Who Are Southeast Asia’s Fastest-Growing Startups Scaled Teams at Record Speeds in 2024?
We’ve analyzed over 2000+ companies and identified 10 of the fastest-scaling startups that are setting benchmarks in the region. 🚀
💡 Here’s what makes them stand out:
Founded in or after 2022, these companies have shown exceptional growth.
Significant employee growth in the last 6 months and 1 year, scaling their teams faster than most.
Backed by top-tier investors like Andreessen Horowitz, Antler, Y Combinator and more.
Representing a diverse set of industries with immense potential.
1️⃣ Hata
Website: https://www.hata.io
Founded: 2023
Team Growth (6 months): 36%
Team Growth (1 year): 100%
Team Growth (2 years): 1,000%+
Key Investors: AP Capital, Cadenza Ventures, Bybit, Plug and Play
Total Funding Raised: $4.8M
Last Funding Amount and Type: $4.2M (Seed)
Description: Hata is a regulated platform where businesses can easily access funding and financial management tools.
2️⃣ Match Made
Website: https://www.matchmade.io
Founded: 2023
Team Growth (6 months): 52%
Team Growth (1 year): 217%
Team Growth (2 years): N/A
Key Investors: Antler, Vertex Ventures
Total Funding Raised: $1.8M
Last Funding Amount and Type: $1.7M (Seed)
Description: Match Made builds reconciliation tools for enterprise-level operations, making financial processes seamless.
3️⃣ k-ID
Website: https://www.k-id.com
Founded: 2023
Team Growth (6 months): 52%
Team Growth (1 year): 193%
Team Growth (2 years): N/A
Key Investors: Konvoy, Andreessen Horowitz, Everywhere Ventures
Total Funding Raised: $50.3M
Last Funding Amount and Type: $45M (Series A)
Description: k-ID is transforming the way kids and teens access digital platforms securely and efficiently.
4️⃣ Cenoa
Website: https://www.cenoa.com
Founded: 2022
Team Growth (6 months): 12%
Team Growth (1 year): 23%
Team Growth (2 years): 363%
Key Investors: Underscore VC, Human Capital, Ulu Ventures, Compound
Total Funding Raised: $7M
Last Funding Amount and Type: $7M (Seed)
Description: Cenoa is a borderless superwallet that improves cross-border payments and financial inclusion.
5️⃣
Founded: 2022
Team Growth (6 months): 7%
Team Growth (1 year): 43%
Team Growth (2 years): 233%
Key Investors: Y Combinator
Total Funding Raised: $0.5M
Last Funding Amount and Type: $0.5M (Pre-Seed)
Description: Materee is an Indonesian e-commerce platform that connects buyers and sellers across the region.
6️⃣
Founded: 2022
Team Growth (6 months): 63%
Team Growth (1 year): 400%
Team Growth (2 years): 1,000%+
Key Investors: Generator Advisors
Total Funding Raised: N/A
Last Funding Amount and Type: N/A (Seed)
Description: Noovoleum is revolutionizing waste management by transforming used cooking oil into a valuable resource while promoting sustainability.
7️⃣
Website: https://www.anotherball.com
Founded: 2022
Team Growth (6 months): 32%
Team Growth (1 year): 190%
Team Growth (2 years): 480%
Key Investors: Globis Capital Partners, Hashed, Everyrealm, and more
Total Funding Raised: $14.9M
Last Funding Amount and Type: $12.7M (Seed)
Description: AnotherBall combines entertainment and blockchain to redefine the intersection of gaming and Web3 technology.
8️⃣
Founded: 2022
Team Growth (6 months): 12%
Team Growth (1 year): 28%
Team Growth (2 years): 640%
Key Investors: Victor Paterno, Julian Artopé, Wavemaker Partners, and more
Total Funding Raised: $1.5M
Last Funding Amount and Type: $1.5M (Seed)
Description: Cube Asia delivers granular market data and insights for online retail in Southeast Asia, empowering brands with actionable intelligence.
9️⃣
Founded: 2023
Team Growth (6 months): 15%
Team Growth (1 year): 64%
Team Growth (2 years): N/A
Key Investors: January Capital, Ascend Angels, XA Network, and more
Total Funding Raised: $2.59M
Last Funding Amount and Type: $2.59M (Seed)
Description: HeyMax is an AI-powered personal finance autopilot that optimizes credit card usage for cashback and travel rewards.
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Founded: 2022
Team Growth (6 months): 10%
Team Growth (1 year): 22%
Team Growth (2 years): 170%
Key Investors: 500 Global, East Ventures, Hustle Fund, and more
Total Funding Raised: $5.8M
Last Funding Amount and Type: $3.5M (Seed)
Description: Ringkas digitizes the mortgage process, simplifying it for customers while optimizing asset matching for financial institutions.
✨ These rising stars are reshaping the startup ecosystem in Southeast Asia, combining innovation and rapid scaling with solid backing from industry-leading investors.
📢 Want access to the complete dataset and deeper insights into these companies? Connect with us on team@twelverdata.site to get the full enriched data and much more!