Singapore leads SEA cities with top tech funding in 2023

The city raised US$2.3m in funding this year.

Singapore continues to lead Southeast Asian cities in tech funding, raising US$2.3b in 2023.

Behind Singapore are two cities in Indonesia, Jakarta (US$974m) and Bandung (US$249m), and Petaling Jaya, Malaysia (US$202m).

Data from Tracxn also showed that homegrown Bolttech (5th) was amongst tech companies that recorded the highest funding rounds in 2023, raising US$196m in a Series B round.

Singapore-based Saison Capital and SEEDS were on the top institutional investors list for seed-stage tech startups, with seven and eight investments in 2023, respectively. 

EDBI was also amongst the top institutional investors of 2023 for early-stage tech startups, with two investments in 2023.