Singapore Venture Funding Landscape 2022 Full Year Report

‘Singapore Venture Funding Landscape 2022’ is the definitive analysis of the venture funding ecosystem in Singapore. Science and technology are an integral part of the growth and vibrancy of the city-state, which attracts the largest amount of investment in Southeast Asia.

Previously, DealStreetAsia and Enterprise Singapore examined the venture capital market activity for the first nine months of 2022. The report has now been updated for the entire year’s activities. The period has been characterised by macroeconomic headwinds, such as rising inflation and interest rates. However, Singapore’s venture-backed companies are well placed to navigate the challenges thanks to a robust infrastructure, supportive government policies and strong stakeholder commitment towards cutting-edge innovations.

In this backdrop, venture capital funds have been cautious about making new investments, and reassessed the needs and strategies of their existing portfolios. Even so, Singapore accounted for nearly 64% of deal value across Southeast Asia.

The annual deal volume dropped 11% to 651 while the total deal value dipped 3% to US$10.99 billion. There was a minor dip in the value of investments in 2022, compared to a year ago. Despite this, it was the second best year in terms of deal volume and value after 2021, when startups in the city had raised US$11.33 billion from 730 deals. Dealmaking activity in 2022 was also significantly stronger relative to 2020. 

The report contextualises the data findings under the four pillars of Singapore’s Research, Innovation and Enterprise 2025 Plan. While the Human Health and Potential domain saw a drop in value of investments, there are upticks in the value of deals under Smart Nation and Digital Economy, Manufacturing, Trade and Connectivity, as well as Urban Solutions and Sustainability.

Finally, don’t miss the buzz in Singapore’s deep tech ecosystem which is integral to Singapore’s growth and vibrancy. Although the city-state saw a lower deal volume at 127 and a total value of US$1.95 billion of deep tech deals in 2022, more companies were able to attain higher levels of maturity.

There is an opportunity to tap into new areas of innovation with solid fundamentals. Deep tech startups in Singapore are primed to grow with interest from a varied set of investors, including family offices. Investors say this will boost business in emerging segments like alternative protein, sustainability, as well as primary and preventive healthcare.

Read the ‘Singapore Venture Funding Landscape 2022’ report for more.