COTD: Startup funding deals up, value falls in 2024

The distribution of funding leaned heavily towards early-stage investments.

Startup funding deal volume increased to 56 in 2024 from 2023’s 49; however, total funding amount decreased to $475m (US$371m) year on year, according to an SGInnovate report.

The report also found that the distribution of funding leaned heavily towards early-stage investments, with a total of 30 pre-Seed and Seed deals.

The top three Seed deals came from the Sustainability vertical. Of these, two were outsized rounds over $12.8m (US$10m) in the Waste Management and Decarbonisation sub-verticals.

($1=US$0.77)

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