COTD: Singapore startup funding sinks 91.87% MoM in February

Early-stage startups (58.3%) took the largest share of funding.

Singapore's startup funding sank 91.87% month-on-month to US$55.7m ($74.1m) in February, Tracxn reported.

Year-on-year, funding fell 76.89%.

Early-stage startups (58.3%) took the largest share of funding in February, followed by seed-stage ventures (41.7%).

Finmo ($18.5M), fileAI ($14M), StakeStone ($10M), Geodnet ($8M), and Onetab ($3.3M) were the top deals for the month.

In February, PayPal Ventures led the venture capital funding, Morgan Creek Capital Management led in private equity, and New Energy Nexus emerged as the top incubator.

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