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."

To read more about the report, click here.

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