EnterpriseSG eyes wealthy families as local startup funding jumps 54% in H1
The agency also aims to boost financing, talent development and cross-border links
STARTUPS in Singapore continued to attract strong investments despite macroeconomic headwinds, with venture funding increasing 54 per cent to S$8.18 billion in the first half of 2022.
A total of 388 deals were closed during the period compared with 355 a year ago, according to figures from Enterprise Singapore (EnterpriseSG). The agency referenced internal data and information from DealStreetAsia, PitchBook, Preqin and Crunchbase.
Singapore, a hub for venture capital (VC) flows in South-east Asia, has seen a booming tech scene in recent years amid a rise in entrepreneurship and inflow of foreign investors. The city-state is now home to over 400 VC investors, according to PitchBook.
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