Our capital raising lawyers in Singapore have had a busy first half of 2020, even as Covid-19 impacts globally on fundraising. As at end of July, we had 42 fundraisings by Southeast Asian companies, slightly above where we were at the same point last year.Our numbers (compared with previous years) implies that startup financing, particularly in Asia, has remained pretty resilient. The availability of capital in Southeast Asia, with the particularly vibrant VC scene in Singapore, has ensured financings have ticked over during lockdowns.It is fair to say that we have seen more bridge financings amongst existing clients than normal, compared to fundraising for new companies. As investors look to support existing portfolio companies over the next few difficult months, many companies have had to change their investment strategy. Venture debt may play an increased role alongside traditional equity financing in more deals we see going forward. Thankfully, to date, we\u2019ve not seen many down rounds, but these could increase over the next 12 months unless founders can find alternative financing structures.There\u2019s a lot of discussion in the market about how the pandemic has changed the investment landscape, with deals being pulled or delayed. Fortunately, we\u2019ve not seen too much evidence of that in the tech space so far. Deals are taking slightly longer however, and we expect more investor friendly terms to appear.Stay tuned – we\u2019ll be keeping a close watch to see how fundraisings in tech companies in our key markets continue to look over the rest of 2020.