Tech sees one IPO in September as month-on-month acquisitions decline

No new unicorns emerged over the month.

The tech sector completed three acquisitions in September, down from five in August, and recorded one initial public offering (IPO), according to Tracxn.

Acquisitions increased from two in September 2025, whilst one IPO was recorded. August 2026 recorded no IPOs.

No unicorns emerged in the period.

Early-stage funding accounted for 94.2% of Singapore's tech funding in September, with seed-stage funding at 5.8%.

Dtcpay topped the month's largest funding rounds, raising $25m, followed by iPiD ($16m), HiveBotics ($6m), Vikang99 Technology ($1.7m), and TacniQ ($1.5m).

Vertex Ventures led investors by deal count with two deals, followed by Foundation Capital and In Group Holdings with one deal each.

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