S’pore firms captured $5.45 billion in venture capital in first 9 months of 2024 despite slump

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The Straits Times 6h ago

S’pore firms captured $5.45 billion in venture capital in first 9 months of 2024 despite slump - The Straits Times

Quick Summary:

They raised $5.45 billion across 369 deals in the nine months ending September 2024.

Mr Bryan Oh, chief executive and co-founder of local battery recycling start-up Neu Battery Materials, believes that funding availability is starting to improve, with more investors reigniting their interest in start-ups.“With interest rates coming down, and more dry capital around, I expect that we will start to see more investments in the coming few years,” he said.

This is especially so for Singapore with a small market and in a world abundant with large countries with muscular industrial policies,” he said.“We are starting to see early promising signs for Singapore in attracting global deep tech talent, capital and networks.