Startup funding deal volume plummets 44% YoY in H1

Late-stage funding rose by 70% to $969m (US$756m).

Singapore's startup funding scene has recorded its weakest half-year performance, with deal volume falling by 44% year on year during the first half of the year, according to a DealStreetAsia report.

Despite only completing 10 transactions, late-stage funding showed remarkable resilience, rising by 70% to $969m (US$756m).

In stark contrast, early-stage funding (Seed to Series B) fell to a six-year low. This segment saw proceeds drop to $1.4b (US$1.1b), a fraction of its H1 2022 peak.

($1=US$0.78)

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