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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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