- Singapore startups raised $397M in Q3
- Late-stage funding saw significant growth this quarter
- The country ranks fourth in Asia’s startup ecosystem
Money Talks
Singapore’s startup ecosystem secured US$397 million during Q3 2024, marking a 9% increase from Q2’s US$363 million. This growth demonstrates continued investor confidence in the local tech scene.
Numbers Game
Late-stage investments jumped 48% to US$80 million in Q3, showcasing strong market maturity.
Early-stage funding experienced a slight dip to US$237 million, indicating a shift in investor focus.
Regional Standing
Key investors including Wavemaker Partners, Antler, and Entrepreneur First led funding activities throughout the quarter.
Singapore maintains its position at fourth place among Asia’s tech powerhouses, behind China, India, and Israel.
