News

Markets & Investing

Staff Reporter

, Singapore

Published:

2 years ago

192 views

Photo by Life Of Pix via Pexels.

Food tech, industrial products lead manufacturing innovation based on deal volume – study

Private capital injected in food tech and industrial products in 2023 shows investors’ focus on the future.

Equity capital is still being channelled to industries that impact the future, a report by DealStreetAsia in partnership with Enterprise Singapore revealed.

According to “Singapore Venture Funding Landscape 2023: A Full-Year Study,” the verticals under Manufacturing, Trade, and Connectivity that received the most private capital were food tech and industrial products.

“The resolute focus on the future has continued to sustain interest in sectors such as industrial products, food tech, mobility tech, and agritech,” the report read.

“Commitments to the future of food sustainability remain strong, with alternative food products and agricultural solutions accounting for most of the deal activity in the food tech and agritech sectors,” it added.

The total value for food tech was $31.05m (US$23m) in 2023, lower than $145.8m (US$108m) in 2022, whilst industrial products surged to $250.1m (US$186m) from $5.4m (US$4m) in the same period.

Silicon Box made the highest equity deal under industrial products. This was valued at $187.65m (US$139m), with investors from BlueRun Ventures, Maverick Capital, TDK Ventures, and UMC Capital.

ALSO READ: Silicon Box to build a $4.8b semiconductor facility in Italy

The funding will be used to build a semiconductor packaging fab in Singapore.

Follow the link for more news on

Enterprise Singapore

manufacturing

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

Daily Markets Briefing: STI down 0.52%; Top stock is Thai Beverage

Thai Beverage is the top stock with a 1.15% increase.

Stocks

2 hours ago

Monday Wrap: GDP upgrade, cyber blind spots, and art shift

Mixed signals as hiring softens, wealth competition rises, and tech AI gains continue.

2 hours ago

AI keeps Singapore factories firing

Electronics climbed 35.8% as chemicals, biomedical, and transport engineering weakened.

2 days ago

JustCo brings ‘the boring office’ to CBD after SGX listing

The space is designed for start-ups, entrepreneurs, and SMEs.

Commercial Property

2 days ago

Exclusives

Monday.com picks Singapore for Southeast Asia expansion

Its in-house designers created Singapore-inspired artwork in the company's colors.

2 days ago

Tsuklio targets dual-income families in Singapore expansion

The Japanese meal subscription platform logged 3,000 pre-registrations before launch.

Food & Beverage

4 days ago

Firms cut senior hiring costs with fractional executives

$Firms cut senior hiring costs with fractional executives$

Firms cut senior hiring costs with fractional executives

Companies report 50% to 70% lower costs than full-time senior hires.

HR & Education

5 days ago

Choosier Asia buyers steer auctions toward rare art

Collectors are bidding harder for works with clear ownership histories.

6 days ago

Event News

Co-Written / Partner Finweek KL 2026: Where European capital meets ASEAN scale

The premier EU–ASEAN institutional fintech summit brings 1,000+ delegates to PARKROYAL Collection Kuala Lumpur on 11 to 13 November 2026 for three days of cross-border deal-making.