Singapore captures 94% of Southeast Asia tech funding in H1
Regional funding reached $9.55b as mega rounds outweighed fewer investment deals.
Singapore accounted for $8.90b (US$6.9b) of Southeast Asia’s (SEA) $9.55b (US$7.4b) tech funding in the first half (H1) of 2026, or 94%, according to Tracxn’s Southeast Asia Tech H1 2026 report, released on 3 July.
The city-state’s share rose from 91% in the second half of 2025 as regional capital concentrated in fewer, larger funding rounds led by infrastructure investments.
SEA tech companies raised $9.55b (US$7.4b) in H1 2026, up from $4.13b (US$3.2b) in H1 2025, whilst the number of funding rounds fell to 127 from 153 a year earlier.
“The region also saw 12 rounds of $129m (US$100m) or more, up sharply from just four in 2H 2025, showing growth driven by a handful of large deals,” the report said.
Enterprise infrastructure drove most of the capital flow, led by data centre development, with providers raising $5.80b (US$4.5b) across two rounds by DayOne, which also led the region’s funding total.
DayOne raised $2.58b (US$2.0b) in January and $3.23b (US$2.5b) in June, bringing its combined Series C funding to $5.80b (US$4.5b).
Other Singapore-headquartered companies also raised large funding rounds during the period. Supabase raised $645m (US$500m), whilst Airwallex raised $413m (US$320m) and PixVerse raised $387m (US$300m).
Enterprise infrastructure funding in SEA rose to $6.71b (US$5.2b) in H1 2026 from the previous half, driven by demand for data centre capacity and artificial intelligence infrastructure.
Enterprise applications funding rose to $2.58b (US$2.0b), whilst fintech funding fell to $884m (US$685m).
Late-stage funding rose to $7.74b (US$6.0b) from H2 2025, whilst early-stage funding stood at $1.29b (US$1.0b) and seed funding increased to $423m (US$328m).
Exit volumes declined. The region recorded 19 acquisitions and six IPOs in H1.
The largest acquisition was ST Telemedia Global Data Centres, acquired for $6.71b (US$5.2b) by KKR and Singtel. MiniMax listed with a market capitalisation of $8.39b (US$6.5b).
Bangkok and Kuala Lumpur followed Singapore in city-level funding, with $150m (US$116m) and $134m (US$104m), respectively.
The Tracxn report covers equity funding, exits, and unicorn activity from 1 January to 30 June 2026.
(US$1 = SG$1.29)