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![[Funding alert] Scenes by Avalon raises Pre-Series A round from Kunal Shah, Gaurav Munjal, others - Vimarsana News](https://images.yourstory.com/cs/2/b87effd06a6611e9ad333f8a4777438f/Imageld6x-1621939750809.jpg)
Scenes by Avalon, which hosts voice (and chat) communities, will use the funding to further the startup's product development and growth of the platform.
As per Tracxn data reviewed by ET, monthly funding totals have never gone below $600 million, trailing at least as far back as March 2022 -- 17 months ago, until July and August this year.
An increasing number of foreign fintech companies are gravitating towards Vietnam, emphasising their enthusiasm through strategic alliances with local partners.
Southeast Asian startups raked in $1.78 billion in July, buoyed mainly by Alibaba’s $845 million infusion into e-commerce unit Lazada.
As many as 10 out of the 12 fundraises in technology startups in the first full week of August were seed-stage deals, with cheque sizes ranging from $150,000 to $1.7 million, among the ones disclosed.