Singapore startup funding dips 26% in Q3 2024 amid global economic challenges

Quick Summary:

Singapore-based startups secured US$397 million in Q3 2024, a 26 per cent decline from US$536 million raised in the corresponding quarter last year and a 9 per cent uptick over the previous quarter, according to Tracxn’s Geo Quarterly Report.

No US$100 million+ rounds were recorded in Q3 2024 in Singapore.

In Asia, Singapore’s tech startup ecosystem ranks fourth after China, India and Israel based on all-time funding to date.

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Article Details

Author / Journalist: Sainul

Category: StartupsTechnology

Markets: SingaporeChinaIndiaIsrael

Topics: Antler Entrepreneur First Temasek Investments Peak XV Partners News SEEDS Capital East Ventures Wavemaker Partners Orbit Startups

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 01:00:03 (5 days ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 378 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 23144092

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About e27

Main Topics: StartupsTechnology

Official Website: e27.co

Update Frequency: 3 posts per day

Year Established: 2006

Headquarters: Singapore

News Last Updated: 9 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #10

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