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Singapore dominates Southeast Asia tech funding

The city accounted for 68% of total funds raised in SEA in H1 2024.

Singapore captured more than half of Southeast Asia’s tech funding in H1 2024, dominating the region.

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Data from Traxcn showed that Singapore raised US$1.1b in H1 2024, accounting for 68% of the total funding in SEA.

The funds raised by Singapore tech companies fell in H1 2024 if compared to the preceding half year (H2 2023), which recorded US$1.4b.

Behind Singapore are Jakarta (US$185m), Bangkok (US$150m), Taguig (US$57.1m), and Ho Chi Minh (US$36.3m).

The funded companies in Singapore in H1 2024 include ANEXT Bank (US$148m - Series D), Capillary (US$95.0m-Series D), and DCS Card Centre (US$75.2m).

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