Early-stage deals dominate Singapore’s 2023 investment scene

Investors are increasingly turning their attention to early-stage startups in Singapore, as seen in the increased proportion of Seed to Series B investments in 2023. A report from Enterprise Singapore and Dealstreet Asia showed that there were 464 early-stage deals in 2023, accounting for 94.1% of Singapore’s deal volume in 2023. The total value of early-stage deals was US$3.04b.

“Despite a 37% decline in total deal value, the median value – seen as a proxy for valuations – for early-stage deals witnessed minimal impact from the downturn,” the report stated. Overall, Singapore saw 522 deals with a value of US$6.10b in 2023, a decline from 2022’s 651 deals and US$11.04b value

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Singapore Companies Expand into New Overseas Markets in 2023Enterprise Singapore chairman Peter Ong said there was a 66 per cent rise in local companies venturing to new markets for the first time in 2023, compared to 2019. More Singapore companies went into new overseas markets for the first time in 2023, compared to pre-pandemic days. Mr Ong hopes this is also going to be a long-term trend of local firms venturing out globally.
La source: The Straits Times - 🏆 8. / 63 Lire la suite »