Singapore startups bag S$13.4b funding in first nine months

Figure is 36% up from previous year; deep tech sectors such as agri-food see influx of capital

Sharanya Pillai

Published Thu, Oct 17, 2019 · 09:50 PM

Singapore

VENTURE investors have poured S$13.4 billion into local startups in the first three quarters of 2019, a 36 per cent jump from the previous year, Enterprise Singapore (ESG) announced in a media release on Thursday.

Excluding Grab's S$6.6 billion Series H funding round, the total figure stands at S$6.8 billion, across over 430 deals. The figures are based on data from ESG and business intelligence services Pitchbook, AVCJ and Crunchbase.

In the first three quarters of 2019, seed and Series A investments nearly doubled to S$886.1 million, across over 300 deals.

Meanwhile, Series B and later-stage investments grew 33 per cent on-year to S$12.5 billion, across 83 deals.

Digital tech startups clinched 93.2 per cent of the total capital deployed, accounting for 278 deals, up from 145 deals in the s…