Singapore Venture Funding Landscape 2024 (Enterprise Singapore / Startup SG)
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- Singapore accounted for 58% of total ASEAN VC deal volume and 68% of total ASEAN VC deal value in 9M 2024.p.8
- Singapore ranked fifth globally among top startup ecosystems in venture funding deal value for 9M 2024 with $4.05 billion.p.9
- The Singapore government allocated S$28 billion under the RIE2025 plan, representing 1% of gross domestic product, to advance research and innovation.p.12
- Singapore is allocating an additional S$440 million to the Startup SG Equity scheme, expanding the total government funding pool to over S$1 billion.p.15
Key insights
- Singapore maintains a dominant position in Southeast Asia, attracting more than two-thirds of all ASEAN venture capital deal value in 9M 2024.p.8
- Silicon Valley led top global startup ecosystems in 9M 2024 with $49.84 billion in deal value, followed by New York at $17.69 billion and London at $9.71 billion.p.9
- SEEDS Capital and EDBI will merge in 2025 to create SG Growth Capital, extending venture support from early-stage to early growth-stage startups.p.15
- SEEDS Capital committed an extra S$150 million to co-invest with fund managers and increased its investment cap to S$12 million for deep tech startups.p.17
Funders mentioned
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