Singapore emerged as the top start-up investment destination in Southeast Asia for 2023. The city-state captured 63.7% of equity deals within the Asean-6 group, up from 56.7% in 2022 despite an overall downturn in funding.
The deep-tech start-up ecosystem in Singapore also flourished, with a 31.4% year-on-year increase in deals, marking a recovery after a previous decline, although total deal value fell by 18.4% to US$1.53 billion.
Early-stage funding dominated the investment landscape, accounting for 94.1% of deal volume in 2023, even as early-stage start-ups faced an 18.2% decrease in deal volume.
Despite these challenges, investor interest remains strong for Singaporean firms with solid business fundamentals and innovative solutions.
Article by Timothy Goh for ST. Read more here or in the PDF below.
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