Startup investment exceeds US$6bil in Singapore in 2023


SINGAPORE: The total startup investment in Singapore reached US$6.1 billion across 522 deals in 2023, making it the top startup investment destination in South-East Asia, reported Xinhua quoting the latest report issued by government agency Enterprise Singapore.

The share of early-stage funding accounted for 94 per cent of the deal volume and nearly half of the total deal value last year, up from 90 per cent and 44 per cent in 2022, respectively, according to the report issued on Wednesday (April 3).

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Singapore , startup , investment 2023 , cindy ngiam

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