State-owned investors ramp up startup bets in first three quarters: Global SWF

They invest US$14.9b across 256 venture capital transactions; Temasek stands out globally as an active investor in early-stage, pre-IPO deals

Sharanya Pillai

Published Tue, Oct 5, 2021 · 05:50 AM

Temasek

Singapore

STATE-OWNED Investors (SOIs) are pumped up about startups, investing US$14.9 billion across 256 venture capital (VC) deals in the first three quarters of this year.

This exceeds the US$8.9 billion that SOIs sank into 118 VC deals in all of 2020, according to Global SWF, which tracks data on SOIs, including sovereign wealth and public pension funds.