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Information Technology Markets & Investing

Staff Reporter

, Singapore

Published:

2 months ago

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Singapore leads SEA cities with top tech funding in 3Q23

The city raised US$318m in funding.

Singapore is the leading Southeast Asian city in terms of tech funding, raising US$318m in 3Q23 alone.

Behind Singapore are three cities in Indonesia: Bandung (US$200m), Jakarta (US$140m), and Tangerang (US$73.5m).

Data from Tracxn also showed that Singapore's Mirxes (3rd) and Sedna (5th) were amongst the tech companies that recorded the highest funding rounds in 3Q23.

The companies raised US$50m in a Series D funding round and US$42m in a Series C funding round, respectively.

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