Funding for global tech startups should return: Temasek

Singapore

FUNDING for global tech startups should return, even if valuations don't rebound to their 2015 levels as investors press for less inflated values, a senior executive at Singapore investment company Temasek said.

Lured by a potential market for app-based, on-demand and logistics-heavy businesses, venture capitalists and others have thrown billions of dollars to startups that often need only cash and a working app to enter the fray. Some industry watchers warn of a tech bubble, and capital inflows to the sector have eased since late last year.