Singapore ranks 8th in the list of counties with top tech funding in 2023

The country raised US$4.6b ($6.1b) in funding this year.

Singapore continues to lead Southeast Asian countries in tech funding, raising US$4.6b ($6.1b) in 2023.

Globally, Singapore ranked eighth (8th), behind Canada (7th), France (6th), Germany (5th), India (4th), China (3rd), United Kingdom (2nd), and the United States (1st).

Latest data from Tracxn also showed that Singapore was also the top city in Southeast Asia for tech funding.

In 2023, Singapore-headquartered Shein raised the highest funding round, raising US$2.0b ($2.7b) in a Series D round.

Singapore-based Saison Capital, Northstar Group, and Beenext were amongst the most active investors for seed-stage tech startups. 

Meanwhile, SEEDS was the top institutional investor of 2023 for early-stage tech startups.