Singapore venture capital surges as startups seek room to grow

SINGAPORE: Singapore is experiencing a surge in venture capital fund-raising, reflecting growing interest in South-East Asia’s startups.

This month, Vertex Ventures and two other venture-capital firms completed fundraising efforts in the city, each with their largest fund yet. In September, East Ventures, which made early bets on successful startups like Tokopedia and Traveloka, raised US$30mil that will go toward seed capital and early-stage financing.