Over the past couple of decades, Singapore has cemented itself as one of Asia’s most fertile grounds for startups and venture capital Singapore activity:
It’s the top player in the ASEAN region, securing over 60% of the area’s venture funding
Angel investors in Singapore and international giants like Sequoia Capital and Accel are setting up shop, joining the ranks of over 50 active investment firms in Singapore
Government initiatives like the Significant Investments Review Bill and Singapore’s strategic location foster a pro-business environment, transforming it into a global VC magnet
For founders seeking investors, however, this abundance of opportunities comes with a set of challenges. Firstly, investor outreach isn’t a spray-and-pray game. If you don’t want to be ignored for months on end, you must think carefully about the VCs you reach out to.
Secondly, to win the funding game, you must understand the direction in which the wind of investor preferences blows. Both global and local investment trends matter, as they point to what investors are looking for in 2024. Adjusting your pitch in line with them, at least to some extent, can make all the difference for your fundraiser, especially if time is of the essence for you.
Here, you’ll find a tailored list of 22 top venture capital firms in Singapore with information about their investment focus, average check size, funding stage, and the number of investments and exits they made.
But first, let’s see what trends are shaping the Singapore venture capital environment.
- AI & Deep Tech
- Advertising & Marketing
- +25
- Series A
- Series B
- +3
- AI & Deep Tech
- Advertising & Marketing
- +26
- Pre-Seed
- Seed
- +4
- $0-$100K
- $100K-$500K
- +3
- AI & Deep Tech
- Advertising & Marketing
- +27
- Seed
- Series A
- +3
- AI & Deep Tech
- Advertising & Marketing
- +27
- Seed
- Series A
- +4
- $0-$100K
- $100K-$500K
- +3
- AI & Deep Tech
- Advertising & Marketing
- +25
- Seed
- Series A
- +2
- $0-$100K
- $100K-$500K
- +4
- AI & Deep Tech
- Advertising & Marketing
- +34
- Pre-Seed
- Seed
- +3
- AI & Deep Tech
- Advertising & Marketing
- +28
- Series A
- Series B
- +2
- AI & Deep Tech
- Advertising & Marketing
- +33
- Seed
- Series A
- +3
- $500K-$1M
- $1M-$3M
- +2
- AI & Deep Tech
- Advertising & Marketing
- +30
- Seed
- Pre-Seed
- +3
- AI & Deep Tech
- Advertising & Marketing
- +31
- Pre-Seed
- Convertible Note
- +1
- $100K-$500K
- AI & Deep Tech
- Advertising & Marketing
- +33
- Seed
- Series A
- +2
- $0-$100K
- $100K-$500K
- +2
- Social media
- Other
- +7
- Seed
- Series A
- +3
- $0-$100K
- $100K-$500K
- +3
- AI & Deep Tech
- Advertising & Marketing
- +20
- Seed
- Pre-Seed
- +1
- AI & Deep Tech
- Advertising & Marketing
- +32
- Seed
- Series A
- +2
- $1M-$3M
- $500K-$1M
- +2
- AI & Deep Tech
- Advertising & Marketing
- +32
- Seed
- Series A
- +3
- $1M-$3M
- $100K-$500K
- +2
- Software & Apps
- AI & Deep Tech
- +5
- Seed
- Series A
- +2
- $10M-$50M
- $1M-$3M
- +2
- AI & Deep Tech
- Advertising & Marketing
- +31
- Seed
- Series A
- +4
- $1M-$3M
- $3M-$10M
- +1
- AI & Deep Tech
- Advertising & Marketing
- +27
- Pre-Seed
- Seed
- +3
- $500K-$1M
- $3M-$10M
- +1
- Software & Apps
- AI & Deep Tech
- +5
- Seed
- Series A
- +1
- $1M-$3M
- $500K-$1M
- +2
- AI & Deep Tech
- Advertising & Marketing
- +30
- Seed
- Series A
- +2
- $500K-$1M
- $0-$100K
- +1
- AI & Deep Tech
- Advertising & Marketing
- +30
- Seed
- Series A
- $1M-$3M
- $500K-$1M
- +1
- Fintech & Financial services
- AI & Deep Tech
- +1
- Seed
- Series A
- $500K-$1M
Singapore Venture Capital Market Overview
If you’re wondering whether it’s the right time for your startup to make a mark in the funding game in Singapore, there are more venture capital Singapore statistics for you to consider.
Singapore hosts 1,180 Venture Capital Funds with a collective portfolio of 17,400 companies;
Singapore has 15 unicorn companies, ranking 10th globally and 3rd in Asia. They’re worth $88.9 billion, with an average value of $5.93 billion each;
US$5 billion: Projected total VC investment, a 30% jump from 2023 (Statista);
40%: Share of deals targeting fintech and AI, the hottest sectors;
13th place: Singapore’s global ranking in the startup ecosystem (Startup Genome);
Early-stage startups: still the sweet spot, attracting 70% of VC funding;
Emerging sectors: growing interest in healthtech, robotics, and sustainability solutions, reflecting investors’ growing recognition of these technologies’ potential;
Fintech and AI still claim a 40% share of the pie;
The deep tech sector is gaining momentum, with a deal volume for it having surged by 36%
Buckle up, innovators and investors, because Singapore’s VC market is erupting like a tech volcano with its juicy Singapore venture capital list.
Related reads:
Top Angel Investors in Singapore
1. 8capita Partners
➡️ 8capita Partners A top-notch venture capital firm making waves with smart strategies! They’re all about backing early-stage internet and mobile companies—fueling success in the tech scene.
Industries: Internet, Mobile, E-commerce, SaaS
Funding stage: Seed, Series A
Average check size: $200K-$3M
Number of investments: 8
Number of exits: 3
Notable portfolio companies: Hipflat, PayrollHero
Contacts: Contact page
2. Wavemaker Partners
➡️ Wavemaker Partners With over 20 years of experience, $580M under management, and over 537 investments, this VC fund has become a key player in supporting groundbreaking startups like Mindbody Business, Coins.ph, Gem.
Industries: Enterprise, Deep Tech, and Sustainability
Funding stage: Pre-Seed, Seed, Series A, Series B
Average check size: $500K
Number of investments: 537
Number of exits: 65
Contacts: Contact page
3. Vertex Ventures
➡️ Vertex Ventures pioneers in early-stage tech investments, focuses on seed to Series A funding. They specialize in nurturing ventures in software infrastructure, developer tools, data, security, and vertical SaaS. With over 35 years of experience and more than 470 investments, this firm is definitely a steadfast ship.
Industries: SaaS, Data, Security, Deeptech, Insurtech, Fintech
Funding stage: All
Average check size: $500K-$10M
Number of investments: 471
Number of exits: 96
Notable portfolio companies: Evisort, Hasura, Metareum, Motion Elements
Contacts: Contact page
4. Crystal Horse Investments
➡️ Crystal Horse Investments was founded in Singapore and is mainly involved in angel investments, Excels in tech and mobile seed investments in Southeast Asia, and has impactful firms in the portfolio, like SourceSage and Hermo.
Industries: Internet, Mobile and Data market
Funding stage: Seed
Average check size: $100K-$1M
Number of investments: 24
Number of exits: 5
Notable portfolio companies: ProperHands, Scrollback
Contacts: Contact page
5. Expara
➡️ Expara — a standout VC firm in the fields of blockchain, energy, healthcare, and fintech with a visionary and impactful approach.
Funding stage: Early stage
Average check size: $200K-$500K
Number of investments: 11
Number of exits: 1
Notable portfolio companies: Momby, Data Vue
6. Cocoon Capital
➡️ Cocoon Capital fuels early-stage tech ventures across Southeast Asia. With the “Dare to Change™” motto, they’re shaping the region’s startup scene, backed by 35 investments and 5 standout exits.
Industries: Enterprise tech, Medtech, Fintech, and other deep tech verticals
Funding stage: Seed
Average check size: $500K-$1M
Number of investments: 35
Number of exits: 2
Notable portfolio companies: Aprisium, Adravision, BuyMed
Contacts: LinkedIn
Summary
Finding the right investor can be a big deal, and it’s never a breeze, especially with so many great VC options out there. Remember, making a strong pitch deck that grabs their attention is key.
Need a hand with it? Our easy-to-follow pitch deck guide has got you covered. It’s packed with tips and tricks to help you master the process.
And if you’re still worried about how your pitch will land with investors, don’t sweat it! Just reach out to us. Our savvy team is here to guide you in choosing and pitching to the best venture capital firm in Singapore, speeding up your fundraising efforts.