33.4 C
Singapore
Saturday, September 18, 2021
Home Business Singapore’s Tech Startups Raised $5.3B in the First Half of 2021, Up...

Singapore’s Tech Startups Raised $5.3B in the First Half of 2021, Up From $3.4B in 2020

From $3.4 billion last year, tech startups raised $5.3 billion in the first half of 2021 despite the challenges brought by the COVID-29 pandemic. According to Enterprise Singapore (ESG) chairman Peter Ong on Wednesday (Aug 4), this demonstrates the resilience of the city’s startup ecosystem. 

Furthermore, the Republic has added three new unicorns this season – software firm PatSnap, used vehicle marketplace Carro and payments company Nium. The number of fund-raising deals which closed in the first six months of the year have also increased from 317 in 2020 to 355 this year. 

Discover more here: https://www.straitstimes.com/business/singapores-tech-start-ups-raised-53b-in-first-half-of-2021-up-from-34b-in-2020

 

Most Popular

Multimedia Messaging Service (MMS) to End After Mid-November

Multimedia messaging service (MMS) will no longer be offered by telcos in Singapore after the middle of November of this year. When this happens, ...

Singapore Deploys Robots to Deter Poor Social Behaviour

Singapore has started rolling out robots to patrol public areas with high foot traffic and deter undesirable social behaviours. For a three-week trial period...

Singapore to Fine-Tune its Foreign Worker Policies

According to Singapore Prime Minister Lee Hsien Loong, the government is set to adjust the city’s foreign worker policies to address issues accepting overseas...

Singapore’s Tech Startups Raised $5.3B in the First Half of 2021, Up From $3.4B in 2020

From $3.4 billion last year, tech startups raised $5.3 billion in the first half of 2021 despite the challenges brought by the COVID-29 pandemic....