICT Division and the first and only venture capital fund sponsored by the government of the People’s Republic of Bangladesh.
Anchorless Bangladesh is a New York-based early-stage venture capital fund dedicated to investing in critical businesses that empower Bangladesh’s socioeconomic growth.
Bangladesh Angels Network is the country’s first angel investing platform, founded with a mission to elevate the country’s startup entrepreneurs to the highest level.
BD Startup Founders Group is the leading startup community of Bangladesh that connects the prominent active startup founders and ecosystem builders in the country.
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