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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


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