Singapore tech investments on track to rival 2019 numbers: PwC

Singapore

TECH startups in Singapore raised S$3.3 billion in capital over the first half of 2020, bringing total funding this year on track to rival the S$6.5 billion raised the year before, according to a report from PwC Singapore.

Despite headwinds from the global pandemic, the first half of the year still saw a steady flow of investments into tech startups, with Grab raising its latest Series I round of S$1.2 billion in February, and Ninjavan's S$390 million in April, noted the report.