However, with more than half of that goes into China and India, startups in the rest of Asia are left with fewer funding options.
According to experts, most Asian startups rely on traditional funding sources like government grants and loans from family and friends.
But some said crowd funding, or sourcing for investment through the internet, could be a solution.
Three-year-old tech startup Gametize helps businesses reach out to consumers through interactive game concepts.
Read More at Channel News Asia