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Startup funding in Singapore grew 45% annually to reach S$14.7b in 2021: EnterpriseSG

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Investments in Singapore-based startups reached S$14.7 billion ($10.3 billion) in 2021 with funding growing at 45% per annum between 2017 and 2021, according to data from Enterprise Singapore (EnterpriseSG).

Amid a bleak global economic environment, venture funding in Singapore startups touched S$8.18 billion ($5.74 billion) in the first half of 2022 alone, up 54% compared with the same period last year.

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