The global economic landscape continues to face macroeconomic shocks and external pressures, impacting economies worldwide, including Bangladesh. As the world grapples with rising inflation, geopolitical tensions, and an energy crisis, the effects on consumption and business operations are evident. These circumstances have had a significant effect on startup funding, resulting in a notable decline in global venture funding in Q’2 2023, which fell 18% quarter-on-quarter to USD 65 Bn.
In the second quarter of 2023, Bangladeshi startups secured USD 6.8 Mn across 10 deals, contributing to a total of USD 43.3 Mn raised in the first half of the year. This growth was primarily driven by small-ticket funding from local investors, highlighting the country’s capacity for fostering entrepreneurial growth. With that said, the upcoming Startup Summit hosted by the ICT Division promises to be a significant catalyst for the ecosystem’s growth.
As 2023 unfolds, the global economy continues to experience turbulence, and startup ecosystems worldwide are facing unprecedented challenges. What funding insights have emerged in Q’2? What can we expect in terms of funding trends for the rest of the year? What do industry insiders think about the ongoing funding slowdown and its implications for Bangladesh’s startup ecosystem?
Explore the latest trends in Bangladesh’s startup investment landscape for Q’2 2023 in our comprehensive report, ‘Bangladesh Startup Investment Report 2023 Q’2: Navigating Through Adversity’. Brought to you by LightCastle Partners, in collaboration with Startup Bangladesh Limited, Anchorless Bangladesh, Bangladesh Angels Network, and BD Startup Founders, this report is part of our ongoing series of quarterly publications on Bangladesh’s startup ecosystem.
| If you are interested to learn more about the Startup Ecosystem of Bangladesh
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 socio-economic 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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