Singapore’s early-stage emerging technology startups saw a significant boost in funding in 2023, with a remarkable 59% increase to US$402 million compared to the previous year. SGInnovate reported a surge in seed-stage deals as well, climbing 50% to 30 in 2023 across four key sectors – advanced manufacturing, agrifood and sustainability, as well as health and biomedical sciences. The rise in funding demonstrates a growing interest in emerging tech investments within Singapore’s maturing ecosystem, reflecting positive trends in the sector. Agrifood and sustainability sectors spearheaded the funding growth, showcasing a promising future for innovative startups in these fields. The landscape of Singapore’s emerging tech scene continues to evolve, attracting specialized investors and fostering a dynamic environment for growth.
Singapore’s Emerging Tech Startups Raise $402M in Funding, Up 59% in 2023
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