Singapore startups hauled US$7.5b in funding in 2018
"Startups in Singapore continued to account for the lion’s share of regional funding after raising US$7.5b in 2018 across 189 deals, according to a report from e27.
In comparison, Indonesian startups raised a combined US$4.7b in 2018 followed by the Philippines whose startups took home US$304.2m haul. Malaysia, Vietnam and Thailand’s total recorded funding raised are at US$232m, US$193.8m and US$92.9m...
'Singapore is arguably the capital of startups in Southeast Asia. With its business-friendly environment the city-state has become the nesting ground of many young international startups and large international firms looking to reach out to other parts of the region,' the report’s authors said."
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