Tech funding slumps 94% in September

dtcpay led the month with a $25m round as dealmaking stayed subdued.

Singapore tech companies raised only $52m in equity funding in September 2026, further sinking 94.02% from $864m in August, according to Tracxn.

Funding was also down 89.83% year on year, from $508m in September 2025.

The 12-month data showed uneven funding activity, with only three months surpassing the $1b mark in equity raised.

October 2025 recorded $346m in tech funding before edging down to $284m in November and rebounding to $521m in December.

Funding in 2026 started strong as January captured $2.26b. It then sank and stayed flat in February and March at $356m and $372m, respectively.

Activity further sank in April to only $59m before rebounding to $831m in May.

Funding ballooned in June to $3.24b and continued climbing in July to $4.63b, the highest across the 12-month period.

It then pulled back in August and deteriorated further in September, the lowest in the reporting period.

dtcpay topped September’s largest funding rounds with a $25m raise, followed by iPiD ($16m), HiveBotics ($6m), Vikang99 Technology ($1.7m), and TacniQ ($1.5m).

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